The Hindu Business Line : Friday, July 03, 2009

Survey pitches for big-bang reforms
Proposes scrapping host of cesses, taxes. • Phasing out of dividend distribution tax (DDT), securities transaction tax (STT), commodities transaction tax (CTT), fringe benefit tax (FBT) and the plethora of cesses and ...

Market unimpressed
Mumbai, July 2 Ignoring some of the positive cues in the Economic Survey for 2008-09, the Sensex ended flat at 14,658 (up 13 points) on ...

Hike of patriotism: India... TODAY'S PICK (Latest Audio: English/Tamil)
Tata Motors (Rs 294.3): Sell
We recommend a ‘sell’ in Tata Motors from a short-term trading perspective. It is apparent from the charts of Tata Motors that it was on an intermediate-term uptrend between early February and early June (from Rs 126 to Rs ...

Day Trading Guide

Court order may open doors for more mobile players
No rationale for DoT’s Sept 25, 2007 cut-off date. New Delhi, July 2 More than 20 companies including AT&T, Moser Baer, Sterlite Technologies and Hinduja Group can hope to get a mobile licence with the Delhi High Court quashing the ...

Petro price hike pumps up pvt players
New Delhi/Mumbai, July 2 The fuel price hike has come as a breather to private retailers such as Essar Oil and Reliance Industries, as it closes the gap between the price at which they and their public sector counterparts sell petrol and ...

PSBs trim exposure to commercial realty
Rising loan defaults turn banks cautious. Bangalore, July 2 Faced with mounting delinquency in the commercial real estate sector, public sector banks have pruned exposures to commercial realty to 10 per cent of ...

CIL to float tenders for development of underground mines in 7 blocks
Another 6 blocks to be up for bids in two months. Kolkata, July 2 Coal India Ltd will float tenders for development and operation of high capacity (3-5 million-tonne a year) underground mines in seven virgin blocks on a long-term basis within ...

Snag in BSE circuit filter pinches retail traders
None of the trades will be cancelled, says exchange. Mumbai, July 2 A technical snag at Bombay Stock Exchange led to several shares surging beyond their circuit limits on Thursday, leading to a lot of confusion among investors, particularly ...

MFs’ asset base grows at slower pace in June
Mumbai, July 2 The asset base of the mutual fund industry grew 4.9 per cent in June, recording the lowest monthly growth during the quarter, partly due to banks and corporations withdrawing money for advance ...

Inflation rate drops 1.3%
The annual Wholesale Price Index-based inflation stayed in the negative territory for the third week in a row, falling 1.3 per cent for the week ended June 20 after tumbling 1.14 per cent the previous ...

Car-makers cautious despite buoyant Q1 sales
Exports to Europe boost sales. Mumbai, July 2 Despite sales being quite buoyant in the first quarter, the passenger car industry is still cautious about the ...

Survey ‘janaaha sukhino bhavantu’?
Every government economist has a dream, that one day he or she will be able to supervise and write the Economic Survey. The job goes with the turf if you are the Chief Economic Advisor (CEA).Over the years India has had some excellent ...

DCM Shriram Hariyali market adopts extension route to drive sales
Till three years ago, the only fertilisers Mr Baljinder Singh knew were urea, single super phosphate (SSP) and muriate of potash ...

Survey moots tax sops for long-term debt market
New Delhi, July 2 Signalling the Government’s commitment to develop long-term debt markets in the country, the Economic Survey 2008-09 has called for tax incentives to build-up such ...

AI likely to become listed co; may divest equity to public
Survey calls for listing all public sector enterprises. The Economic Survey 2008-09, tabled in Parliament on Thursday, could pave the way for Air India to not only become a listed company but also divest some of its equity to ...

‘The key is to stimulate investment and demand in India’
Mumbai, July 2 Mr Ajay Srinivasan, Chief Executive, Financial Services, Aditya Birla Management Corporation, believes that India has a lot of things going in its favour right now even while the rest of the world is falling apart. It is his ...

El Nino trends may spare Indian monsoon for now
Thiruvananthapuram, July 2 The Australian Bureau of Meteorology’s (BoM) warning about a growing El Nino features an ‘escape’ clause for India monsoon, given the warming trends in tropical Pacific as on ...