The Hindu Business Line : Tuesday, February 01, 2011

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Posco's Orissa projects get conditional green nod
Giving 2% of net profits every year to CSR among 60 new riders. Posco's $12-billion project in Orissa received conditional clearance from the Ministry of Environment and Forests on Monday. The provisional nod comes nearly six years after the ...

More assurances sought for land to Posco
Posco will have to wait for some time before it gets the land required for construction of the ...

Pursuit of excellence: Th... TODAY'S PICK (Latest Audio: English/Tamil)
Ambika Cotton Mills (Rs 222.3): Buy
We recommend a buy in the stock of Ambika Cotton Mills from a short-term perspective. It is evident from the charts of the stock that it has been on a long-term uptrend from its March 2009 low of Rs 37, forming higher peaks and troughs. ...

Day Trading Guide

Panel faults DoT officials for 2G mess
The one-man panel appointed by the Telecom Ministry to look into the procedures followed for giving 2G spectrum between 2001 and 2009 has named several top officials of the Department of Telecom for violating rules while granting ...

Siemens jumps after open offer at Rs 930/share
German parent stake to go up 75%. Siemens Ltd share price zoomed after its German parent – Siemens AG – on Monday made a voluntary open offer to acquire 6.68 crore shares or 19.82 per cent at a price of Rs 930 a share (payable in ...

Core sector growth revs up to 6.6% in Dec
Crude oil, petro products, steel drive growth. Buoyed by a smart jump in the production of crude oil, petroleum refinery products and steel, the six key infrastructure industries' output growth recovered to 6.6 per cent in December 2010, after ...

Getting project clearances, a real concern: Kumar Mangalam Birla
After formally announcing the acquisition of the US-based Columbian Chemicals Company for $875 million by two overseas group companies of the AV Birla Group, the Chairman, Mr Kumar Mangalam Birla, spoke to Business Line about the acquisition ...

Markets will remain flat in 2011, says Merrill Lynch
Bank of America Merrill Lynch said on Monday that it expects stock markets to post flat returns in 2011 after two consecutive years of ...

Most Indian firms in Egypt continue normal operations
Most of the 300-odd Indian companies, having joint ventures or wholly-owned subsidiaries or offices in Egypt, have been continuing normal operations. On the seventh day of the unrest in the North African country, officials of several ...

Cotton export policy requires a new spin
Indiscriminate issue of quotas will be counter-productive over time. The cotton export quota allocation policy followed by the Directorate-General of Foreign Trade (DGFT) may be consistent with the country's liberalised trade policy of recent ...

Google offers $5-m support to Bharti's education project
Google on Monday announced a $5-million support to upgrade and support 50 elementary schools run by the Bharti Foundation — the philanthropic arm of ...

ITC to invest Rs 3,000-cr on greenfield plant in AP
Diversified conglomerate ITC Ltd is looking to acquire 1,000 acres of land to set up a mega Greenfield paper and paperboards factory adjacent to its existing one in Sarapaka village, Khammam, Andhra Pradesh. While the State Government gave ...