The Hindu Business Line : Saturday, July 31, 2010

Insurers violating cashless mediclaim terms face fine
The Chairman of the insurance regulator Insurance Regulatory and Development Authority (IRDA), Mr J. Hari Narayan, said on Friday that action will be taken against insurance companies violating the terms of cashless health insurance policy ...

Satyam accounts restatement is Rs 50-cr windfall for audit firms
Mahindra Satyam may end up paying a huge fee for restatement of its book of accounts that were allegedly fudged by its former Chairman Mr B. ...

Book release: Mr Ratan Ta... PSU banks' mutual fund investments jump 44%
High returns with high liquidity is the attraction. State-owned banks are clearly getting more bullish on mutual funds going by their recent investment trend in ...

BPCL posts Rs 1,718-cr net loss on under-recoveries
Bharat Petroleum Corporation has reported a net loss of Rs 1,718.10 crore for the quarter ended June 30 compared to a profit of Rs 614.12 crore in the same period last ...

Tata Chem net zooms to Rs 216 cr on higher sales
Tata Chemicals reported that its net profit has grown five times to Rs 216 crore in the quarter ended June 30, against Rs 43 crore logged in the same period last year. Sales were up six per cent at Rs 2,477 crore (Rs 2,345 crore) in the ...

Mining: GoM for profit-sharing with land losers
The Group of Ministers on the new mining legislation has suggested setting up an effective mechanism to ensure that profits are shared by companies with land losers. Besides, it also favoured giving more powers to the regulatory authority ...

Magnificent Mary enters the sponsorship ring
GROWING BRAND EQUITY. After pugilist Vijender Singh's multi-crore endorsement deals, it's the turn of women's boxing sensation M.C. Mary Kom to step into the marketing arena, albeit on a modest ...

Inflation will come down to 6% by December, says Montek
Govt keen on more public-private projects in infrastructure sector. The current inflation situation is not comfortable, but will get down to around 6 per cent by December, the Deputy Chairman, Planning Commission, Mr Montek Singh Ahluwalia, said ...

Kharif sowing sees shift from oilseeds to pulses
Timely rains, promise of better prices lead the change. Farmers have shifted significant area under oilseeds this time to pulses because of more favourable price signals in the case of ...

Accenture, Mahindra Satyam, L1 Identity win UIDAI's biomentric project
The Unique Identification Authority of India (UIDAI) has selected three consortia led by Accenture, Mahindra Satyam-Morpho, and L1 Identity Solutions, to implement the core biometric identification system for the ‘Aadhaar' programme ...

More banks hike deposit rates
More banks announced they are raising interest rates on fixed deposits, following the increase in key policy rates by the Reserve Bank ...

Inflation– of various kinds
The Reserve Bank of India has declared a 3 per cent inflation goal. Why 3 per cent? Because it's near enough to the target of the European Central Bank and Bank of England? (Their's is 2 ...

IMD sees ‘bumper' rainfall in August-September
The India Meteorological Department (IMD) has maintained its forecast for ‘normal' rainfall during the ongoing South-West monsoon - quantified earlier as 102 per cent of the long-period ...