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Friday, October 29, 2004

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ONGC gains from high oil prices; net up 20 pc in Q2
HIGH global crude prices lifted the profitability of Oil and Natural Gas Corporation (ONGC) during the second quarter of the current fiscal ended September 30. ONGC's profit after tax rose 20 per cent while its turnover rose 34.6 per cent during ... More

HLL posts lower net at Rs 324 cr
HINDUSTAN Lever Ltd (HLL) on Thursday reported a lower net profit of Rs 324.32 crore for the quarter ended September 30, 2004, as against the previous corresponding period's Rs 443.22 crore. The company's net sales amounted to Rs 2,401.14 ... More

Infosys asks German SEs to stop `unauthorised' ADS trading
SOFTWARE major Infosys Technologies Ltd has asked several German stock exchanges to delist and stop the illegal trading of its American Depository Shares (ADS) immediately. The company on Thursday said it had recently learnt of the ... More

Govt plans to sell 10 pc stake in Rashtriya Chem
AFTER the resounding success of NTPC's initial public offer, the Union government is considering selling 10 per cent stake in Rashtriya Chemicals and Fertilizers Ltd (RCF) in the open equities market. According to sources, Mr R. Poornalingam, ... More

DTH players should compete on service, not content: TRAI
IN an attempt to boost direct-to-home (DTH) services and promote competition, the Telecom Regulatory Authority of India (TRAI) has suggested that content must be made available freely and on a non-discriminatory basis. In its draft ... More

`IBM has big plans for India'
IBM's Chief Executive and Chairman of the board, Mr Samuel J. Palmisano, on Thursday met the Minister for IT and Communications, Mr Dayanidhi Maran, and discussed the company's expansion plans for India. "They (IBM) have a lot of plans. Ours ... More

IFC may pick up stake in Cosmo Films
INTERNATIONAL Finance Corporation is likely to pick up a stake in the New Delhi-based Cosmo Films Ltd. IFC is expected to invest $ 4 million (about Rs 18.5 crore) in the equity of the company. The company's Executive Director, Mr S.K. ... More

Oil price spurt largely speculative: Chidambaram
ADMITTING that the high global crude prices was a matter of concern for the Government, the Finance Minister, Mr P. Chidambaram, on Thursday said the spurt in oil prices was largely speculative in nature and there was no justification in crude ... More

Bourses maintain firm trend
THE overnight drop in international crude oil prices and a consequent bounce in the global equity market had a positive impact on domestic sentiment. Both the Sensex and the Nifty opened with an upside gap in relation to the previous day's ... More

Senior citizens savings scheme coverage extended
THE Union Government has extended the coverage of the Senior Citizens Savings Scheme to individuals who have already retired. Retired individuals who have so far not opted for the scheme can now invest in it before November 26 this year i.e. ... More

Now, a gas cooperative in Anand
THE first cooperative movement here gave birth to the white revolution in the country. But the enterprising Patel community of Anand in Gujarat is not one to rest on past laurels and has identified natural gas as the next big opportunity. In ... More




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