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Tuesday, January 25, 2005

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Foodgrain output seen at 206.39 mt on rabi turnaround
A TURNAROUND in the rabi season has seemingly helped the country to weather this year's kharif setback arising from poor monsoon rains. Accordingly to the Agriculture Ministry's Second Advance Estimate of production for 2004-05 released here ... More

Sensex sheds 77 points
THE markets on Monday started a new week of trading on the same note of volatility seen last week. Trading started smartly but the indices could not sustain the trend and plunged in the red for most of Monday's trading session. The Sensex ... More

Maruti Q3 net zooms 70 pc
DESPITE pressure from rising costs of key raw materials, passenger car leader Maruti Udyog Ltd on Monday announced a 70.3-per cent jump in net profit to Rs 239.66 crore in the October-December 2004 quarter compared with Rs 140.75 crore in the ... More

Lukewarm response to Actis' offer for Swaraj Mazda stake
PRIVATE equity investor Actis has received a lukewarm response to its open offer to pick up 25 per cent stake in Swaraj Mazda Ltd (SML). Sources said that following the open offer, which closed on January 17, Actis has been able to raise its ... More

TRAI show-cause to Hutch, BPL for not submitting separate accounts
THE Telecom Regulatory Authority of India (TRAI) on Monday issued show-cause notices to Hutchison, BPL and Shyam Telelink for not submitting separate audited accounts. The telecom regulator had asked all telecom service providers to submit ... More

Indian Hotels net doubles in Q3
A STRONG growth in average room rents and occupancies helped The Indian Hotels Company Ltd (IHCL) post a 111 per cent growth in net profit at Rs 35 crore in the third-quarter ended December 31, 2004, against Rs 16.60 crore in the corresponding ... More

Relief for exporters sourcing indigenously
EXPORTERS looking to undertake indigenous sourcing of inputs or capital goods under various export promotion schemes may have reason to cheer. As part of its efforts to bring down transaction costs, the Department of Commerce has now held that ... More

Dip in December garment exports
THE maximum utilisation of textile product quotas till November 2004 in certain categories and some ban clamped on a few categories have together caused the garments exports to decline both in volume and in value from India during the final month ... More

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