Financial Daily from THE HINDU group of publications
Thursday, July 21, 2005
Markets (July 20)
BL 2502295.90 (+1.55)
BSE Sensex7342.89 (-3.74)
S&P CNX Nifty2241.90 (+4.60)
US Dollar (Buy/Sell)43.48/43.61
Gold Std (10 gm)6000 (+5)

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Overheated equity market — Mutual funds keen to restrict inflows
Fund managers say the launch of several mid cap and flexible cap funds resulted in too much money chasing too few "good quality" mid cap stocks in the market. More

BPL Mobile in Rs 4,400-cr deal with Hutchison Essar — The biggest M&A in Indian telecom space
MR Rajeev Chandrasekhar, Chairman & CEO of BPL Mobile, along with his co-investors, have entered into an agreement with Hutchison-Essar to sell their 64 per cent stake in the flagship BPL Communications Ltd in all cash deal with an enterprise ... More

`New pension subscribers may have option of investing 100 pc in G-sec'
THE interim Pension Fund Regulatory and Development Authority (PFRDA) has suggested that subscribers to the New Pension System (NPS) be given the option of the safest-of-the-safe scheme where 100 per cent of the corpus would be invested in ... More

BMW seeks FIPB nod for $40-m plant in TN
BMW group, the German automobile major, has sought FIPB permission to set up a modern plant at Chingleput in Tamil Nadu at an investment of around $40 million. The company would be taking the wholly owned subsidiary route for setting up the ... More

Jet Airways Q1 net up 84 pc
IMPROVED seat factor, double-digit growth in the number of passengers carried, and higher aircraft utilisation and productivity have helped Jet Airways post first-quarter net profit of Rs 95.34 crore, a growth of 84 per cent over Rs 51.96 crore ... More

Households giving less importance to financial savings: Study
THE major trend in household savings over the past decade has been a decrease in the relative importance of financial savings as compared to physical savings. According to data recently released by the CSO, financial savings accounted for ... More

Tea industry worried over rising imports; Vietnam major supply source
TEA imports during January-April this year have increased by over 25 per cent compared with the same period last year, causing concern to the domestic tea plantation industry. According to Upasi, imports during January-April 2005 stood at 5.72 ... More

VAT slows down auto sales
AUTO sales had lost momentum during the first six months of 2005. Not only have two months in the period - February and June - seen a dip in domestic sales vis--vis the same period last year, the overall production during the period ... More

Harry Potter sets online sales market on fire
THE magic of Harry Potter has transcended the barriers of the wizard world to cast a spell on the Indian e-commerce market and set the cash registers ringing. Leading e-commerce players such as and Fabmall have been busy over the last ... More

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