Financial Daily from THE HINDU group of publications
Wednesday, July 27, 2005
Markets (July 26)
BL 2502331.81 (+6.53)
BSE Sensex7552.77 (+47.17)
S&P CNX Nifty2303.15 (+11.40)
US Dollar (Buy/Sell)43.44/43.57
Gold Std (10 gm)6050

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First quarterly review of Monetary Policy — RBI hikes risk weights on loans for real estate, capital markets
TO check unrestricted flow of bank funds to real estate and capital markets, the Reserve Bank of India has increased the risk weights for banks' outstanding exposure to these sectors from 100 per cent to 125 per cent with immediate effect. ... More

Key interest rates unchanged
IN its first quarterly review of the Monetary Policy, the Reserve Bank of India has left key parameters — bank rate, repo rate, and cash reserve ratio — unchanged. According Dr Y.V. Reddy, RBI Governor, the current assessment of the ... More

Outsiders instigated labour unrest: Honda management
HONDA Motorcycles and Scooters India (HMSI) on Tuesday alleged that the violence that had taken place close to its plant at Gurgaon was instigated by "outside forces" who had "misled" their workers. "Over the last month, we have been ... More

Violence continues for second day at Gurgaon
WITH violence continuing for the second day on Tuesday at Gurgaon between protesting workers of Honda Motorcycles & Scooters India (HMSI) and the local police, the situation has gone beyond a mere labour dispute to assume wider political and ... More

Bengal tea workers' stir ends as unions settle for productivity-linked wages
THE fortnight-old tea strike in West Bengal ended on Tuesday after a historic productivity-linked tripartite wage agreement was signed between the trade unions, owners and the State Government on Monday night. The agreement has set tea plucking ... More

Panel gives go-ahead for Pension Bill — Suggests 26-pc FDI cap, ban on investments abroad
PENSION reforms are finally set to roll ahead. The Standing Committee on Finance that was studying the Pension Fund Regulatory and Development Authority (PFRDA) Bill, 2005, has given its go-ahead for the introduction of the Bill in Parliament ... More

Bharti Q1 net at Rs 510 cr; customer base up 57 pc
BHARTI Tele-Ventures Ltd has reported a 70 per cent growth in its net profit to Rs 510 crore for the first quarter ended June 30, 2005. As per the US GAAP (United States Generally Accepted Accounting Principles) consolidated results announced ... More

Bay `low' moves inland with rain belt in tow
MONDAY'S well-marked low-pressure area over northwest Bay of Bengal off the Orissa-West Bengal coast persisted, and moved inland to position itself over Orissa and its neighbourhood late on Tuesday afternoon. The system, not yet upgraded to a ... More

Rains wreak havoc in Maharashtra
TORRENTIAL rains in the Konkan region of Maharashtra have claimed 28 lives so far and disrupted rail, road and air traffic. Mumbai city has also been badly hit. About 5,000 people have been shifted to safer places in the Konkan region. More ... More

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