Financial Daily from THE HINDU group of publications
Saturday, August 20, 2005
Markets (August 19)
BL 2502422.76 (-0.29)
BSE Sensex7780.76 (-30.57)
S&P CNX Nifty2383.45 (-5)
US Dollar (Buy/Sell)43.54/43.67

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BSE Ltd may rope in strategic investors, weighs IPO option
THE Bombay Stock Exchange (BSE), Asia's oldest stock exchange, today transformed itself into a corporate entity from a being a brokers' association. In its new avatar, BSE Ltd has plans to bring aboard strategic investors and possibly go in for ... More

Chidambaram sees no change in interest rates
THE Finance Minister, Mr P. Chidambaram, has hinted that interest rates would continue to remain stable, and attributed the dip in inflation to the good management of money supply by the Reserve Bank of India. "I don't expect any change (in ... More

Indian IT managers among lowest paid in the world: Mercer survey
THE information technology sector may be among India's top paymasters, but IT managers in India are among the lowest paid in the world, according to a new survey by Mercer Human Resources Consulting. IT managers — defined as those who ... More

IT mid-cap: When FIIs smell the money...
WHEN a deal is round the corner, bet on institutional investors to smell the money. A study by Business Line of M&A (merger and acquisition) activity in mid-cap software companies shows that select FIIs (foreign institutional ... More

Soaring global oil prices — Essar Oil cuts supplies to franchisees
When contacted, an Essar Oil spokesperson confirmed that the company was compensating its franchisees, but refused to share details of the agreement. More

Mobile First Alliance: Little left of it as three partners exit after being acquired
THE Mobile First Alliance — a consortium between BPL Mobile, Escotel, RPG Cellular and Spice Telecom — has been laid to rest with three of the four partners being acquired by larger operators. The Alliance was formed in March 2003 ... More

`Inadequacies in petro price mechanism will hurt economy'
IF distortions and inadequacies in the petroleum price mechanism and its existing tax structure are not corrected, the resultant chaos will hurt the economy in the long run, says a paper brought out by the Associated Chambers of Commerce and ... More

Monsoon stays vigorous in East
THE South-West monsoon continued to be vigorous in the East as was evident from the fairly widespread rainfall with scattered heavy to very heavy rainfall recorded in Assam, east Uttar Pradesh, north of Bihar (Nepal), and Chhattisgarh during the ... More

Beware of colourful ready-to-eat foods: study
THE growing demand for ready-to-eat (RTE) foods in the country has thrown up a new problem. In an effort to make food items appealing, the use of synthetic colours has gone up. If you consume excessive synthetic colours, even if they are ... More

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In Depth

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