Financial Daily from THE HINDU group of publications
Wednesday, August 31, 2005
Markets (August 30)
BL 2502351.32 (+2.27)
BSE Sensex7745 (+110.57)
S&P CNX Nifty2367.75 (+30.10)
US Dollar (Buy/Sell)43.99/44.42
Gold Std (10 gm)6280 (-25)

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Bank deposit rates need to be raised: Rangarajan
THE Chairman of the Prime Minister's Economic Advisory Council, Dr C. Rangarajan, today called for upward adjustment in the rate of interest offered on deposits of banks. The former Reserve Bank of India Governor called for a review of the ... More

Sensex rises 110 points as global markets recover
RECOVERY in global equity markets helped Indian shares to rebound in today's trading with the Sensex gaining more than 100 points. However, the rupee breached the 44-mark against the US dollar on worries of rising oil prices. Stocks opened ... More

Janakiraman Mills case: I-T Dept to move SC, says Chidambaram
THE Finance Minister, Mr P. Chidambaram, on Tuesday said in the Lok Sabha that the Income Tax Department would move the Supreme Court in appeal against the Madras High Court judgment on April 29, in the case of Commissioner of Income Tax vs ... More

Rail tickets through Net: Panel favours more payment options
WITH an aim to popularise rail ticket booking through the Internet, a Parliamentary Committee has asked the Railways to make available more payment options such as cash cards across a well spread out network. At present, the payment mechanism ... More

TTD to log on to e-commerce for procurements
SIX months after the Tirupati Tirumala Devasthanam (TTD) got onto the national and international commodity highway, Tirupati is becoming increasingly technology savvy and e-commerce friendly. The introduction of JRG Wealth Management Company's ... More

`PSB mergers cannot be put off for too long'
KEEPING alive the debate on merger of public sector banks, the Finance Minister, Mr P. Chidambaram, today said that consolidation among the government-owned banks could be round the corner. "Consolidation will come. It's an idea whose time has ... More

Race for BSNL's ILD contract may hot up — Domestic cos vying with foreign majors
France Telecom, Telecom Italia and FLAG Telecom have expressed interest to participate in the global tender floated by BSNL for offering international bandwidth. More

Coffee output may be hit on dropping
HEAVY monsoon rains leading to dropping of coffee buds are likely to result in a lower than anticipated crop next season beginning October. The Coffee Board, in its post-blossom forecast for 2005-06 season, had projected the production to be ... More

From drawing board to vehicle rollout — Ashok Leyland to leverage multiple tech
ASHOK Leyland plans to reduce time-to-market - from drawing board to a vehicle roll out - of new products to around 15 months from the present 18-36 months by leveraging multiple technologies, said a company official. "That's our target ... More

`Katrina' had class-matchers in Bay of Bengal
MONSTER hurricane Katrina has had category-matching forerunners in the Bay of Bengal in the not-so-distant past. A double wall-eyed ogre downgraded to Category-4 on making landfall, Katrina is feared to have ravaged oil and gas platforms as it ... More

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