Financial Daily from THE HINDU group of publications
Thursday, September 01, 2005
Markets (August 31)
BL 2502367.69 (+16.37)
BSE Sensex7805.43 (+60.43)
S&P CNX Nifty2384.65 (+16.90)
US Dollar (Buy/Sell)44.12/44.26
Gold Std (10 gm)6250 (-30)


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TCS, Infosys likely to bag $1.2 b ABN Amro outsourcing deal
Global IT giants Accenture Ltd and IBM were among the front-runners as primary vendors for the infrastructure part of the mega services contract. This mega deal is said to be one of the largest in Europe from a major bank in recent years. More

Listing in domestic exchanges made mandatory for cos issuing GDRs
THE Finance Ministry has made it mandatory for unlisted companies that have raised funds from the overseas markets through the Global Domestic Receipts (GDRs) or Foreign Currency Convertible Bonds (FCCBs) route to list on the domestic stock ... More

Rupee touches 8-month low
THE rupee fell against the dollar for the third day in a row and touched a new low that was seen last in December 2004, as demand by oil companies pushed up the dollar. The rupee opened at 44.05/07 and rose to 44.03/04 as there were good ... More

Projects seeking to sell carbon credits racing against deadline
TIME is running out. Several Indian projects seeking to sell carbon credits may lose out on revenues if they are unable to get their projects registered at the United Nations Framework Convention on Climate Change (UNFCCC) by December this year. ... More

Expert panel for de-branding of some drugs
The panel has recommended fixing a ceiling on the retail price of formulations, asking doctors to prescribe only generic drugs and pre-negotiating the price of patented products. More

Delhi Govt okays rollback of power tariff hike
THE Delhi Cabinet on Wednesday approved a rollback of the 10 per cent power tariff hike following unprecedented protest by citizens' groups against the move. This is the first time that a tariff hike allowed to private distribution companies ... More

Volkswagen committed to setting up plant in AP, says CM
VOLKSWAGEN AG is committed to setting up a car manufacturing plant in Andhra Pradesh, said the Chief Minister, Dr Y.S. Rajasekhara Reddy. The project has been dogged by a payment scandal involving a former representative of the auto major in ... More

Cyclonic air circulation brings rain to South
TUESDAY'S upper air cyclonic circulation over southeast Tamil Nadu and adjoining southwest Bay of Bengal has churned its way overnight towards west-central Bay off the south coastal Andhra Pradesh coast bringing moderate rain to the peninsula. ... More

Hurricane effect: US may face energy crisis
THE after-effects of Hurricane Katrina could leave the US facing a severe energy crisis because of imminent supply disruption in an already tight market. Experts are coming around to the view that demand compression or demand destruction alone ... More




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