Financial Daily from THE HINDU group of publications
Thursday, October 06, 2005
Markets (October 5)
BL 2502489.73 (-14.64)
BSE Sensex8724.47 (-75.49)
S&P CNX Nifty2644.40 (-18.95)
US Dollar (Buy/Sell)44.24/44.37
Gold Std (10 gm)6720 (-20)


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Raising capital by banks — RBI mulls hybrid instruments
THE Reserve Bank of India is considering allowing banks to raise capital through hybrid instruments, other than equity and bond. Classifying preferential capital as Tier-I capital too may be considered, but Parliament has to amend the Banking ... More

Road operators to be compensated if hit by over Rs 1 cr
THE Government has cleared the last mile hurdle in the finalisation of the new agreement for handing over large road projects to the private sector on a build, operate and transfer basis. Road operators can now seek compensation only if their ... More

ICICI Bank, South Indian Bank to issue fresh equity
TWO banks on Wednesday announced plans for fresh issue of equity shares to raise funds to enhance their capital base. ICICI Bank Ltd, the second biggest bank in the country, announced that its board would meet on October 13 to consider fresh ... More

Network equipment vendors must have local production, says Maran
This is being done so as to ensure the quality, timeliness of delivery and after-sales service. More

Super-premium flats only for `handpicked' clients
HAVE money, will buy. Very soon, this maxim may not hold good in the real estate scene in the country. In what seems to be an unprecedented practice in the way super-premium homes are sold, the Bangalore-based Mantri Developers have built and ... More

Banks, FMCG, metal stocks in the red
MARKETS shed the buoyant sentiment of the past two trading days, with the Sensex ending 75.94 points (or 0.86 per cent) lower during the day's trading. The pronouncements by Standard & Poor's that interest rates may harden in India, weak trend in More

Northeast monsoon seen setting in early
MODEL projections indicate the build-up of favourable conditions for the onset of the northeast monsoon over Tamil Nadu and adjoining States by October 10, at least five days ahead of the normal. Speaking to Business Line, Dr Akhilesh ... More




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