Financial Daily from THE HINDU group of publications
Saturday, October 08, 2005
Markets (October 7)
BL 2502432.39 (-9.28)
BSE Sensex8491.56 (-37.14)
S&P CNX Nifty2574.05 (-5.10)
US Dollar (Buy/Sell)44.33/44.47
Gold Std (10 gm)6835 (+95)

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FII outflow sparks demand for dollars — Re hits 10-month low
THE rupee slid to a near 10-month low against the dollar on Friday as import-related demand drove heavy buying of greenback. According to dealers, concerns of dollar strengthening against other major currencies and outflow of FII funds in the ... More

SBI to acquire 76 pc stake in Kenyan bank
STATE Bank of India is acquiring 76 per cent stake in Kenyan bank, Giro Commercial Bank, for $7 million, as part of its global expansion plans. This will increase SBI's footage in Africa, where it is already present in four countries, said Mr ... More

Reckitt swallows Boots' drug unit for $3.4 b — Agreement with Boots Piramal to continue: Swati Piramal
NPIL also markets two major Reckitt brands - Gaviscon to treat heartburn during pregnancy and Fybogel for constipation. More

Pawar to head agri reforms panel
Degradation of natural resources, particularly land and water, posed a major threat to the future production potential, Mr Pawar said. More

A lesson or two from Dragon Land for Sundram Fasteners
Sundram Fasteners says that it is a "myth" that China is cheaper than India. More

MS research focussed on emerging markets — Opens new facility in Bangalore, in tie-up with C-DAC, IITs
MICROSOFT Research India (MSRI), which opened its new facility in Bangalore on Friday, said that it has tied up with the Centre for Development of Advanced Computing (C-DAC) to carry out research on multi-lingual Web search, browsing and ... More

Costlier fuel pushes up inflation further
THE annual Wholesale Price Index-based inflation rose 3.97 per cent during the week ended September 24, accelerating from the previous week's annual rise of 3.75 per cent. The increase on the year-on-year inflation was largely on account of a ... More

Will these waits end by Monday?
People queuing for LPG cylinders in Guwahati on Friday. The shortage of LPG is making life difficult for the people in some regions of the country. The Petroleum Minister, Mr Mani Shankar Aiyar, had said in New Delhi the other day that the ... More

Rural connectivity: Low-cost tech leads the way
SMALL projects with low cost innovative technologies are making waves when it comes to rural communication. Be it the Warana project in Maharashtra or the Akshaya project in Kerala or DakNet, the huge success of these pilot projects is showing ... More

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