Financial Daily from THE HINDU group of publications
Thursday, October 13, 2005



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20 sugar, cement, paper projects likely to trade carbon — Methodologies for fly-ash mixing, power generation from bio-residues cleared
TWENTY Indian projects from the sugar, cement and paper and pulp sectors, seeking to trade carbon, are likely to be registered soon at the United Nations Framework Convention on Climate Change (UNFCCC) with the Clean Development Mechanism (CDM) ... More

Infosys Q2 net rises 36 pc
INFOSYS Technologies Ltd, which crossed the billion-dollar revenue mark in fiscal 2004, will turn into a multi-billion entity by end-fiscal 2006. A strong volume growth backed by an improved pricing scenario helped the second largest software ... More

TCS net moves up to Rs 694 cr
TATA Consultancy Services (TCS) has reported a net profit of Rs 693.71 crore for the quarter ended September 30, 2005, against Rs 574.76 crore in the year-ago period. The strong performance came on the back of a 22 per cent growth in its ... More

UK court restricts launch of Ranbaxy's cholesterol drug — Pfizer says ruling will protect UK turf from generic competition
THE United Kingdom High Court of Justice today restricted Ranbaxy Laboratories Ltd from launching early its generic version of Pfizer's cholesterol reducing drug, Lipitor, in the UK. The court upheld the exclusivity of the main patent covering ... More

IA to raise domestic fares by 10 pc from October 18
INDIAN Airlines (IA) has announced that its domestic airfares would go up by 10 per cent from October 18. In a statement, the airlines has said that there would also be a proportionate increase in all special fares including the promotional, ... More

US IT sector seeks hike in cap for H1B visas
`The inability to hire enough skilled talent born outside the US - many of whom have been educated in US institutions of higher education - harms the ability of the US to compete in an increasingly global economy.' More

GAIL shifts from cheques to e-payment
The Central Vigilance Commissioner has noticed the GAIL experiment with 100 per cent e-payments along with its obvious advantage of transparency. The CVC has now held this as a model for other PSUs to follow. More

Reliance in talks with Woodside of Australia for oil, gas imports
AFTER GAIL's announcement that it is planning to invest $500 million in Australia's energy fields, it is now the turn of the largest domestic private sector energy company, Reliance Industries Ltd (RIL), to look at that country. Reliance is in ... More

Twin-engined reverse monsoon in top gear
THE northeast monsoon has undergone a dramatic transformation with the east-west shear zone, the hotbed of monsoon turbulence in the Southern peninsula, getting elongated and held point-to-point by active low-pressure systems on either flank. ... More

`Over 400 officers opt for absorption in BSNL, MTNL' — Telecom officers' association contests claim
EVEN as the tussle between the Government and Indian Telecom Service Association (ITSA) threatens to cast an uncertainty over the functioning of telecom services in the country during this festival season, the Department of Telecom (DoT) on ... More

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