The Hindu Business Line : Friday, October 14, 2005

ICICI Bank Q2 net up 31% at Rs 580 cr — Fee income, retail assets drive profit growth
ICICI Bank has posted a net profit of Rs 580 crore for the quarter ended September 30, 2005, up 31 per cent from Rs 442 crore posted in the corresponding quarter last year due to the high growth in fee income and retail assets. Total income ... More

ICICI Bank looks to raise Rs 7,000 cr from public, ADS issues
ICICI Bank is planning to raise Rs 7,000 crore additional equity through a combination of American Depositary Shares (ADS) and domestic public issues, with a greenshoe option of 15 per cent. The board of directors approved the public issue at a ... More

Sensex slides 165 pts; tech stocks worst hit
WEAK international equity markets and a depreciating rupee against the US dollar depressed sentiment as BSE Sensex fell sharply by over 165 points. Technology stocks were the worst affected in Thursday's trading and they led the fall. Good ... More

BP-HPCL to form 50:50 joint venture — Rs 12,000-cr Bhatinda refinery to be major project
HINDUSTAN Petroleum Corporation Ltd (HPCL) today signed an agreement with BP plc (formerly known as British Petroleum) to form a 50:50 strategic joint venture partnership that would operate in the oil refining and marketing sector in India. ... More

Oil marketing cos to buy bio-fuel at Rs 25 a litre — Ministry issues fiat as part of new purchase policy
To begin with, 5 per cent non-edible oil from Jatropha/Pongamia (bio-diesel) will be mixed with diesel during trial runs. More

Tech cos set to become largest employers in pvt sector
INDIAN tech services companies are poised to become the country's largest employers in the private sector. The end of the second quarter this fiscal saw TCS crossing the 50,000-mark in employment with 53,329 people on its rolls. "This makes ... More

Low pressure persists; landfall may be delayed
THE northeast monsoon has had a productive session during the last 24 hours ending Thursday morning, with the rain-driving systems by the peninsular flanks displaying contrasting levels of maturity. The low-pressure area over southwest Bay of ... More

Telecom cos set to cash in on gaming
AFTER ringtones, cool wallpapers and MMS, mobile gaming seems to be the next big business with telecom service providers claiming that the demand for such games is on the rise. According to market research by In-Stat/MDR, the Indian mobile ... More