Financial Daily from THE HINDU group of publications
Sunday, October 16, 2005



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Govt may allow contract labour in IT, select sectors — Excluded industries may be placed in a separate schedule
IN a move that can completely transform the Indian labour market, the Government is planning to exempt certain industries such as information technology, transport, construction and maintenance of buildings, roads and bridges, and many others, ... More

SEBI effect: Small-cap, penny stocks lose steam, fall 50 pc
PRICES of several small-cap and penny stocks, which were driven up during the July-September bull rally, have fallen sharply in the last few weeks. This follows the SEBI action against some promoters and companies for manipulating stock prices ... More

Bajaj Auto Q2 net up 61 pc on vehicle sales
BAJAJ Auto Ltd (BAL) has reported a 61.63 per cent growth in net profit for the quarter ended September 30, 2005, at Rs 290.81 crore, from the previous corresponding Rs 179.92 crore. At the same time, its net sales and income from ... More

Bank boards must ensure effective operational risk management: RBI
BANKS should identify and introduce operational risk management as an independent risk management function across all departments. In a guidance note issued on Saturday, the Reserve Bank of India has put the onus of effective management of ... More

Refco's Indian arms told not to increase market exposure
TWO Indian affiliates of Refco, the troubled global financial services firm, have been asked by Indian stock exchanges not to increase their exposure both in the capital and derivative segments of the market. These two affiliates — Refco ... More

OVL, ONGC Mittal seek specific reserved blocks in Nigeria
THE Oil and Natural Gas Corporation (ONGC)-L.N. Mittal Group combine and ONGC Videsh Ltd (OVL) have sought specific exploration and production (E&P) blocks in Nigeria. At a recent meeting with a high-level Nigerian delegation here, a proposal .. More

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