Financial Daily from THE HINDU group of publications
Tuesday, October 18, 2005
Markets (October 17)
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Bombay HC sets aside sale of NTC land
The court ruled that of the total mill land, one-third should go to the State for low-cost housing, one-third for developing open public spaces and one-third for commercial activities by mill owners. More

Stocks of cos owning real estate in Mumbai fall
STOCK prices of companies, which own huge real estate in Mumbai, fell sharply following the Bombay High Court's judgment setting aside the sale of National Textile Corporation (NTC)'s land in the city. Brokers and analysts turned cautious ... More

Food processing industry taxation structure to be reviewed
THE Government intends to undertake a review of the taxation structure relating to the food-processing industry. This is in view of the demand from the major players in this sector for a lower tax burden and also to reflect the fast paced changes ... More

HDFC Bank Q2 net up 31 pc on retail surge
HDFC Bank has posted 31.09 per cent growth in net profit at Rs 199.64 crore for the second quarter ended September, against Rs 152.29 crore in the corresponding previous period, aided by high growth in retail loans and increase in net interest ... More

Mobile network congestion worsening: TRAI
MOBILE users can expect frequent call drops and poor quality of voice as there has been an increase in the number of cities where the levels of network congestion are twenty times more than the specified standards. According to a report ... More

Fall-out of fiscal responsibility Act, tougher compliance norms — State Govts going slow on bond issues this year
FACED with tight fiscal compliance norms and intense surveillance by regulators, issuance of State Government guaranteed securities have reduced to a trickle. This year no figures are out, but bankers confirmed that the number of bond issues ... More

Fund houses line up slew of FMP schemes
IT will soon rain fixed maturity plans for those who invest in mutual funds. A number of fund houses have mooted what are essentially close end schemes that will invest in debt securities. The plans, none of which will guarantee returns, are ... More

Cisco to focus on intelligent network
THE President and CEO of Cisco Systems, Mr John Chambers, will be visiting India from October 19-21. He will be meeting with Ministers, senior Government officials, and leaders of Indian industry in Delhi, Mumbai, and Bangalore. In an e-mail ... More

Deve Gowda seeks details of land allotted to IT cos — Infosys' request for 845 acres for centre is the trigger
THE Chairman of Infosys, Mr N.R. Narayana Murthy, and the former Prime Minister, Mr H.D. Deve Gowda, appeared headed for a confrontation over Bangalore's infrastructure issues. The industry, however, doesn't seem keen on taking sides this time. ... More

`Salaries fast outpacing job skills'
With the second wave of tech outsourcing emerging, human resources in the category of two to five years, who constitute a majority of the workforce, have taken the centre stage. More

Bay warming up again, rains to drive up east
THOUGH bolstered by the formation of a fresh cyclonic circulation over south-central Bay of Bengal on Monday, the northeast monsoon is now matched only by an equally engaging sidelight in which an invading extra-tropical system is driving the wet ... More




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