Financial Daily from THE HINDU group of publications
Friday, October 21, 2005
Markets (October 20)
BL 2502248.21 (-23.29)
BSE Sensex7935.12 (-35.94)
S&P CNX Nifty2395.45 (-17.00)
US Dollar (Buy/Sell)45.16/45.29
Gold Std (10 gm)6845 (-85)



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Sugar industry sees extended party time — Almost 50 pc rise in production likely
LOOKS like the party for the sugar sector will continue this season and may extend in to the first half of the next season too. An almost 50 per cent rise in sugar production, firm global and domestic prices and better capacity utilisation of the ... More

FDI in telecom: Foreign holdings in PSBs, FIs not part of 74 pc cap
THE Union Cabinet today made it clear that the foreign holdings in public sector banks and financial institutions, having a stake in telecom companies, will not be considered as foreign direct investment in the telecom sector. The matter had been ... More

Bangalore infrastructure issues — Narayana Murthy quits as BIAL Chairman
BANGALORE'S much politicised infrastructure imbroglio today took its toll with Mr N.R. Narayana Murthy resigning as the Chairman of Bangalore International Airport Ltd. The Infosys Chief Mentor, in his letter to the Karnataka Chief Minister, Mr ... More

DD to telecast Sri Lanka, S. Africa series
CRICKET fans will be able to watch on Doordarshan the live action from the one-day international matches (ODI) when Sri Lanka and South Africa tour India in the forthcoming weeks. The decision to award the telecast rights to the public ... More

Zee not eligible: BCCI
THE BCCI on Thursday informed the Delhi High Court that it had opened technical bids for the award of four-year telecast rights to matches played in India and found that Zee Telefilms was not eligible to participate in financial bidding. Zee ... More

`Rate hike on the cards'
BANKERS are bracing for a hike in reverse repo rates when the Reserve Bank of India announces its peak season Credit Policy next week. This would pave the way for higher interest rates in the economy, top-level bankers said. Reverse repo is the ... More

Satyam closer to $1-b mark — Q2 net up 34 pc; revises outlook upwards
SATYAM Computer Services Ltd has recorded total revenues of Rs 1154.97 crore and a net profit of Rs 237.34 crore for the second quarter ended September 30, 2005. This reflects a growth of 9.09 per cent in revenues and a 24.78 per cent increase ... More

Satyam: More deals likely on better visibility, presence in Europe
Satyam Computer Services Ltd indicated the possibility of deals in the $100-500 million range, given the success of its outsourcing model and increased visibility and presence in Europe. The Chairman, Mr. B. Ramalinga Raju, said this was ... More

TCS buys Australian firm for Rs 117 cr
TCS has acquired Financial Network Services (FNS), a Sydney-based core banking solutions vendor, for $26 million (Rs 117 crore). FNS, TCS's first major international acquisition, is great value as well as strategic in nature, said Mr S. ... More

Fresh cyclonic circulation over Bay by weekend
THE wet conditions in the contiguous meteorological subdivisions of Coastal Andhra Pradesh, Tamil Nadu and Pondicherry are tipped to spill over into the next week with a rain alert being mounted for a third day on a trot. In its forecast on ... More

Markets retreat from day's high but later recover from low levels
THE stock market recovered smartly today during the last hour of the trading session led by gains in the frontline IT stocks and some metals stocks. According to analysts, the rising dollar against rupee provided an opportunity for greater ... More

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