Financial Daily from THE HINDU group of publications
Saturday, October 22, 2005
Markets (October 21)
BL 2502280.82 (+32.61)
BSE Sensex8068.95(+133.83)
S&P CNX Nifty2443.75 (+48.30)
US Dollar (Buy/Sell)45.00/45.14
Gold Std (10 gm)6820 (-25)



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FII inflows here to stay: Chidambaram
`20 pc jump in FDI'

THE Finance Minister, Mr P. Chidambaram, today allayed fears of possible large-scale pullout of portfolio investments by foreign institutional investors (FIIs) and expressed confidence that the country would continue to get large inflows. "If ... More

Sensex bounces back with 134-pt gain
STOCK prices rose on Friday reversing a three-day decline as value buying and statement by the Finance Minister, Mr P. Chidambaram, that foreign investors would continue to invest in India, buoyed sentiment. The relaxation of foreign investment ... More

Ranbaxy Q3 net down 90% on pricing pressure
DOWNWARD pricing pressure in the key US market has eroded the net profits of Ranbaxy Laboratories Ltd and its subsidiaries, which witnessed a 90.8 per cent dip in net profit during the third quarter of the current year. Net profit fell to Rs ... More

Godrej Consumer Products Q2 net up 60 pc
GODREJ Consumer Products Ltd (GCPL) has reported 60 per cent increase in profit after tax at Rs 27.81 crore for the quarter ended September 2005, from Rs 17.43 crore in the year-ago period. Mr Adi Godrej, Chairman and Managing Director, said: ... More

`SEBI taking steps to make capital market safe for investors'
THE Securities and Exchange Board of India (SEBI) is working on a series of steps, including permitting short selling of securities by institutions, increasing the positions limit for derivatives and stricter regulation of mutual fund ... More

Mining sector pulls down IIP to 7.4 pc in Aug
NEGATIVE growth in the mining sector during August has pulled down the overall growth in industrial production to 7.4 per cent against 8.6 per cent in August 2004, according to an official release. On a cumulative basis, however, the Index of ... More

Left to take Govt to task for hike in telecom FDI cap
THE Left parties on Friday said that they would take the Government to task for hiking telecom FDI cap ignoring their concerns about the country's security. The Left parties resolved to step up their opposition both inside and outside ... More

Inflation up on costlier manufactured goods
INFLATION rose to 4.62 per cent during the week ended October 8 from 4.24 per cent a week ago, mainly due to hike in prices of essential food items and manufactured products. Seasonal factors may have led to rise in inflation to 4.62 per ... More

Infosys lists land use, jobs created
SOFTWARE major Infosys Technologies Ltd placed facts in the public domain on Friday to counter the recent charges levelled by the former Prime Minister and Janata Dal (S) supremo, Mr H.D. Devegowda. Mr Gowda had questioned the "indiscriminate ... More

Airtel bets on mobile gaming
HERE is an Olympic Games for the geeks. For mobile gamers in India, the World Mobile Gaming championships has been included this year as part of the World Cyber Games providing an opportunity to take on the best in the world. In India, Airtel ... More

Cisco plans $50-m R&D campus
ON the last leg of his three-day India tour, the President and CEO of Cisco Systems, Mr John Chambers, announced plans to invest $50 million in a new integrated research and development campus in Bangalore which will also house its local sales ... More

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