The Hindu Business Line : Sunday, October 23, 2005

Karat: Ready to discuss opening up FDI in retail
THE Communist Party of India (Marxist) has said that it is open to the idea of having discussions with the Government on the controversial issue of opening up foreign direct investment (FDI) in retail trade. "When we resume talks (under the ... More

Banks account for bulk of equity market mobilisation
OVER the past decade, the banking segment has remained the single largest consumer of capital from the domestic markets. Out of every Rs 100 invested in capital offers, at least Rs 40 would have been invested in a bank. That is, barring ... More

Cash deals above Rs 10 lakh to come under lens
RBI plans system for banks to report suspicious transactions
THE Reserve Bank of India is in the process of prescribing a system for banks to regularly report cash transactions above Rs 10 lakh or any other suspicious transactions to the Financial Intelligence Unit of India. Mr Anand Sinha, Chief ... More

Ashok Leyland Q2 net up 74% at Rs 75 cr
ASHOK Leyland has reported a 37 per cent increase in sales and a 74 per cent rise in net profit for the second quarter of the current year. The company's turnover stood at Rs 1,441.19 crore compared to Rs 1,047.04 crore for the corresponding ... More

RBI against gold imports as personal baggage
`It may become another source of money laundering'
CONSENSUS may be evolving among official circles on a fresh round of liberalisation of the gold import policy, but as a personal baggage it appears to be too heavy for the Reserve Bank of India to handle. According to official sources, the RBI ... More

UltraTech Cement posts profit in Q2
ULTRATECH Cement Ltd has reported a net profit of Rs 8 lakh for the second quarter ended September 30. The company had reported a net loss of Rs 2.29 crore during the corresponding year-ago period. The results for the quarter under ... More

Govt decides to import onions
THE Government announced on Saturday that it has decided to import onions through the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) to protect consumers interest. This move comes in the wake of the increase in prices ... More

'Onion prices to stay firm till mid-Nov'
THERE may be no let up in the spiralling onion prices till mid-November as fresh inflows in Maharashtra are expected to gain momentum only by then. The prices of onion (wholesale) at the Vashi wholesale onion market are now ruling higher at Rs ... More

Infosys contribution nothing compared to other IT cos: Gowda
CONTINUING his tirade against the Infosys Chief Mentor, Mr N.R. Narayana Murthy, the former Prime Minister and Janata Dal (S) chief, Mr H.D. Deve Gowda, on Saturday sought to belittle the IT major's contribution to the sector. "Its (Infosys) ... More