Financial Daily from THE HINDU group of publications
Tuesday, October 25, 2005
Markets (October 24)
BL 2502250.56 (-30.26)
BSE Sensex7920.80(-148.15)
S&P CNX Nifty2394.85 (-48.90)
US Dollar (Buy/Sell)45.15/45.28
Gold Std (10 gm)6860 (-5)



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Sensex sheds 148 points on buzz over rate hike
STOCK prices failed to maintain last Friday's momentum and surrendered their gains as the BSE Sensex slid by almost 150 points today fearing an interest rate hike by the RBI. Disappointing results from Ranbaxy and the weak Asian markets also ... More

Oil price to increase fiscal burden, warns RBI
THE Reserve Bank of India has repeated its warning that unless the Government passes on the increase in international oil prices to the domestic market, it will pose a significant risk to the country's fiscal situation. "The hike in ... More

BNP Paribas to buy 49.9 pc in Sundaram AMC for Rs 100 cr
Sundaram AMC has Rs 2,800 crore in `assets under management', about 60 per cent of which is in equity assets. More

Reliance Capital picks 14.81% stake in Kinetic Engineering
RELIANCE Capital Private Equity (RCPE), a division of Reliance Capital Ltd belonging to Anil Dhirubhai Ambani Enterprises (ADAE), is set to acquire a 14.81-per cent equity stake in 2-wheeler manufacturer Kinetic Engineering Ltd (KEL). The ... More

Fresh rain alert for Tamil Nadu, AP coast
NORTH Tamil Nadu and south coastal Andhra Pradesh are in line to get a hammering from waves of rain bands spawned by a fresh upper air cyclonic that took shape over the southwest Bay of Bengal on Monday. This system could well be the prelude ... More

We will take steps to rein in inflation: Chidambaram
A DAY ahead of the mid-term review of the Credit Policy, the Finance Minister, Mr P. Chidambaram, has said that the Government and Reserve Bank of India would take steps to keep inflation within moderate levels. He said that in the near term ... More

Wipro, HTMT offices on Hosur Road flooded
ONE of the offices of WiproLtd has been completely cut off because of heavy rains which caused flooding. The company today said it has put in place "a well-documented and tested disaster recovery, business continuity and contingency management ... More

Software majors turn in robust performance
FRONTLINE software companies have turned in a robust performance on the revenue and earnings front for the quarter ended September 30, 2005. A few key variables stand out in this earnings performance (see table): Financials The ... More

Ericsson to set up facilities in Chennai, Gurgaon — Rajasthan unit to make mobile base stations, switches
GLOBAL telecommunications major Ericsson will be setting up an R&D facility in Chennai as well as a Global Services Delivery Centre (GSDC) in Gurgaon as part of its expansion plan for the country that will run into "hundreds of millions of ... More

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