Financial Daily from THE HINDU group of publications
Wednesday, October 26, 2005
Markets (October 25)
BSE Sensex7991.74 (+70.94)
S&P CNX Nifty2418.20 (+23.35)
US Dollar (Buy/Sell)45.02/45.15
Gold Std (10 gm)6885 (+25)


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Growth's fine, inflation the worry
RBI raises repo rates; loans may turn dearer

LOAN products across the board could cost more with the RBI switching on to a high interest regime to contain a swell in prices. Corporate and housing loans, which do not carry fixed interest rates, could be dearer by 0.25-0.30 percentage points ... More

`Indications of an investment boom'
THE Finance Minister, Mr P. Chidambaram, on Tuesday said that there were indications of an "investment boom" in the country on the back of a buoyant economy. "There are indications of an investment boom supported by buoyant growth in credit as ... More

Bill Ford is here; India is right at the top for him
India is right at the top of the list. The market is critical to our plans for building a Ford Motor Company for the 21st century." More

Higher sales drive Tata Motors — Second-quarter net profit rises 9 pc
TATA Motors Ltd today reported a 9.27 per cent increase in profit after tax for the quarter ended September 30, 2005, to Rs 337.87 crore from the previous corresponding Rs 309.21 crore. Net sales/income from operations was up 15.34 per cent at ... More

HCL Tech net up 68 pc; keeps growth forecast
Large deal strategy pays off; $50-m clients in fold

HCL Technologies on Tuesday posted a 68.3-per cent increase in net income, excluding `other income' at Rs 152.1 crore in the quarter ended September 30 from Rs 90.4 crore in the year-ago period. It has stuck to its strong growth forecast as it ... More

TCS launches Chennai centre for infrastructure management & BPO
TATA Consultancy Services (TCS) on Tuesday inaugurated its centre in Chennai for providing infrastructure management and business process outsourcing (BPO) services. With about 250,000 sq. ft. of space at an investment of Rs 45 crore, the ... More

Mastek to hire 1,500 this year
SOFTWARE solutions and integration services provider Mastek will recruit an estimated 1,500 people in the current year as it ramps up its operations in various areas to evolve into a company that delivers complete value-added business ... More

Market positive; bank stocks surge
Stocks, particularly banking, rallied after the central bank met market expectations with a quarter-percentage-point hike in repo/reverse repo rates and raised the GDP growth forecast to 7-7.5 per cent. BSE Bankex rose 1.42 per cent and NSE's ... More




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