The Hindu Business Line : Friday, October 28, 2005

Sensex down 176 points as SBI, Bharti results disappoint
THE BSE Sensex today lost over 176 points and neared a two-month low close, courtesy disappointing second-quarter results by SBI and Bharti Tele-Ventures and unwinding of positions in the derivatives market. Brokers said that the mood was so ... More

Left reiterates opposition to FDI in retail — Divesting `small portions' of non-navaratna PSUs discussed
Left parties have said, "Allowing FDI in retail trade would have negative impact on the already grim domestic employment scenario." More

Broadband tariff set to come down by 50 pc
IN a bid to meet the Government's target of 30 lakh broadband users by the end of the year, State-owned telecom majors MTNL and BSNL are going aggressive with low cost packages. While MTNL on Thursday indicated lowering of broadband tariffs by 50 ... More

Reliance scores high on sales — Q2 net up 41.6% at Rs 2,481 cr
RELIANCE Industries Ltd has registered a 41.6-per cent rise in its net profit for the quarter ended September 30, at Rs 2,481 crore against Rs 1,752 crore a year ago. The rise in profits came mainly on the strength of higher sales at Rs 20,717 ... More

Alfred Ford to lay out a ski village
"We hope to get all the permissions by the end of the year and have the first phase of 250-room hotel, ski-lift and other equipment up and running within three years." More

`Rupee under pressure; more FII exit likely'
A SECTION of the foreign broking firms expects further outflows from the Indian equity market as high growth and rising external deficit could put pressure on the rupee. "High growth and rising external deficits should continue to put pressure ... More

VisualSoft, AppLabs, eSolutions to merge — D.V.S. Raju quits as VisualSoft Chairman
VISUALSOFT Technologies Ltd, an IT services provider, AppLabs Technologies Private Ltd, a testing services company, and eSolutions Private Ltd based in Chennai, have announced a three-way merger plan here today. The merger will create a new ... More

NIIT Q2 net rises 12 pc
NIIT Ltd has registered a 12 per cent rise in its net profit for the second quarter ended September 2005 to Rs 13.2 crore compared with Rs 11.8 crore in the year-ago period. Its global system-wide revenues increased 12 per cent to Rs 208.5 ... More

Bharti Tele consolidated profit rises 43 pc in Q2
TELECOM major Bharti Tele-Ventures Ltd today reported a 43-per cent jump in its consolidated net profit at Rs 521 crore for the second quarter ended September 30, 2005 compared to a profit of Rs 364 crore during the same period last year. The ... More

Incessant rains throw Chennai out of gear
INCESSANT and heavy rains - about 40 cm in 36 hours up to 5.30 p.m. on Thursday - threw life out of gear in Chennai and its suburbs. A deep depression, which lay 150 km east of Chennai, caused the rainfall, forcing schools, colleges and ... More