Financial Daily from THE HINDU group of publications
Saturday, October 29, 2005
Markets (October 28)
BL 2502177.51 (-45.71)
BSE Sensex7685.64(-112.85)
S&P CNX Nifty2316.05 (-36.85)
US Dollar (Buy/Sell)45.04/45.17
Gold Std (10 gm)6970 (+5)



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Vodafone buys 10% stake in Bharti Tele for Rs 6,700 crore — SingTel evinces interest to hike stake
THE world's largest telecom player Vodafone today made its re-entry into the Indian mobile market by picking up a 10 per cent equity stake in the country's largest private sector telecom operator Bharti Tele-Ventures (BTVL) for Rs 6,700 crore ... More

Mega deals in telecom

  • Essar bought out BPL's 64 per cent stake in BPL Communications Ltd for Rs 4,400 crore.
  • Warburg Pincus sold 12 per cent stake in Bharti in three tranches for a total of about Rs 4,600 crore.
  • Tata and A.V. Birla Groups bought out ... More

    Under-recoveries strike oil PSUs again in Q2 — IOC net dips 23 pc to Rs 950 cr
    THE non-realisation of market related prices for petroleum products has affected the net profit that the public sector oil major Indian Oil Corporation Ltd has reported during the second quarter. IOC has recorded a 23-per cent dip in net ... More

    BPCL net loss at Rs 20 crore
    BHARAT Petroleum Corporation Ltd posted a net loss of Rs 20.3 crore for the quarter ended September 30. The company had registered a net profit of Rs 32.14 crore in the corresponding period last year. BPCL's net sale during the second quarter ... More

    IOB mulls foray into non-life insurance with Allahabad Bank — May rope in other banks, foreign partner
    INDIAN Overseas Bank is seriously considering getting into non-life insurance business jointly with Allahabad Bank. It hopes to rope in a couple of other banks and a foreign partner into this venture. The bank believes there is a good business ... More

    L&T net profit drops 67 pc in Q2 — Slump due to one-time gain in previous year
    Larsen & Toubro has reported a 67 per cent decrease in its net profit for the second quarter of the current fiscal; this was on account of a one-time profit of Rs 353 crore from sale of shares in its cement division that had plumped up its ... More

    Wipro best suited for large-scale SAP projects: Forrester
    FORRESTER Research Inc, in an independent survey, has ranked Wipro Technologies, the global IT services division of Wipro Ltd as the "leader best suited for large-scale, global SAP projects." Forrester evaluated Wipro's current offering and ... More

    VisualSoft to restructure operations — Combined entity to notch up $70 m revenues
    THE merger of VisualSoft Technologies Ltd, AppLabs Technologies and eSolutions is likely to be completed by the fiscal-end and the combined entity of VisualSoft, which will be the flagship company, is likely to notch up revenues of about $70 ... More

    Inflation up on costlier manufactured items
    THE annual wholesale price index-based inflation went up 4.71 per cent on a yearly basis during the week ending October 15, higher than the previous week's 4.62 per cent. The rise in the year-on-year inflation was largely due to an increase in ... More

    Sensex sheds 113
    STOCK prices continued to reel under bearish sentiment with BSE Sensex moving down by another 100 points on Friday even as mutual funds continue to remain net buyers this month. However, FIIs are net sellers this month. Mixed corporate results ... More

    MoU signed for $64-million Pan-African network project
    INDIA has signed a memorandum of understanding (MoU) with the African Union to take up a project to digitally inter-connect all the 53 countries of the continent. The Pan-African Network Project (PANP), initiated by the President, Mr A.P.J. ... More

    Bajaj Auto's electric 3-wheeler may hit roads next year
    `ECORICK', Bajaj Auto's battery-powered 3-wheeler is likely to hit the roads next year. The vehicle was on display at an exposition held here by SAEIndia earlier this week. The vehicle would cost around Rs 1.25 lakh — around Rs 35,000 ... More

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