Financial Daily from THE HINDU group of publications
Thursday, November 03, 2005
Markets (November 02)
BL 2502268.63 (+25.78)
BSE Sensex8072.75(+128.65)
S&P CNX Nifty2419.05 (+32.30)
US Dollar (Buy/Sell)45.18/45.32



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Market gains as mood turns optimistic — Sensex up 128 points but volumes remain low
DIWALI has brought cheer to the equity market with the Sensex rising almost 400 points over the last three trading sessions. Even the US Federal Reserve's interest rate hike of 25 basis points failed to dampen sentiment. However, the rise ... More

Corporation tax, Customs duty boost H1 tax collections by 24 pc
POWERED by healthy growth in corporation tax and Customs duty collections, the Government's tax revenue during the first half of the current fiscal has grown by 24 per cent to Rs 96,249 crore from Rs 77,860 crore during the corresponding period ... More

Summons issued to shipping companies on service tax issue
THE Indian shipping industry's service tax woes do not appear to have ended. Just when it thought it had heard the last word on the issue after the Government issued a clarification in June, indicating that the services that Indian ships ... More

IOC may make presentation to Oil Ministry on IBP merger
IOC is to make a fresh presentation before the Petroleum Ministry on the proposed merger of IBP Co Ltd with itself. Though the Union Cabinet had given its in-principle nod for the merger, it had expressed reservations on the proposed swap ... More

Govt announces tax sops aimed at Dabhol sale transaction
THE Government has announced a series of tax sops aimed at the GE and Bechtel's equity sale transaction of their Dabhol power project holdings to the special purpose vehicle promoted by NTPC Ltd and GAIL (India) Ltd. According to a Taxation ... More

IBM chief makes low-key visit
THE chief of Big Blue is in the country, quietly. As the Chairman & CEO of IBM, the largest global IT firm, Mr Samuel J. Palmisano, comes calling on India barely two weeks after the CEO of Cisco, Mr John Chambers, made his second visit in the ... More

Look beyond Bangalore, says Karnataka Govt
BANGALORE: Karnataka has suggested to IBM that it should start looking beyond Bangalore for expanding its operations. IBM is currently in the process of setting up a campus in Bangalore spread over 10 acres in the northern parts of the ... More

Outsourcing to create 3.37 lakh new jobs in US by 2010: Study
A RECENT study commissioned by the IT Association of America (ITAA) has said that the "incremental economic activity" triggered by offshoring is likely to create over 3.37 lakh net new jobs in the US by 2010. "Even as the global software and IT ... More

`Shear zone' forming over peninsula again
THE monsoon-friendly `shear zone' is getting organised from extreme peninsula in tandem with the rain-driving Inter Tropical Convergence Zone (ITCZ), which should trigger another wet session in Tamil Nadu and adjoining coastal Andhra Pradesh from ... More

Diversified equity funds suffer in Oct
DIVERSIFIED equity funds, hit by the general decline in the market, have lost an average 8 per cent-plus in the past one month, costing their investors part of the gains they had recorded in the recent past. The schemes, which had moved up in ... More

Where is gold heading to?
GOLD seems to be interestingly poised. There is the distinct possibility that it can move either way - up or down from the current level. Already, the yellow metal has shed around $10 an ounce in the last few days with long liquidation ... More

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Top Stories
Patient vs Patent debate: Move on Tamiflu to set the trend

Foreign brokerages plan to widen mid-cap basket

Rubber production likely to fall short of target

Govt employment statistics under-reported by 20 pc

Exporters cancelling forward dollar cover

Growing from better fleet management

An initiative to make Govt offices more responsive

Festive Oct sees record auto sales

ONGC, BPCL keen on trading in NCDEX natural gas futures

SAIL, 3 others cut prices

In Focus

Indian Aviation: Sky is the limit
Stock splits
India Inc's bonus bonanza
Dabhol power regenerated
Sethusamudram Canal Project
India Inc's overseas acquisition

In Depth

Gender Justice
Simple Economics
Tax Talk

Looking back
Oct. 23-Oct. 29
Fresh rain alert for Tamil Nadu, AP coast

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