Financial Daily from THE HINDU group of publications
Friday, November 11, 2005
Commodities (November 10)
Gold (per gram) Rs650
Silver (per gram) Rs13.00
Crude (per bbl)$58.52
Markets (November 10 at 15.30 IST)
BSE Sensex8308.93 (+0.15)
S&P CNX Nifty2500.70 (+11.60)
US Dollar (Buy/Sell)45.74/45.87



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Entry norms eased, licence fee cut for NLD, ILD players — Long distance phone tariffs set to drop
LONG distance telephone tariffs could drop by over 9 per cent, with the Government today announcing a reduction in entry fee for national (NLD) and international long distance (ILD) players to a uniform Rs 2.5 crore from the existing Rs 100 crore ... More

FDI boost: Transfer of financial services co shares may come under automatic route
AS part of a comprehensive move to liberalise the current foreign direct investment (FDI) regime, the Government is proposing to bring transfer of shares of financial services companies from resident owners to foreign investors under the ... More

Satyam exits Sify; entire stake sold to Infinity Capital of US for $62.62 m
SATYAM Computer Services has sold its entire stake in Sify Ltd to the US-based Infinity Capital Venture, LP, which is controlled by Silicon Valley entrepreneur, Mr Raju Vegesna. The total purchase price for Satyam's 31.61 per cent stake was ... More

Ministry permits generic cos to make bird flu drug
THE Industry Ministry has given a green signal for allowing domestic pharmaceutical companies to manufacture generic versions of Tamiflu (oseltamivir), considered the most effective drug to treat avian influenza, commonly called bird ... More

Rs 900-cr unit in Jamshedpur — Tata Steel to tie up with BlueScope
TATA Steel and Australia's BlueScope Steel today announced that they have agreed to enter into a partnership to form a 50:50 joint venture company in India. "The joint venture company will build a new business across India and South Asia that ... More

Ranbaxy wins process patent verdict on Pfizer drug in Norway
THE patent battle for Pfizer Inc's cholesterol-lowering drug, Lipitor (atorvastatin), took an interesting turn with the Oslo District Court in Norway ruling that Ranbaxy Laboratories Ltd's proposed generic version of the drug did not infringe the ... More

Intergraph CEO sees growth in spatial, GIS market
THE geographical information services (GIS) and spatial management market is set to expand rapidly in India presenting an opportunity to work with Government, defence and space agencies, according to Mr Halsey Wise, President and Chief Executive ... More

`Processors driving changes in embedded design'
DISTRIBUTED computing, which involves the use of two or more processors to solve an application, is a new technology trend in the field of embedded design. According to Mr Dave Wilson, Director, International Marketing, National Instruments, US, ... More

Flextronics Soft rolls out corporate ethics to its merged entities
THIS time, the rollout is with a difference. It's not a product, but a philosophy that Indian subsidiary Flextronics Software Systems (FSS) is to roll out to the companies that have been merged with it as a part of its takeover by the parent, ... More

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