Financial Daily from THE HINDU group of publications
Thursday, January 19, 2006
Commodities (Jan 18 - at close)
Gold (per gram) Rs740
Silver (per gram) Rs14.45
Brent crude (per bbl) Rs2879
Markets (January 18)
BSE Sensex9237.53 (-76.60)
S&P CNX Nifty2809.20 (-19.90)
US Dollar (Buy/Sell)44.39/44.52



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Ranbaxy net profit down 62 pc, sales drop — Increased litigation, hike in R&D spend
CONTINUED price erosion in the US market, increased litigation and research and development (R&D) spend has impacted on the net profit of Ranbaxy Laboratories Ltd, which fell 62 per cent to Rs 259.1 crore for the financial year ended December 31, More

Demerged RIL share valued at Rs 714 in special trading session
THE Reliance Industries Ltd stock closed at Rs 713.93 at the special trading session held today to discover its price after the demerger of its telecom, finance and energy businesses. The price is 23.07 per cent lower from Tuesday's close of Rs ... More

Wipro Q3 net up 27 pc, revenues rise 30 pc
ROBUST volumes and better offshore leverage helped Wipro Ltd to beat its own estimates and street expectations to post a year-on-year growth of 27 per cent in net profit and 30 per cent in revenues for the December quarter. Wipro's net profit ... More

Wipro sees operating margins range-bound — BPO unit targets more income from non-voice service offerings
WIPRO's BPO unit is targeting a 40 per cent share of revenues from the non-voice service offerings over the next two years, said the Chief Executive, Mr T. K. Kurien. At present, the non-voice service accounts for around 17 per cent of Wipro ... More

HCL Tech Q2 net income up 40 pc — Aims to be $1-b co by this fiscal
HCL Technologies today registered a 40.2 per cent increase in consolidated net income for the second quarter ended December 2005 to touch Rs 181.1 crore compared to Rs 129.1 crore in the same period previous year, and expressed confidence that it ... More

Nasscom launches database of IT, BPO pros
IN a move that could effectively filter out errant employees and reduce the risk of fraud-related activities in the IT industry, Nasscom today launched the National Skills Registry - the first-ever centralised database of employees of IT ... More

Cos may be allowed to raise funds by regulated placement of shares with QIBs
AS an alternative to GDR and FCCB (foreign currency convertible bonds) routes, listed Indian companies may be allowed to raise funds from the domestic market by a regulated placement of shares with qualified institutional investors (QIBs). ... More

`Check money laundering'
SEBI on Wednesday asked market intermediaries to put in place a proper mechanism in a month's time to check money laundering as per the Ministry of Finance guidelines. A notification was issued to stock exchange intermediaries including stock ... More

HLL preparing to brew more T
THE Great Indian Brew Wars are all set to take off with FMCG major Hindustan Lever Ltd (HLL) gearing up to add more kick to its tea business by setting up a chain of branded tea parlours across the country, a la Barista and Café Coffee ... More

HDFC net climbs 21 per cent in Q3 — Loan rate hike on cards
HOUSING Development Finance Corporation has reported a 20.53 per cent increase in net profit for the third quarter ended December 31, 2005. Net profit rose to Rs 284.52 crore, up from Rs. 236.05 crore reported for the corresponding quarter of ... More

Export growth at 23.5 pc during April-Oct — Traditional items perform well
FOUR traditional items — agriculture and allied products, gems and jewellery, chemicals and related products and engineering goods — accounting for close to 58 per cent of the country's total exports, performed exceedingly well during ... More

Central Govt staff to go on indefinite strike from March 1 — Call for setting up Sixth Pay Commission
The employees gave their opinion through a ballot held at all Government offices by the respective employees unions in which 96 per cent voted in favour of strike More

`Business leaders have better image than politicians'
BUSINESS leaders are widely held in better esteem than their political counterparts whose credibility appears to be declining. While business leaders around the world consistently have a better image than political leaders, significant ... More

Bountiful NE monsoon draws to a close
Chennai topped the league with 164 per cent excess, followed by Tiruchi (141 pc), Thiruvallur (135 pc), Namakkal (132 pc), and Krishnagiri (123 pc). More

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