Financial Daily from THE HINDU group of publications
Friday, January 27, 2006
Commodities (Jan 25)
Gold (per gram) Rs752
Silver (per gram) Rs15.05
Brent crude (per bbl) Rs2893
Markets (January 25)
BSE Sensex9685.74(+135.82)
S&P CNX Nifty2940.35 (+32.35)
US Dollar (Buy/Sell)44.13/44.27



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RBI gives nod for appointment of `Business Correspondents' — Banks can now offer loans, accept deposits thru agents
BANKS are now allowed to outsource lending and deposit-taking activities to enable them to reach rural and remote areas. In other words, banks can now collect deposits from public and deliver credit to borrowers through agents appointed by ... More

Docs can look for Isabel's prescription — Web-based diagnosis to help course of treatment
IT is not meant to replace the doctor's judgment. But `Isabel' certainly hopes to become a virtual Google for diagnosis, where an online search with the patient's symptoms gives the doctor a list of diagnoses to evaluate before deciding on the ... More

Flexible labour law for textiles on anvil
IN a bid to introduce labour law flexibility for the textiles sector, the Government is considering a proposal whereby firms could be given the go-ahead to employ "non-permanent" workers if they furnish bank guarantees against the names of these ... More

Govt targeting $10-b FDI in '06-07: Kamal Nath
THE Government is targeting an overall foreign direct investment (FDI) inflow of $10 billion during the next fiscal and expects around $7.5 billion in the current financial year, the Minister for Commerce and Industry, Mr Kamal Nath,said on ... More

IPO scam: Company Affairs Ministry for joint probe with SEBI, RBI
The Company Affairs Minister, Mr Prem Chand Gupta, said, "It is a matter of serious concern affecting the interests of common investors. Such incidents lead to erosion of investors' confidence and immediate steps need to be taken to restore confidenc e in the primary market system." More

Chidambaram highlights developments to woo global investors at Davos — `Power, airports, food processingsectors offer potential'
THE Finance Minister, Mr P. Chidambaram, today made a strong pitch to global investors to invest in the booming Indian economy, highlighting power, airports and food processing among the emerging thrust areas. Speaking at a breakfast meeting ... More

Corporates find bank deposits attractive
Public sector banks prefer to raise the resources through bulk deposits, as they are cheaper than CDs and are exempt from stamp duties. Also the administrative costs on bulk deposits are lower than that on retail deposits. More

BPO players in consolidation mode — Forrester details trend towards building up offshore-onshore capabilities
RECOGNISING the need for broader geographic footprint for enhanced client comfort, Indian offshore business process outsourcing (BPO) players, including TCS and Genpact, are going aggressive on initiatives including geographic expansion, ... More

Neilsoft setting up centre for Skanska — Bets big on engineering tech services
THE Pune-based specialised engineering technology services and solutions company, Neilsoft, is gearing up to become a dominant player as India becomes the global hub for outsourced engineering in the next 3 years. It is ready with an action ... More

ISRO sees mobile TV as the new money-spinner — Mobile video tech to be packed on to Insat-4E
IN the world of entertainment, what after digital radio and DTH? Don't tell this yet to the cops who flag you down for touching the cell phone while driving - in around three years from now, you could be watching television while you move ... More

Floating Bridge
The newly-inducted Amphibious Floating Bridge and Ferry System for moving traffic across large and deep water obstacles, developed by DRDO, rolling down the Rajpath during the 57th Republic Day celebrations on Thursday. ... More

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