The Hindu Business Line : Thursday, February 02, 2006

Airport employees strike work; flight operations normal: Govt
Traffic disruption mostly felt in Kolkata
DESPITE large-scale agitation by sections of the Airports Authority of India (AAI) employees protesting against the modernisation of the Delhi and Mumbai airports by private companies, the Government maintained that air services throughout the ... More

Cabinet clears bids
THE Union Cabinet on Wednesday gave its approval for selection of the GMR and GVK consortiums for the modernisation programme of Delhi and Mumbai airports, respectively. Briefing newspersons after the Cabinet meeting, the Minister for ... More

Banks, housing finance cos hike lending rates
HDFC has raised interest rates on its home loans across all segments by 0.5 percentage points with effect from February 1. IDBI Ltd has raised retail lending rates by 0.25 percentage points, while SBI will decide on the rate hike in a week. LIC ... More

PM for moderate tax regime
THE Prime Minister, Dr Manmohan Singh, today said that his Government was committed to a `broad-based and moderate' tax regime, even as he categorically ruled out disinvestment of Navratna public sector undertakings. In his second press ... More

STCI acquires UTI Securities for Rs 265 cr
SECURITIES Trading Corporation of India (STCI) has acquired broking and investment firm UTI Securities Ltd, for Rs 265 crore. According to sources, there were about 10 bidders and STCI has emerged as the highest bidder offering Rs 265 crore, ... More

Sensex misses 10,000-mark; drops sharply
IT was a summit denied as the BSE Sensex came within striking distance of the 10,000-point mark, but dipped sharply thereafter in Wednesday's volatile trade. The Sensex opened at 9,959.24, touched a high of 9,993.92 points and closed at 9,859.26 ... More

It's a mixed show by PSBs in Q3
PUBLIC sector banks have once again come up with a mixed bag in their third quarter results. Some have posted spectacular growth in profits, trebling and quadrupling the same. Banks who did very well in this quarter were Union Bank, Bank of ... More

Media waits another day for Sensex to touch 10 K
AT the end of the trading day, it looked as though the media, more than anybody else, wanted the Sensex to cross the 10,000 mark. Right from the morning half a dozen television cameras had taken up vantage positions opposite the BSE building on ... More

MS unveils rural thrust; to roll out 50,000 kiosks
SOFTWARE major Microsoft Corporation India on Wednesday announced its rural IT initiative `Saksham' under which the company would partner with non-governmental agencies, including Drishti, Jai Kisan and n-Logue, to roll out 50,000 kiosks over the ... More

Failure to meet roll-out obligation — Telecom cos face Rs 406-cr fine
BSNL, MTNL and Idea Cellular are not in the defaulters' list. More

An apartment for Rs 1.5 cr — Coimbatore matches metros
TO the people of Coimbatore, still in the process of getting used to living in apartments, it should come as a pleasant surprise that an apartment in the posh Race Course area could cost so much. But it is also a confirmation that the city, long ... More

Extended range weather forecast on anvil
SIX premier national agencies have entered into an agreement for implementing an extended range forecast system (ERFS) by means of which forecasts on weather will be attempted at the regional/district level. The project, fully funded by Union ... More