Business Daily from THE HINDU group of publications
Thursday, July 20, 2006
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Re hits 3-yr low on oil concerns
Sensex down 219 points on weak rupee and selling by foreign funds More

Rupee is stable in terms of real effective exchange rate: Chidambaram
The Finance Minister, Mr P. Chidambaram, on Wednesday maintained that the rupee was stable in terms of the real effective exchange rate (REER) even while hinting that the currency may appreciate depending on market conditions. "What is important ... More

Wipro Q1 net profit rises 45 pc
Global IT revenues up 42 pc; 62 new clients added during the quarter More

Wipro Q2 margins seen lower by 1.5 pc
`To move in a narrow range' for the rest of the year, says CFO More

ACC Q2 net zooms to Rs 412 cr
One-time realisations from sale of land, unit rake in Rs 178 crore More

IB may vet Net telephony applications
New applications from companies wanting a licence for offering Internet telephony in the country may be scrutinised by the Intelligence Bureau. This comes after the vigilance section of the Department of Telecom found out that the network of some ... More

Infrastructure growth dips to 5.1 pc in May
April-May growth rate drops to 5.9 per cent More

ADAG to present power project proposal to Orissa
Plans investment of Rs 55,000 cr; Anil Ambani to meet CM tomorrow More

`Waive capital gains tax for VCFs exiting from unlisted cos'
Nitin Desai Committee presents report to Plan panel Dy Chairman More

S.K Birla Group to sell 51% stake in Mysore Cement to Heidelberg
In a major development, the S.K. Birla Group has decided to sell 51 per cent stake in its loss making Mysore Cement to the Germany-based HeidelbergCement for a whopping $ 94 million (Rs 436.82 crore). The uniquely structured deal ensures that ... More

Maruti to hike vehicle prices by month-end
Introduces revamped WagonR; also LPG-petrol variant More

Many in the race for ONGC top post
The hunt for new Chairman and Managing Director of Oil and Natural Gas Corp (ONGC) has gathered momentum with the last date for receiving applications for the post closing today. The CMD's post fell vacant after Mr Subir Raha demitted office ... More

HCL Tech sees sustained buying
HCL Tech saw large volumes of shares traded on Wednesday. Sustained institutional support pushed volumes up, said dealers. Rumours of an acquisition had also been driving interest in this stock in the recent past. There is talk in the market ... More

Garware Offshore: Betting on exploration
One of the counters that has fallen the least in the broad market fall is that of Garware Offshore Services Ltd. While talk of a placement had been driving interest at this counter in the past, the rising oil prices which will lead to increasing ... More

Markets disregard earnings, slip sharply
More

Model limitations blamed for rain figure disparity
Monsoon showers recorded in May during years of early onset should logically go into cumulative area-weighted rainfall account but the temptation to employ them for verifying a specific weather model should be resisted. "This is so because the ... More


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