The Hindu Business Line : Tuesday, November 01, 2005

Our office will remain closed today on account of Deepavali and there will be no edition dated 2nd November 2005. The News Updates of Business Line will resume on Wednesday morning.

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Sensex rises 206 pts on Diwali-eve — Thin volumes indicate low investor participation
STOCK prices rose sharply on the eve of Diwali with the Sensex moving up by more than 200 points and Nifty by more than 50 points. Monday's gain was the highest single day upturn in the Sensex in the recent past. However, volumes on BSE and ... More

Pvt equity funds in race for Air Sahara stake
Sources said that while some entities had put in bids for a $100-million private placement, others were in talks with Sahara officials for picking up a stake in it. "We will not be putting in a bid for the $100-million private placement as the ... More

HLL posts 15 pc rise in net on higher sales — Home and personal care segment drives growth
HINDUSTAN Lever Ltd (HLL) today reported a 15.18 per cent growth in profit after tax for the quarter ended September 30, 2005, to Rs 325.35 crore from the previous corresponding Rs 282.47 crore. After providing for exceptional items, the same ... More

China to tap Tibet's hydel potential to sell power to India
The Chinese administration is working on harnessing the hydel power capacity in Tibet, with plans to market bulk of the electricity to India. At a recent International Conference of System Operators in Beijing, a senior official with the China ... More

It's business as usual for BPOs on Diwali day — Shift timings reworked, on-campus festivities lined up
Measures ranging from realignment of shift timings to people-oriented initiatives such as Diwali fests complete with firework displays have been planned, to ensure that business continues during the festivities. More

Mindteck to raise $5 m; to consolidate operations
MINDTECK (India) Ltd, global IT services company, would be raising $5 million through private placement. The funds would be used for the acquisition of Mindteck Singapore Pte Ltd and Mindteck UK Ltd or any other acquisition as part of its ... More

Desktop applications moving to mobile window!
THIS is one `call' that mobile subscribers may like to take. Anti-virus applications, blogging, peer-to-peer movie clip and music transfers, data back-ups and financial applications are no longer restricted to the personal computing ... More