Business Daily from THE HINDU group of publications
Saturday, October 20, 2007
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Commodities (Oct 19)
Gold (per gram) Rs918
Silver (per gram) Rs19.80
Brent crude (per bbl) Rs3,344
Markets (Oct. 19)
BSE Sensex17559.98 (-438.41)
S&P CNX Nifty5215.30 (-135.70)
US Dollar39.74 (+0.04)

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Our office will remain closed today on account of Ayudha Pooja and there will be no edition of Business Line dated 21st October 2007. The News Updates of Business Line will resume on Monday morning. —  MANAGING DIRECTOR

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FIIs may get more time to pare Participatory Notes
Only a small number of FIIs likely to be affected: Chidambaram More

‘SEBI action on P-notes will help rein in rupee’
Unregulated forex inflows hurt economy: Deepak Parekh More

FII selling drives down stock prices for 3rd day
Volatility may continue, say market players More

Advances push ICICI net up 33%
Mumbai, Oct. 19 ICICI Bank posted a net profit of Rs 1,002.6 crore for the quarter ended September 30, 2007, up 33 per cent from Rs 755.01 crore in the corresponding quarter last year on the back of a 33 per cent growth in advances. Ms ... More

RCom pays entry fee for foray into GSM segment
It’s permission for new tech: DoT More

Wipro net rises 18% on broad-based growth
Bangalore, Oct 19 A broad-based growth across all its verticals and service lines helped Wipro Ltd to beat street estimates and its own forecast to post 18 per cent rise in net profits for the September quarter (Q2FY08) over corresponding last ... More

Wipro not hit by slowdown in US: Premji
Company says demand continues to be strong More

Reliance enters wellness format; opens outlet in Hyderabad
Woos customers with special schemes More

Bajaj Auto Q2 net rises 5%, sales dip
Pune, Oct 19 Riding on the sales of its bigger bikes, two-wheeler major Bajaj Auto Ltd reported a five per cent rise in its second quarter, net profit at Rs 336.4 crore from Rs 318.8 crore during the corresponding quarter last year.Net ... More

SEBI Oct 25 meet to evaluate responses to PNs
Receives feedbacks from market participants More

Cheaper food items pull inflation rate down
Wholesale Price Index of all commodities at 214.7 More

Cognizant buys analytics firm marketRx for $135 m
Chennai, Oct. 19 Cognizant Technology Solutions Corporation has acquired analytics company marketRx Inc for $135 million in cash to expand Cognizant’s life sciences industry offerings. Both are US-headquartered companies with strong ... More

SAP’s Yasu buy highlights how India does IT
Bangalore, Oct 19 The imminent takeover of the Hyderabad-based Yasu Technologies by SAP, a leader in data bases and enterprise software, is a pointer to the tech ‘hava’ that increasingly wafts the scent of cutting edge Indian ... More

Indian IT managers’ pay fourth lowest: Mercer
Pay highest in Switzerland, Denmark, Belgium, UK More

TCS, 2 multi-sector SEZs among 10 projects cleared
Board of Approval clears co-developers in Navi Mumbai SEZ More

Reliance Power IPO: Ministry may refer issue to SEBI
REL spokesperson refutes irregularity in the company More

VSNL, RCom shine on new developments
Analysts see long-term prospects for telecom sector More

LIC scouts for land across country
Has bought five-acre plot in Kolkata for Rs 276.2 cr More

North-East monsoon may get going in 3 days
Scattered rains over southern peninsula to sustain More


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