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Monday, May 17, 2004

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Alliance endorses Sonia for PM
IT'S official now. The allies of the Congress-led front on Sunday backed the Congress Parliamentary Party's decision of appointing Ms Sonia Gandhi as the Prime Minister of the country. Addressing newspersons after a two-and-a-half-hour ... More

RBI may not cut Bank Rate
A LIMITING factor on RBI lowering the key indicative Bank Rate could be the sharp rise in crude prices to around $40 a barrel. Till now, the profit-making public sector oil companies have been coerced by New Delhi to hold prices and absorb the ... More

Inflows rush into MIPs, floating rate funds
`WOULD you be interested in exploring a story on floating rate products?' queries a mail from a corporate communication firm. This is as clear a signal you can get that mutual funds are now aggressively pushing floating rate funds. And such an ... More

Looking beyond US pays off for software cos
SOME Indian software companies are finding geographies other than the US, particularly Europe, attractive. For Infosys Technologies, Satyam Computer Services and Cognizant Technology Solution, revenues for the last 12 months from the US (or ... More

Fall in iron ore prices likely
IRON ore prices in the domestic market may head for lower levels in the coming days following a slump in international demand and prices following much lower Chinese demand for the past few weeks. This, however, is unlikely to bring down the ... More

SEBI on high alert; warns of stern steps
IN the backdrop of the Sensex nosedive on Friday, the Securities and Exchange Board of India (SEBI) has asked stock exchanges to remain ``extraordinarily watchful'' of any unusual movements in the market. It has threatened to take stern action ... More

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