The Hindu Business Line : Saturday, October 15, 2005

Citigroup to focus on organic growth — Dedicates financial literacy centre to Indian School of Microfinance for Women
GLOBAL financial services company Citigroup will focus on organic growth rather than exploring the takeover route in India, Mr Charles Prince, Chief Executive Officer, Citigroup, said here on Friday. Mr Prince, who is on a visit to India, told ... More

Bank stocks pull down market; Sensex sheds 175 points
BANK stocks led the overall decline on Indian bourses on Friday with the Sensex moving down by 175 points. Weak Asian markets and selling by FIIs dampened sentiment further. Bank stocks moved down following the announcement of a huge equity ... More

Gas shortage leaves power utilities struggling
THE ongoing gas shortage has resulted in under-utilisation of over 40 per cent of the country's gas-based capacity of 10,000 MW. The fate of several of the upcoming gas-based stations, adding up to 4,642 MW across the Central, State, and ... More

GAIL scouting for equity partners for Nabuko project
GAIL (India) Ltd is in the process of selecting equity partners for participating in the Nabuko gas pipeline project connecting Turkey with Austria. Announcing this here at a press conference on Friday, Mr Proshanto Banerjee, Chairman and ... More

Costlier food, energy rates push up inflation
THE annual wholesale price index-based inflation rose 4.24 per cent during the week ended October 1, accelerating from a week-earlier annual rise of 3.97 per cent. The surge in the year-on-year inflation was largely on account of higher food, ... More

H-1B visa holders being paid lower wages, says US tech workers' group
An analysis of the employers who are paying the lowest H-1B wages reveals that these companies are disproportionately run by Indian nationals, hiring almost exclusively young Indian nationals to displace American workers in our own country, in blatan t violation of EEOC, sex, age and national origin laws, says the Programmers Guild, an advocacy group for US technology workers. More

`Low' crosses land; rain belt moving northward
THURSDAY'S well-marked `low' over southwest Bay of Bengal beat forecasts to cross over land overnight and lie positioned over Rayalaseema even as it looked to spin away slow in a west/northwest direction. The crossover will lead to the ... More

Cipla to launch generic drug for bird flu
CIPLA has done it again. As more countries report incidents of Avian flu, the Mumbai-based drug maker Cipla has said that it will be ready with generic versions of Roche's anti-influenza drug Tamiflu by the year-end. "Cipla has developed the ... More

Teles India router `helps cos cut phone bills'
TELES India has launched a voice router — TELES.iGATE. The router plugs into a company's telephone exchange and automatically routes a telephone call so that it bills the least amount. In India, interconnectivity fees make calls from a ... More