The Hindu Business Line : Thursday, October 20, 2005

Sensex falls 151 on FII outflow fears — Bearish sentiment across global equity markets
STOCK prices continued their downward trend on Wednesday with the benchmark BSE Sensex closing below the 8,000-mark, amid fears that a sliding rupee and weak international markets could lead to higher FII outflows. The rupee touched a low of ... More

Wipro posts 16 pc rise in Q2 net — Revenues for the quarter beat guidance
ROBUST growth across all its business units helped Wipro Ltd to post a 16 per cent rise in net profit and a 27 per cent increase in revenue for the September 2005 quarter over the corresponding quarter last year. Wipro registered a net profit ... More

Wipro to hike wages; margins may be hit
WAGE inflation is expected to impact Wipro's operating margins for the second half of the current fiscal. Wipro expects a 1.5 per cent impact on its operating margins for the December quarter, as it plans to implement a wage hike for its ... More

Cisco Systems to invest $1 b in India
THE US-based communications networking major Cisco Systems Inc today announced an investment of over $1 billion in India. The investment, to be spread over three years, is the largest to be made by the company outside US. Announcing investment ... More

DoT withdraws services of 1,300 ITS officers
THE Department of Telecom has withdrawn the services of 1,300 Indian Telecom Service officers working in Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), despite the stay order given by the Uttaranchal High Court last ... More

Air Sahara in the process of finding `suitable' partner
SAHARA India Pariwar said on Wednesday that it was in the process of finding a suitable "private equity" investor and/or a strategic partner to fund Air Sahara's expansion programme. Air Sahara is currently wholly owned by Sahara India ... More

Draft policy on urban housing for wider resource pool — Housing finance cos may get to tap PFs, insurers
HOUSING finance companies (HFCs) are likely to be permitted to tap provident funds (PF) and insurance companies to raise resources. At present, most housing companies are restricted to raising funds only through equity or fixed deposits in the ... More

Datawarehousing — Teradata eyes banking sector
IF you need to locate your next ATM, how do you decide where to set it up? Well, this can be addressed by extracting information from the large database a bank creates from its business, according to Teradata, the $1.4-billion datawarehousing ... More

Rich Indians lap up big-ticket brands
NOT only is the number of `affluent' Indian consumers growing, but a survey has found that wealthy Indians are increasingly adopting the habits of their Asian counterparts and buying big-ticket branded personal items. In fact, the shopping list ... More