The Hindu Business Line : Thursday, January 26, 2006

Sensex tops 9700 points intra-day, closes lower
KEY stock indices crossed all-time high levels on Wednesday, but most of the shares closed lower on BSE as well as on the NSE. Analysts said the markets have entered "nervous territory" on account of the absence of depth. The benchmark ... More

Foreign, pvt banks staff can now blow the whistle — RBI issues norms for `Protected Disclosure Scheme'
As per the procedure outlined by the apex bank, the complaint should be sent in a closed envelope to the Department of Banking Supervision. More

Banks allowed to raise capital through innovative instruments
The funds will help meet banks' increasing business requirement as well as to maintain the capital adequacy ratio under the Basel-II norms. More

Grasim net falls 25% on slump in VSF, sponge iron biz
A DOWNTURN in Grasim Industries' viscose staple fibre and sponge iron businesses has led to the company's third quarter net profit for the current fiscal falling by 25.4 per cent. Net profit was reported at Rs 161.87 crore as against Rs 217.08 ... More

`India, China promising consumer markets'
The foremost concerns are global issues such as rising oil prices and trade imbalances and how global challenges would have to be addressed in the most creative way. More

CERC fixes trading margin at 4 paise per unit — Big blow to cos which have been charging higher
IN a move that could affect the revenue streams of a number of power trading firms, the Central Electricity Regulatory Commission (CERC) has decided to fix the power trading margin at 4 paise per unit for players who have been given licences for ... More

PM stresses need for Indo-Saudi co-operation
THE Prime Minister, Dr Manmohan Singh, said that in view of growing relations and rapidly expanding economic ties between India and Saudi Arabia, the two economies should come closer and jointly co-operate in areas of IT, agriculture, oil and ... More

JP Morgan's India fund in Japan gets good response
JP Morgan Fleming Asset Management (Japan) has elicited enthusiastic response for its first India-dedicated equity fund in the Land of the Rising Sun in its first month of existence. Responding to queries from Business Line, the ... More

Nokia to run 9 Hutchison Essar circles
The Swedish company will provide network planning, project management, configuration and optimisation, network operations and maintenance and the administration of third party vendor contract management, among others. More

SiRF acquires ImpulseSoft for Rs 67.5 cr — Launches product combining GPS and Bluetooth tech
SIRF Technology Holdings, Inc, a Nasdaq-listed company that provides GPS chips, has acquired ImpulseSoft in a cash-and-stock deal worth Rs 67.5 crore. ImpulseSoft, an Indian start-up founded in 1999, provides BlueTooth solutions for the ... More

Moser Baer Q3 PAT at Rs 13 cr
MOSER Baer India today registered a profit after tax of Rs 13.04 crore (post write-back of deferred tax) for the third quarter ended December 2005 against a net loss of Rs 31.73 crore in the year-ago period. The company's gross revenues stood ... More