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PERFORMANCE: Some bright spots amid gloom
India Inc in SEPTEMBER QUARTER. The 30 per cent rise in sales and 12 per cent profit growth managed by leading Indian companies (320 of the BSE 500) for the September quarter may only reaffirm the gloomy earnings picture that the market is ...

ANNOUNCEMENTS: SAIL cuts prices by Rs 4,000-6,000/t
New Delhi, Nov. 1 Steel Authority of India Ltd (SAIL), the largest steel manufacturer in the country, today reduced steel prices in the range of Rs 4,000-6,000 across all ...

PERFORMANCE: Reading the scorecard
The earnings scorecard for 320 companies from the BSE-500 index suggests that most companies have increased their earnings, albeit at a slower pace. Even as revenue growth remained strong on the back of an inflationary ...

TRADE & LABOUR UNIONS: Wipro Lighting unit: Tripartite talks over wage hike fail
Bangalore, Nov. 1 Workers’ strike at Wipro Consumer Care and Lighting’s Mysore factory over wages continued for the fifth day after a tripartite meeting with the management and the Karnataka Labour Department failed to ...

NEW PROJECTS: Champagne Indage to raise funds
Mumbai, Nov. 1 Champagne Indage Ltd, the wine-focussed flagship company of the Indage Group, is set to raise up to Rs 120 crore to expand its processing capacities, besides completing recently-made overseas ...

TRADE & LABOUR UNIONS: Tata Steel, workers sign wage agreement
Kolkata, Nov. 1 Memoranda of Settlement, providing for upward revisions of wages for more than 16,000 workers and employees of Jamshedpur plant of Tata Steel including the Tube Division, were signed at Jamshedpur on ...

SICK UNITS: New promoter keen to reopen Punalur Paper Mill
Thiruvananthapuram, Nov. 1 Prospects of reopening of Punalur Paper Mill, which has been lying closed for over 21 years, have brightened with a new promoter, based in Andhra Pradesh, showing interest in taking over ...





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Markets (Oct 31)
Nifty (at close)2885.60(+188.55)
US Dollar (Buy/Sell)49.49/50
Brent crude (a bbl) Rs3,041
Gold (a gram) Rs1,099
Silver (a kg) Rs16,420

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