The Hindu Business Line : Saturday, July 23, 2005

Wipro Q1 net rises 20 pc at Rs 428 cr, revenues up 28 pc — `Global IT business continued to sustain momentum'
STRONG rupee, high sales, marketing and visa costs, and a muted growth in its business process outsourcing (BPO) outfit impacted Wipro Ltd's first quarter earnings that fell short of expectations marginally. Wipro reported a 20 per cent growth ... More

Yuan effect on Re dissipates
THE rupee, which rose to a six-month high on Thursday on the back of the revaluation effect of the Chinese yuan, lost much of its gain on Friday as banks aggressively bought dollars in the local forex market, dealers said. The currency closed ... More

Sensex breaches 7,400 level; up 119 points
THE bulls bounced back with a vengeance on Friday, perhaps, to prove that the marginal downturn in the bourses over the last couple of days is not the onset of an extended slump in the market. Though the last two months have seen several all ... More

Persons making stock recommendations in media must disclose holdings: SEBI
NOW, persons making stock recommendations in the media have to disclose their holdings on the scrips being recommended. The Securities and Exchange Board of India has advised that media companies have to ensure that persons making investment ... More

Reliance Ind board to take up early closure of buyback
RELIANCE Industries Ltd is going to consider an early closure of its buyback offer at its board meeting next Wednesday, the company told BSE today. Such a decision would cut short the buyback offer period, fully five months before its ... More

AP getting back money from Volkswagen
THE Andhra Pradesh Government is set to get back 2 million euros (about Rs 11.67 crore), with the German automotive major Volkswagen AG deciding to account for the illegal withdrawals made by its former employee. The carmaker also expressed ... More

`India to blame for rising farm goods prices in Pak'
POTATO prices in Pakistan have trebled in the last two months and Islamabad is blaming India for this. New Delhi is being held responsible for the rise in the prices of onion, tomato and garlic also. The reason for Islamabad blaming New Delhi ... More

Rise in food prices pushes up inflation
THE annual wholesale price index-based inflation rose to 4.14 per cent in the week ended July 9, from the previous week's 4.09 per cent. The spurt in the year-on-year inflation is largely due to an increase in food prices, according to data ... More

Yuan effect: Drug cos to feel the pinch?
THERE may not yet be a crease of worry on the forehead of Mr Satish Nachane, Managing Director of Aarti Drugs Ltd, currently on a business tour in China. But having heard of the Chinese currency yuan's revaluation on Thursday, even before his ... More

Monsoon trough's eastern end reverts to Bay of Bengal
THE eastern end of the monsoon trough has reverted to the sea mouth after descending from the Himalayan foothills in anticipation of the cyclonic circulation expected to take shape over the northwest Bay of Bengal within the next 48 hours. The ... More