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  • Pak elected as president of ECOSOC

    20th January, 2005 21:36

    Pakistan has been elected as the President of United Nations Economic and Social Council, ECOSOC.

  • Analysts bullish on banks, four-wheelers

    20th January, 2005 20:57

    Nandan Chakraborty of Enam Securities says that investors will do well to pick specific stocks, rather than sectors. The brokerage is bullish on banks in the long-

  • Hutch slashes ISD, STD tariffs

    20th January, 2005 20:11

    Hutch slashed cellular ISD tariffs by Rs 1.75 per minute and STD tariffs by Rs 0.35 per minute, to pass on the benefits of reduced access deficit charge, ADC to it

  • Sutherland to hire 4,000 techies in India

    20th January, 2005 18:50

    Sutherland Global Services, a New York-based leading BPO firm will add 4,000 more employees to its India operation, as part of the company's expansion plans.

  • IDBI Bank-IDBI swap fixed at 1.42:1

    20th January, 2005 17:57

    The boards of IDBI and IDBI Bank have approved their merger plans and have fixed the IDBI Bank-IDBI swap ratio at 1.42:1

  • Orchid Chemicals net dips to Rs 5.76 cr

    20th January, 2005 17:36

    Orchid Chemicals net profit has declined to Rs 5.76 crore, while total income decreased marginally to Rs 173.18 crore.

  • Pak invites India for gas pipeline projects

    20th January, 2005 17:30

    Pakistan invites India to join projects being planned with Qatar and Turkmenistan.

  • Mohindar bearish on Satyam, ITC

    20th January, 2005 17:08

    Technical analyst, Rahul Mohindar, is bearish on Satyam, ACC, Gujarat Ambuja, ITC, auto sector and is bullish on TCS.

  • Rupee weakens on greenback accumulation

    20th January, 2005 16:52

    Bonds strengthened but the rupee ended weak as dollar gains overseas prompted greenback accumulation by banks.

  • Xstrata to extend takeover of WMC Resources

    20th January, 2005 16:39

    Xstrata Plc, the world's largest thermal coal exporter, will extend its A$7.4 billion hostile takeover bid for WMC Resources by one month to February 28.

  • Tethyan Copper discovers copper in Pakistan

    20th January, 2005 16:36

    Tethyan Copper has announced the discovery of a second copper-gold porphyry intrusion complex at Sor Baroot in Pakistan.

  • Focus on international formulations: Unichem

    20th January, 2005 16:33

    Drug maker says the collaboration with Lannet Inc is expcted to contribute to Unichem figures post-2006.

  • Sensex bounces back towards close

    20th January, 2005 16:22

    Wild swings were seen on the bourses today as the Sensex oscillated in a wide range of 106.13 points. ITC was the star performer today.

  • Profit growth is sustainable: TV18

    20th January, 2005 16:13

    TV18's third quarter results have exceeded market expectations, and the company says it's operating margins at over 50% are sustainable.

  • No hike in import duty on cotton: Vaghela

    20th January, 2005 15:44

    Shankarsingh Vaghela has ruled out a hike in the import duty on cotton. India's cotton import is not very large, and whatever import is taking place is for blendin

  • Anil willing to talk one-on-one with Mukesh

    20th January, 2005 21:34

    Anil Ambani is said to be willing to talk one-on-one with his elder brother Mukesh Ambani.

  • Budget crucial factor for markets: Experts

    20th January, 2005 20:33

    Caveat emptor, say experts, but feel that there are clear positives coming through, as is a general optimism about investors. The budget would be critical, and the

  • UB's bid for Shaw Wallace liquor biz highest

    20th January, 2005 20:05

    The United Breweries, UB, Group appears to have emerged as the highest bidder for the liquor business of Shaw Wallace.

  • Bangalore hotel industry on a high

    20th January, 2005 18:32

    The hotel industry in Bangalore is witnessing an all-time high. While the business has been on an upswing for the past two years, industry sources say, this year t

  • FM vetoes foreign stake in MFIs

    20th January, 2005 17:41

    Finance Minister P Chidambaram ruled out foreign equities in micro-finance institutions, MFIs. He said Indian banks are flush with funds and there is no need for a

  • Mathew sees lot of resistance in Satyam

    20th January, 2005 17:33

    Technical analyst, E Mathew, sees lot of resistance in Satyam Computer. He feels one should switch from Satyam to a good pharma company like Orchid Chemical.

  • Unichem Labs net up 9% at Rs 9.30 cr

    20th January, 2005 17:21

    Unichem Laboratories net profit for Q3 moved up by 9% to Rs 9.30 crore from Rs 8.50 crore.

  • ACC Q3 net up 138% at Rs 53.08 cr

    20th January, 2005 17:00

    ACC Q3 FY05 net profit is up 138% from Rs 22.32 crore to Rs 53.08 crore.

  • Zinc at 7-year highs on the LME

    20th January, 2005 16:40

    Buoyant zinc prices at fresh seven-year highs provided upside momentum for other contracts on the LME, with most contracts ending higher at the Wednesday late kerb

  • Fund buying leads lead and zinc rise

    20th January, 2005 16:37

    Fund buying in lead and zinc has pushed up LME metals in pre-market trade.

  • Copper futures near two-week highs

    20th January, 2005 16:33

    Copper futures in London and New York traded near two-week closing highs after a report said US home construction surged last month, indicating more demand for cop

  • Satyam Q3 net down 7.42%

    20th January, 2005 16:23

    Satyam's Q3 net profit is down 7.42% to Rs 174.78 crore from Rs 188.79 crore.

  • Holcim, Ambuja make an open offer for ACC

    20th January, 2005 16:19

    The consolidation of ACC, Gujarat Ambuja and Ambuja Eastern under ACIL, in which Holcim will hold majority stake, will bipolarise the sector.

  • New Power Policy awaits Cabinet approval

    20th January, 2005 15:47

    The new Power Policy is ready and has been sent to the Cabinet for approval. The new policy addresses the concerns of the Left parties.

  • Sensex off its days lows, ITC on fire

    20th January, 2005 15:18

    A sudden recovery is seen on the bourses with the heavyweight ITC strengthening. The mood is the rest of market remains muted as the breadth remains negative.

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