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Thursday, February 03, 2005
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S&P raises India's foreign currency rating MUMBAI, FEB. 2.Standard & Poor's (S&P), a leading international rating agency, today raised India's foreign currency rating by one notch. This reflects India's improved external position and growth prospects. It also stated that the outlook for ... 
Nasscom sees 25 p.c. growth in software sectorMUMBAI, FEB. 2.The domestic software market is expected to grow at an all-time high of about 25 per cent in the current financial year, according to the National Association of Software and Service Companies (Nasscom). Exports, meanwhile, are ... Telecom: new FDI norms to take care of security aspects NEW DELHI, FEB. 2.The foreign direct investment (FDI) in the telecom sector to the extent of 74 per cent can come in directly or indirectly into the operating company or through a holding company so that the remaining 26 per cent equity stake ... Industry welcomes move MUMBAINEW DELHI, FEB. 2.FEB. 2.The announcement by the Government to hike the limit of foreign direct investment (FDI) in the Indian telecom sector from 49 per cent to 74 per cent has been widely welcomed by industry. India being among the ... 
Rupee at 5-year peakMUMBAI, FEB. 2. Buoyed by the upgradation of India's foreign currency rating by Standard & Poor's, the rupee today surged to an over five-year closing peak of 43.40/42.In a distinctly bullish interbank foreign exchange market, the rupee gained a ... 
Sensex drops 22 points in scrip-specific activityMUMBAI, FEB. 2. Equities once again witnessed erratic movements after a firm start and the Sensex ended down by 22 points in scrip-specific activity despite the hike in foreign direct investment cap in telecom sector to 74 per cent and ... Lodha seeks contempt proceedings against Birlas KOLKATA, FEB. 2. Rajendra Lodha, claimant to the Rs. 5,000 crore assets of M. P. Birla group, today sought initiation of suo motu contempt proceedings against the Birlas for allegedly trying to disrupt the proceedings of the probate matter by ... Huge provisions pare Indian Bank's profit CHENNAI, FEB. 2.Indian Bank today reported a net profit of Rs. 74.42 crores for the quarter ended December 2004, down from Rs. 184.85 crores in the same quarter last year. The net profit for the nine-months ended December 31, 2004 was Rs. 228.52 ... Other Stories
Barometer Briefly Per capita income rises NEW DELHINEW DELHIMUMBAI, FEB. 2.FEB. 2.FEB. 2.India's national per capita income in real terms at 1993-94 prices rose by 7.1 per cent to Rs. 11,799 during 2003-04 from Rs. 11,013 in the previous year. The per capita income at current prices is ... Other Stories
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