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Tuesday, October 25, 2005
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PSU banks to be told to raise Rs. 60,000 crore
Chidambaram wants banks to upgrade technology

Sensex sheds 148 points
MUMBAI: In highly volatile trading, the Sensex on Monday surrendered early gains and plunged by a steep 148 points on the Bombay Stock Exchange, discounting the statement by the Finance Minister, P. Chidambaram, that steps would be taken to ...

RBI may raise reverse repo rate
`A 25 basis point rise could be absorbed'

Ericsson Chennai centre to focus on services
Ties up with Bharti to manage networks

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Barometer


Briefly
Furnace oil futures launched
NEW DELHI: National Commodity and Derivative Exchange Ltd (NCDEX) on Monday launched furnace oil futures contract in association with Bharat Petroleum Corporation Ltd. ...

Vedanta seeks alumina from open market
NEW DELHI: Fearing a crunch in alumina supply from Orissa after a Central Empowered Committee recommended revocation of its mining clearance, Vedanta Resources on Monday came out with a tender for procuring two lakh tonnes of alumina from the ...

Trading goes mobile with iWin
NEW DELHI: Nokia and Financial Technologies India announced a tie-up to make available `i-Win,' an integrated real-time wireless Internet information and trading platform for retail investors. ...

Reliance Capital stake in Kinetic Engg
NEW DELHI: Kinetic Engineering said Anil Ambani-run Reliance Capital will pick up a 14.96 per cent stake in the company for Rs. 12.70 crore.

High growth seen in contract research
NEW DELHI: Pegging the domestic contract research industry at Rs. 480 crore, Tata Consultancy Services (TCS) has predicted that the sector is likely to grow at 80 per cent. The TCS CRO report — Accelerating Development — said there ...

Dabur India announces 1:1 bonus
CHENNAI: Dabur India has announced a bonus issue in the ratio of one share for every equity share. According to a Bombay Stock Exchange release, the company is increasing the authorised capital to Rs. 125 crore from Rs. 50 crore. The company has ...

Bank of India in pact with Philips
CHENNAI: Bank of India and Philips Electronics India (PEIL) have signed a memorandum of understanding under which Bank of India will offer personal loans for individuals intending to buy consumer products manufactured/marketed by PEIL, according ...

Reliance WebWorld bags Frost & Sullivan award
CHENNAI: Reliance WebWorld has won this year's Frost & Sullivan market leadership award for video conferencing services. The award was given in recognition of Reliance WebWorld's emergence within one year as the single largest player in the ...

New chief for IACC-Tamilnadu Branch
CHENNAI: Sankaran P. Raghunathan, Chairman of Blueshift, an information systems consulting firm based in the U.S. and India, has taken charge as the new Chairman of the Tamilnadu Branch of the Indo-American Chamber of Commerce (IACC). Chella K. ...

Southern India Chamber office-bearers
CHENNAI: S. Ramanathan has been elected President of the Southern India Chamber of Commerce and Industry for 2005-06. A. Vellayan and M. Balasubramanian have been elected Vice-Presidents, says a ...

Anush Shares and Securities becomes CDSL DP
CHENNAI: Anush Shares & Securities Pvt. Ltd. a Chennai-based stockbroker, has received registration as a depository Participant (DP) of Central Depository Services (India) Limited (CDSL). In addition, Mumbai-based Shamrao Vithal Co-operative Bank

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