The Hindu : Business News : Saturday, November 12, 2005

Online edition of India's National Newspaper Saturday, November 12, 2005

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`Probe into cos. not warranted'
Volcker report no proof of wrongdoing: Assocham

Savings only can help fuel growth, says FM
`States must adopt suitable policies to encourage savings'

Sensex zooms 162 points
MUMBAI: Powered by firm global trends amid sliding crude price and consistent foreign institutional investment inflows, the Bombay Stock Exchange benchmark Sensex on Friday flared up by a steep 162 points to end at a month's high of 8471.04 as ...

New investment channels planned in realty sector
Centre to initiate $1.5 b fund for 60 cities

Other Stories

CDMA operators asked to unite

SEBI-FMC merger opposed

Avalon sets up new facility

FM stresses role of banking sector in GDP growth

Smart rally in rupee

Barometer

Exchange rates

Bullion rates

Briefly
FII investment in security receipts
MUMBAI: The Reserve Bank of India on Friday allowed foreign institutional investors, registered with the Securities and Exchange Board of India, to invest in security receipts (SRs) issued by asset reconstruction companies (ARCs) registered with ...

ELSS eligible for Sec. 80C benefit
NEW DELHI: The Central Board of Direct Taxes has clarified that investments made on or after April 1, 2005, in plans which are in accordance with the Equity Linked Savings Scheme (ELSS) 1992 or ELSS 1992 as amended in 1998 are eligible for tax ...

Industry logs 8.8 p.c. growth
NEW DELHI: Manufacturing boom helped the industry sector log 8.8 per cent growth in the first half of 2005-06 against 8.3 per cent in the same period last fiscal. However, decline in mining activities and electricity generation restricted the ...

K.M. Birla gets E&Y award
MUMBAI: Kumar Mangalam Birla, Chairman, Aditya Birla Group, has been named the Ernst & Young Entrepreneur of the Year 2005. Mr. Birla received this award on Friday from Montek Singh Ahluwalia, Deputy Chairman, Planning Commission. Mr. Birla will

SBI Mutual launches Floater Fund
CHENNAI: SBI Mutual Fund on Wednesday launched a new fund, MMIP Floater Fund, which would seek to offer consistent and steady returns by investing in floating rate instruments and protect the investment from the risk arising out of interest rate ...

UTI Master Plus declares dividend of 50 p.c.
CHENNAI: UTI Master Plus unit scheme has declared a tax-free dividend of 50 per cent (Rs. 5 a unit of a face value of Rs. 10). According to a release, the record date has been fixed as November 28. During 2004-05, the scheme had declared a ...

Ethos to set up four exclusive stores
BANGALORE: Ethos, part of the Saboo Business Group company, Kamla Dials and Devices Ltd. (KDDL), will be setting up four exclusive stores, taking the total to ten, each with investments going up to Rs. 2 crore. At the recent launch of the Ethos ...

HelloSoft to expand operations
HYDERABAD: HelloSoft India Pvt. Ltd, a high-end technology based products solutions company, has announced plans for expanding its operations by investing more in R&D and marketing segments for meeting the demand for its wireless local area ...

Credit Suisse opens subsidiary in India
MUMBAI: Credit Suisse officially opened its subsidiary Credit Suisse Consulting (India) Ltd. in Mumbai on November 5. The event was hosted by Walter Berchtold, Chief Executive Officer of Credit Suisse and Member of the Executive Board of Credit ...

TCL India Holdings enters Hyderabad market
HYDERABAD: TCL India Holdings Pvt. Ltd, a wholly owned subsidiary of global television manufacturing major TCL group, has announced the launch of a range of latest electronic consumer durables, including colour televisions in Hyderabad. The new ...

Tiruchi BHEL wins CII-Exim certificate
TIRUCHI: BHEL, Tiruchi, has been awarded CII-EXIM Bank Commendation Certificate for its `significant achievements in total quality management (TQM)' for 2005. This is the sixth time BHEL, Tiruchi, is winning the commendation for its business ...

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