The Hindu : Business News : Saturday, May 29, 2004

Online edition of India's National Newspaper
Saturday, May 29, 2004

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Sensex crashes 223 points on heavy selling
MUMBAI, MAY 28. The sensitive index crashed by 223 points today wiping out over Rs. 51,000 crores of investors' wealth on across-the-board sell-off by investors disillusioned by the Common Minimum Programme (CMP) of the United Progressive ...

SAIL wipes out losses, registers record profit
NEW DELHI, MAY 28.The Steel Authority of India Limited (SAIL) has wiped out its accumulated losses of Rs. 2,765 crores and has booked the highest-ever net profit of Rs. 2,512 crores for 2003-04. The turnover of India's largest steel producer also ...

Disinvestment — no sharp U-turn here
Call it disinvestment or privatisation, the public sector sale programme has more to do with politics than economics and will ultimately be decided on the basis of what is feasible.

SBI group net crosses $1 b mark
KOLKATA, MAY 28. After establishing its supremacy over the Indian markets, State Bank of India is now planning to go global. The bank has planned to double the profit from its overseas operations in this fiscal against $40 million in 2003-04 and ...

Other Stories

Rupee declines further

AL bets on FCCB route for raising funds

Dr. Reddy's pays Rs. 5 per share

Efforts to make India global services hub

Depositors' rights: banks to formulate policy

Russian tea team visits Assam

ITC recommends Rs. 20 per share

Barometer

Exchange rates

Bombay Stock Exchange

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Briefly
Inflation rises to 4.7 p.c.
NEW DELHI, MAY 28. The UPA Government's commitment to keep price rise under check notwithstanding, inflation rose to 4.67 per cent for the week ended May 15 due to surging prices of mass consumption items like vegetables, milk and edible ...

SITA eyeing acquisitions
NEW DELHI, MAY 28. SITA, the country's largest inbound tour operator owned by the Rs. 500 crore Kuoni India, is planning to acquire companies in the domestic and international markets, particularly South Asia and West Asia. In Nepal, the ...

Reliance launches World Card
KOZHIKODE, MAY 28. Reliance Infocomm today launched a `World Card', a pre-paid card that can be used from any Reliance phone. Speaking at a press conference after launching the World Card, Remesh Babu, Head, Kerala circle of Reliance Infocomm, ...

Sunil Mittal named CEO of the year
NEW DELHI, MAY 28. The Bharti group chief, Sunil Mittal, has been named `Frost & Sullivan CEO of the year'. The award is part of the `Asia Pacific Technology Awards 2004' and is based on the company's actual market performance in the preceding ...

AEPC seeks nodal agency status
COIMBATORE: The Apparel Export Promotion Council has appealed to the Centre to declare it as the nodal agency to issue certificate of origin for the entire garment sector. A release from the AEPC said the Chairman of the council, A. Sakthivel, ...

Seminar on apparel sector
COIMBATORE: Reach Sewn Technologies and Consulting Private Limited organised a "REACH Apparel Manufacturing Summit" in Tirupur recently. According to a release from the company, the focus of the seminar was on growing trends and technological ...

Board nod for share allotment to TVS Autolec
CHENNAI: Sundram Fastners has informed the Bombay Stock Exchange that the directors have approved the allotment of equity shares of the company on the basis of the share exchange ratio of 10 equity shares of Re. 1 each credited as fully paid up ...

iSOFT to expand
CHENNAI: iSOFT has announced its plan to expand its global product development centre based in Chennai to 800 employees by the end of this year. According to Tim Whiston, CEO, the Chennai operation is serving as the group's R & D centre for next ...

Diana Hayden joins Sahara India Pariwar
AMBY VALLEY: Diana Hayden, former Miss World joined Sahara India Pariwar as Senior Vice President. She would be looking after corporate related matters including social welfare, communication and public relations and would be associated with the ...

Other Stories

UTI declares dividend under MIS

Color Chips' production centre in Philippines

Supreme Industries' agri pressure pipes

Bharti Broadband's fleet tracking solution

Porsche sets up operations in India

AK Capital tops merchant bankers league table