Nimish Gupta
Nishant Kumar Singh
Pallabi Ghosh
Group - 15 (Section - F)
US DOLLAR: 44.39
Gold Rate(10gms in Rs): 19948
NIFTY:6019.50
SENSEX:19983.08
Top News
Foreign Investors Make Coal India Issue A big Hit
The COAL INDIA intial public offerings has fetched a tremendous response by subscribing 11.8 times as close at the end of Wednesday,where Foreign Investors Institution(FII) applied for shares more than 1.1lakh crore.Between FII have bid for 493 crore shares under the qualified istitutional total bit of 748 which is the biggest hit.
Rupee Stable Despite Huge FII Inflow
Despite heavy FII inflow of over Rs 1 lakh crore in the last few days,rupees has been flat to stable aganist the dollor as dollor has strenghtened in the overseas market.Open Wednesday,rupee ended at 44.34 to a dollar on Friday where it touched at its high of 43.97 to a dollar.This led Reserve Bank Of Indiato buy dollars.
State Bank Raises Base Rate 10 bps at 7.60%
SBI has raised its Base Rate by 10 Basis Points(bps) to 7.60 percent.BY upping its base rate only marginally at a time where other banls like Punjab Bank, Private sector banks like ICIC Bank and AXIS Bank,.raised its rate by 50 basis point or 25 bps,SBI clearly showed that they want to attract more borrowers from other bank into its fold,as say by the analyists.
L&T To Tie Up Rs 12000 Crore For Hyderbad Metro
Being the lowest bidder,L&T won he Hyderbad Metro project in July admist stiff competition from Reliance Infrastructure, Lanco Infratec & Essar.Larsen &Turbo(L&T) plans to achieve financial closure for Rs 12132 crore for Hyderbad Metro Rail Project by March next.
BHEL bags Rs 34-cr solar power contract from Lakshadweep :-
Bharat Heavy Electricals Ltd (BHEL) said on Wednesday it has bagged contracts worth Rs 35 crore to set up grid-interactive solar power plants of 1,100 kW capacity at eight locations in the union territory of Lakshadweep. “Valued at around Rs 35 crore, the order for setting up the solar photovoltaic power plants at eight islands of Lakshadweep, including the capital Kavaratti, has been placed on the company by Lakshadweep Administration,
Thai realtor Pruksa plans to invest Rs 1,000 cr:-
Thai real estate developer Pruksa Global plans to invest Rs 1,000 crore in projects in India and launched its first residential project in the country at Bangalore on Wednesday. The company has incorporated a wholly-owned subsidiary in India, Pruksa India Housing, which announced a 26-acre villa and row house project in Bangalore.“Continuing our growth in Thailand, we want to invest in opportunities in other countries too. And India will be our first country outside Thailand
Revised cost of Tehri hydro project approved :-
The Government has approved the revised cost estimate of the 1,000 MW first stage of the Tehri hydro electric-project in Uttarakhand, implemented by THDC India Ltd. (THDC), at Rs 8,392.45 crore.“The revised cost of Rs 8,392.45 crore includes interest during construction (IDC),” the Home Minister, Mr P. Chidambaram, told reporters here after a meeting of the Cabinet Committee on Economic Affairs, which cleared the proposal on Wednesday
Tata Metaliks yet to firm up coke oven plant investments:-
Tata Metaliks Ltd is yet to firm up the size of investments for the two coke oven plants (capacity 1.2 lakh tonnes each) it proposes to set up at Redi in Maharashtra and Kharagpur in West Bengal.Last week, the company's board approved the proposal for setting up the coke oven plants, along with a proposal for a sinter plant in Kharagpur. The sinter plant of 40 sq.m, it is estimated, will cost Rs 70 crore - Rs 80 crore and will be ready for operation in 18- 24 months, according to company sources.Inquiries reveal that the investment plans for coke ovens will depend on two factors — the technology and the type of venture
India-Japan Trade Pact May Not Be Inked During PM’s Visit
The much awaited comprehensive economic patnership agreement (CEPA) between india and japan is unlikely to be signed during the visit of the prime minister, Dr Manmohan singh, to tokya on 24 oct for a bilateral summit. There will bw a joint declaration during the prime minister’s visit reflecting the negotiations. The CEPA is to boost the bilateral trade in goods and services as well as investments between India and japan.
Kotak Mahindra Bank Net Rises 55%
Kotak Mahindra Bank report a raise of 55% which increased the net profit to Rs 195 crore in the quater ended September 30,2010,as against Rs 126 Crore in the corresponding year due to healthy growth in the net interest income and lower provisioning,
Common Wealth Games Proves A Damp Squib For Hotel Industry
Though india celebrates the sucessful hosting of common wealth games, the hotel industry likes to forget those disastrous 12 days. According to the president of Hotel and Restaurant Association of Northern India(HRANI) the occupency was far below it was expected. It was just 20% in 1,2,3 star hotels nad 50% in well eastablished hotels.Post CWG the hotel industry fears that Gurgaon and Delhi may be over sarturated.
Infosys launches Finacle mobile banking solution:-
Infosys Technologies has launched Finacle mobile banking 2.0 solution that enables retail and corporate consumers to access banking services through mobile SMS, GPRS, 3G and USSD-enabled handsets. The solution supports multi-host, multilingual, multi-channel, multi-currency banking to facilitate interactive financial management encompassing product selection, proximity payments, remote deposit capture, new account opening, ATM/branch locating based on GPS and value added services.The device-agnostic solution supports over 8,000 mobile handsets including basic handsets and smart devices like iPhone, BlackBerry smartphones and iPad.
Thursday, October 21, 2010
21st October - THE MINT
Piyush Garg
Pawas Gupta
Poran Jyoti Saikia
Section - H (Group-15)
The summary of the complete newspaper are given in bullet points.
· The IT companies which were planning to or have shifted their business to SEZ(safe economic zones) were denied permission by the government as it is not allowed under law. This move will probably impact their operations.
· Kochi franchise of the Indian Premier League which is facing problem regarding its shares equity is safe for the time being but the government has given them a limit till 20 October in order to save themselves from expulsion.
· Apple has become the second most profitable technological firm in the world after Microsoft on the basis of second quarter number.
· The disinvestment programmes of the Indian government is expected to reach 40000crore over the next 5years.
· SBI(State Bank of India) has decided on increasing its lending rate from a minimum lending rate, or base rate, by 10 basis points(bps) to 7.6% and the benchmark prime lending rate or BPLR, by 25 bps to 12.5%.
· The Security Exchange Board of India (SEBI) has asked state owned miner MOIL Ltd to include the two state governments that owns stakes in the firm namely Madhya Pradesh and Maharastra as promoters of its red herring prospectus.
· The quarterly numbers released on Wednesday highlighted the poor cash flow of HCL Technologies Ltd of $27 million in the 3 months ended 30 september in fiscal 2010.
· In his recent visit to India the Japanese Ambassador, Hideaki Domichi, said that Japan wants to enhance ties with India in an faster pace than before. The two countries are expected to sign a Comprehensive Economic Partnership Agreement during the visit in order to strengthen economic ties.
· The government has decided to increase the minimum support price(MSP) of winter crops such as rabi, wheat, gram, barley, oilseeds such as mustard and sunflower. This move is likely to increase food price inflation.
· The Gujarat State Petroleum Ltd (GSPL) has won the bid to lay pipeline from Mehsana in Gujarat to Bhatinda in Punjab. This 1680km pipeline will have the capacity to carry 50 mscmd of gas per day.
· The leaders of Afghanistan and the Taliban leaders have had an extensive discussion over the attacks or arrests by NATO forces. They came to an agreement that the Taliban will maintain peace if it is agreed that no further Taliban members were arrested or killed.
· It is predicted that the air fares and the hotel rates may rise within India and the world in general. It is now up to the airline companies to decide on their respective prices.
· The Obama government has asked the Islamabad authorities to involve more into combating Islamic terrorists with the help of U.S trained special trained units.
· Yes bank and Kotak Mahindra Bank Ltd are riding on profit. The profit during 2010 raised during the quarter ending September 2010 by 58% and 21% for Yes bank and Kotak Mahindra bank respectively.
· Elattuvalapil Sreedharan, the man who introduced metro in India, suggested that Delhi Metro Rail Corp.Ltd(DMRC) should go public in footsteps of MTR Corp. Ltd in Hong Kong.
· A Delhi based data telecom and information technology firm, Tulip Telecom Ltd, in order to increase private equity investments plans to raise 1000 crore.
· B. Ramalinga Raju, founder of Satyam Computer Services Ltd, and some of his family members violated a prohibitory order of the supreme court and tried to sell their assets, as reported by CBI.
· Emaar MGF Land Ltd, the main builders of the Commonwealth Games(CWG) was taken involved in a legal action taken by the supreme court due to various deficiencies and irregularities in construction.
· Foreign direct investment decreased from April to August due to slow recovery of the global market.
· After heavy increase in the SENSEX this is the lowest slump as SENSEX has come down to 19872.15 which is a fall of 110.98 or 0.6%. the gauge is at its lowest level since 23rd september. The NIFTY has fallen down to 5982.1. it is a fall of 0.8%.
· China’s surprise increase in interest rate is likely to accelerate capital control in the more export dependent Asian countries.
Pawas Gupta
Poran Jyoti Saikia
Section - H (Group-15)
The summary of the complete newspaper are given in bullet points.
· The IT companies which were planning to or have shifted their business to SEZ(safe economic zones) were denied permission by the government as it is not allowed under law. This move will probably impact their operations.
· Kochi franchise of the Indian Premier League which is facing problem regarding its shares equity is safe for the time being but the government has given them a limit till 20 October in order to save themselves from expulsion.
· Apple has become the second most profitable technological firm in the world after Microsoft on the basis of second quarter number.
· The disinvestment programmes of the Indian government is expected to reach 40000crore over the next 5years.
· SBI(State Bank of India) has decided on increasing its lending rate from a minimum lending rate, or base rate, by 10 basis points(bps) to 7.6% and the benchmark prime lending rate or BPLR, by 25 bps to 12.5%.
· The Security Exchange Board of India (SEBI) has asked state owned miner MOIL Ltd to include the two state governments that owns stakes in the firm namely Madhya Pradesh and Maharastra as promoters of its red herring prospectus.
· The quarterly numbers released on Wednesday highlighted the poor cash flow of HCL Technologies Ltd of $27 million in the 3 months ended 30 september in fiscal 2010.
· In his recent visit to India the Japanese Ambassador, Hideaki Domichi, said that Japan wants to enhance ties with India in an faster pace than before. The two countries are expected to sign a Comprehensive Economic Partnership Agreement during the visit in order to strengthen economic ties.
· The government has decided to increase the minimum support price(MSP) of winter crops such as rabi, wheat, gram, barley, oilseeds such as mustard and sunflower. This move is likely to increase food price inflation.
· The Gujarat State Petroleum Ltd (GSPL) has won the bid to lay pipeline from Mehsana in Gujarat to Bhatinda in Punjab. This 1680km pipeline will have the capacity to carry 50 mscmd of gas per day.
· The leaders of Afghanistan and the Taliban leaders have had an extensive discussion over the attacks or arrests by NATO forces. They came to an agreement that the Taliban will maintain peace if it is agreed that no further Taliban members were arrested or killed.
· It is predicted that the air fares and the hotel rates may rise within India and the world in general. It is now up to the airline companies to decide on their respective prices.
· The Obama government has asked the Islamabad authorities to involve more into combating Islamic terrorists with the help of U.S trained special trained units.
· Yes bank and Kotak Mahindra Bank Ltd are riding on profit. The profit during 2010 raised during the quarter ending September 2010 by 58% and 21% for Yes bank and Kotak Mahindra bank respectively.
· Elattuvalapil Sreedharan, the man who introduced metro in India, suggested that Delhi Metro Rail Corp.Ltd(DMRC) should go public in footsteps of MTR Corp. Ltd in Hong Kong.
· A Delhi based data telecom and information technology firm, Tulip Telecom Ltd, in order to increase private equity investments plans to raise 1000 crore.
· B. Ramalinga Raju, founder of Satyam Computer Services Ltd, and some of his family members violated a prohibitory order of the supreme court and tried to sell their assets, as reported by CBI.
· Emaar MGF Land Ltd, the main builders of the Commonwealth Games(CWG) was taken involved in a legal action taken by the supreme court due to various deficiencies and irregularities in construction.
· Foreign direct investment decreased from April to August due to slow recovery of the global market.
· After heavy increase in the SENSEX this is the lowest slump as SENSEX has come down to 19872.15 which is a fall of 110.98 or 0.6%. the gauge is at its lowest level since 23rd september. The NIFTY has fallen down to 5982.1. it is a fall of 0.8%.
· China’s surprise increase in interest rate is likely to accelerate capital control in the more export dependent Asian countries.
21st October - FINANCIAL EXPRESS
Noopur Gupta
Nikhil Kumar
Section -I
Telecom players hit fresh security wall with govt
Home ministry asked operator to provide LBS (Location Based Surveillance) of calls with 24x7 details
which will cost operators around Rs.10,000 to Rs. 25,000 Crore.
According to the home ministry LBS would prevent terror attacks like one in Mumbai on 26/11/2008.
The idea has been borrowed from the emergency(E)911 service in the US. Which provides LBS
However, the home ministry has tried to tighten the security norms through LBS, RIM being asked to provide the relevant information by the end of the year and earlier through Stringent Import Norms to share the software and hardware source code with the Govt..
Recently, home minister has asked operators to stop providing mobile connections through retailers and distributors and opt for courier and post services.
Govt mulls new IIM curricula to suit India Inc
Kolkata, its education conclave by Indian chamber of commerce where HRD MINISTER KAPIL SIBAL said the following:
planning to bring changes in the IIM curriculum
present curriculum suits the western multinational needs more than the India's needs
he also said, the agricultural and rural bank sector especially deals with micro credit – needs IIM trained people
he bet big on the NATIONAL ACCREDITATION REGULATORY AUTHORITY 2010 which could have the following:-
800 more universities
40,000 colleges which will take in 40 million students passing out by 2020.
5. for this the Govt needs private support.
Green nod for Navi Mumbai airport in NOV
Civil Aviation Minister PRAFUL PATEL sounds optimistic on early resolution to the NAVI MUMBAI airport site issue by November.
The approval for the 2nd tranche of Rs.12,000 Cr equity infusion is expected next month and if the amount fails an additional Rs. 2000 Cr, aid will be provided later.
He adds that matter can't linger for long, as it was seriously affecting the growing air traffic in Mumbai.
The project had lit a road black in the past few months due to environment related issues.
New airport is expected to handle an additional 60 million passengers a year.
Sensex falls by 111 pts on China rate hike
MFI body seeks regulator to check indiscipline in sector
Mumbai, VIJAY MAHAJAN, President of MFIN (Micro Finance Institution Network) asked for a regulator to check indiscipline in sector.
MFIN regulator will go beyond the prudential regulation and cover all aspects like prevention of over lending, excessive profit and coercive recoveries and also grievance redressal of clients
flaying the ordinance of AP Govt. he said “Ordinance is anti – people”. It will drive poor people in the clutches of money lenders.
In fact, this ordinance gives Rs. 2,400 Cr in the hands of money lenders which will be a extra interest for the poor to pay.
The interest rate charged by MFI is 24% p.a. against 30% charged by money lenders.
SBI retail, corporate loan to be costlier from today
Retail and corporate loans will be costlier from Thursday. Even the (BPLR) Benchmark prime lending rate and base rate have increased
Base have increased 10bps from 7.50 % to 7.60 % BPLR have increased 25 bps from 12.25% to 12.50%.
SBI has lowest base rate at 7.6% in the industry.
Banks are compelled to increase lending rates since their cost of borrowing has risen .
Other banks including ICICI had increased deposit rate by 25 to 75bps across various maturities .
Nikhil Kumar
Section -I
Telecom players hit fresh security wall with govt
Home ministry asked operator to provide LBS (Location Based Surveillance) of calls with 24x7 details
which will cost operators around Rs.10,000 to Rs. 25,000 Crore.
According to the home ministry LBS would prevent terror attacks like one in Mumbai on 26/11/2008.
The idea has been borrowed from the emergency(E)911 service in the US. Which provides LBS
However, the home ministry has tried to tighten the security norms through LBS, RIM being asked to provide the relevant information by the end of the year and earlier through Stringent Import Norms to share the software and hardware source code with the Govt..
Recently, home minister has asked operators to stop providing mobile connections through retailers and distributors and opt for courier and post services.
Govt mulls new IIM curricula to suit India Inc
Kolkata, its education conclave by Indian chamber of commerce where HRD MINISTER KAPIL SIBAL said the following:
planning to bring changes in the IIM curriculum
present curriculum suits the western multinational needs more than the India's needs
he also said, the agricultural and rural bank sector especially deals with micro credit – needs IIM trained people
he bet big on the NATIONAL ACCREDITATION REGULATORY AUTHORITY 2010 which could have the following:-
800 more universities
40,000 colleges which will take in 40 million students passing out by 2020.
5. for this the Govt needs private support.
Green nod for Navi Mumbai airport in NOV
Civil Aviation Minister PRAFUL PATEL sounds optimistic on early resolution to the NAVI MUMBAI airport site issue by November.
The approval for the 2nd tranche of Rs.12,000 Cr equity infusion is expected next month and if the amount fails an additional Rs. 2000 Cr, aid will be provided later.
He adds that matter can't linger for long, as it was seriously affecting the growing air traffic in Mumbai.
The project had lit a road black in the past few months due to environment related issues.
New airport is expected to handle an additional 60 million passengers a year.
Sensex falls by 111 pts on China rate hike
MFI body seeks regulator to check indiscipline in sector
Mumbai, VIJAY MAHAJAN, President of MFIN (Micro Finance Institution Network) asked for a regulator to check indiscipline in sector.
MFIN regulator will go beyond the prudential regulation and cover all aspects like prevention of over lending, excessive profit and coercive recoveries and also grievance redressal of clients
flaying the ordinance of AP Govt. he said “Ordinance is anti – people”. It will drive poor people in the clutches of money lenders.
In fact, this ordinance gives Rs. 2,400 Cr in the hands of money lenders which will be a extra interest for the poor to pay.
The interest rate charged by MFI is 24% p.a. against 30% charged by money lenders.
SBI retail, corporate loan to be costlier from today
Retail and corporate loans will be costlier from Thursday. Even the (BPLR) Benchmark prime lending rate and base rate have increased
Base have increased 10bps from 7.50 % to 7.60 % BPLR have increased 25 bps from 12.25% to 12.50%.
SBI has lowest base rate at 7.6% in the industry.
Banks are compelled to increase lending rates since their cost of borrowing has risen .
Other banks including ICICI had increased deposit rate by 25 to 75bps across various maturities .
21st October - BUSINESS STANDARD
Parinita Dash
Parvesh Kumar
Pawandeep Singh
(section- G)
Rates:Sensex 19872.15 (fall) 110.98Nifty 5982.10 (fall) 25.70Dollar Rs. 44.36 Rs. 44.35Euro Rs. 61.35 Rs. 61.59Gold Rs. 19450 (fall) Rs. 285(10 gm)Front Page:ECONOMY-Budget May Prune Excise Exemptions:* the finance minister is looking into the possibility of phasing outsome exemptions from the Centre's excise list in the next Budget.* the move is part of the transition exercise to the goods andservices tax (GST) regime, slated to come into force next financialyear.MFI Activities in AP Come to a Halt:* the Andra Pradesh Micro Finance Institutions Ordinance, 2010, whichcame into effect on October 15, stipulates that MFIs should registerwith the project director of the district rural development agency.SBI Limits Base Rate Increase to 10 bps:* SBI's new base rate, the benchmark for all other loans, will be 7.6%for the quarter till December 31, compared with 7.5%.* this is SBI's first increase in base rate since the new lending ratesystem was introduced on July 1.INDUSTRIES-IAF Order Worth Rs. 250 Crore to Indian Industry:* after a year of rigorous flight trials in the Indian Air Force'sfrontline Sukhoi-30MKI fighters, Samtel's home-built cockpit displayshave been certified as suitable for introduction into frontlineservice.The East will Light Up, Hopes ONGC:* while Reliance Industries Ltd (RIL) has bought interests in threeshale gas assets in the United States, Government owned Oil andNatural Gas Corporation (ONGC) began drilling at its maiden shale gaswell at Ichhapur in West Bengal's Burdwan district last month.HCL Technologies Net Up 3%:* HCL technologies, the country's fourth-largest informationtechnology service exporter, today posted a 3.1% rise in its Septemberquarternet profit at Rs. 331.1 crore, compared to Rs. 321.3 in theyear ago quarter.* HCL Technologies has appointed Vineet Nayar as its vice-chairman,effective from November 1.Record Sales Push Leyland's net up 89%:* Dheeraj Hinduja, son of Gopichand Hinduja, is the new chairman ofAshok Leyland.* commercial vehicle major Ashok Leyland has reported 89% growth innet profit to Rs. 167 crore during the second quarterof this financialyear, as compared to Rs. 88.6 crore, during the same period last year.GENERAL-No New Mosque in Ayodhya, says VHP:* the Sant Uch-adhikar Samiti of the Vishwa Hindu Parishad (VHP) hassaid they would not share the disputed site in Ayodhya with themuslims.Government Decides on Major Push for Pulses:* pulses saw the highest rise of Rs. 340-380 per quintal in minimumsupport price (MSP), the Government announcing these for the currentrabi season.* the decision by the cabinet comittee on economic affairs is aimed atencouraging farmers to take up cultivation of masur and chana in a bigway, so that India can rescue dependence on imports.Amendment to Enemy Property Act approved:* the Government today approved that such property is divested only tothe owner or his lawful heir and continues to vest in the custodiantill it is divested by the Centre.Land Prices zoom around Navi Mumbai Airport site:* land prices in the 18 villages to be affected due to the proposedinternational airport in Navi Mumbai have skyrocketed.A Low Carbon Economy a tough ask for India:* the INFRA SECTOR accounts for 58% of the country's total greenhousegas emission.NCDEX looks to Upgrade APMC markets:* commodity exchange NCDEX today said it was in talks with variousstate governments for upgrading Agricultural Produce MarketingCommittee (APMC) on a build-operate-transfer (BoT) basis.ZEE: Once Bitten Twice Shy:* after a poor experience in 2001, the channel has steered clear ofbig-bang spends and is focusing on profits rather than stars.FED Wants Banks to buy some bad Mortgages:* to the long list of those picking fights with banks over badmortgages, add the Fedeal Reserve.* 2 years after the FED bought billions of dollars in mortgagesecurities as part of the financial bailout, its New York arm isquestioning the paper work and pressing banks to buy some of theinvestments back.Are Indian firms in US funding Anti-Democratic campaign:* yes, if a US website, which lists out the names of 54 Indian firms,is to be taken seriously.UIDAI Shortlists Nine IT Firms for Rs. 2000 crore Deal:* the Unique Identification Authority of India (UIDAI) has shortlistednine information technology service companies for the managed servicesprovider (MSP) contract.INTERNATIONAL-Canada's Watchdog bites Google for Flouting Privacy:* Canada's privacy watchdog accused Google Inc on tuesday of violatingthe rights ofv thousands of Canadians by inappropriately collectingtheir personal information in building its Street View service.China Factory output up 16.3% in January-Sept:* the output is likely to expand over 13% in the whole of 2010.
Parvesh Kumar
Pawandeep Singh
(section- G)
Rates:Sensex 19872.15 (fall) 110.98Nifty 5982.10 (fall) 25.70Dollar Rs. 44.36 Rs. 44.35Euro Rs. 61.35 Rs. 61.59Gold Rs. 19450 (fall) Rs. 285(10 gm)Front Page:ECONOMY-Budget May Prune Excise Exemptions:* the finance minister is looking into the possibility of phasing outsome exemptions from the Centre's excise list in the next Budget.* the move is part of the transition exercise to the goods andservices tax (GST) regime, slated to come into force next financialyear.MFI Activities in AP Come to a Halt:* the Andra Pradesh Micro Finance Institutions Ordinance, 2010, whichcame into effect on October 15, stipulates that MFIs should registerwith the project director of the district rural development agency.SBI Limits Base Rate Increase to 10 bps:* SBI's new base rate, the benchmark for all other loans, will be 7.6%for the quarter till December 31, compared with 7.5%.* this is SBI's first increase in base rate since the new lending ratesystem was introduced on July 1.INDUSTRIES-IAF Order Worth Rs. 250 Crore to Indian Industry:* after a year of rigorous flight trials in the Indian Air Force'sfrontline Sukhoi-30MKI fighters, Samtel's home-built cockpit displayshave been certified as suitable for introduction into frontlineservice.The East will Light Up, Hopes ONGC:* while Reliance Industries Ltd (RIL) has bought interests in threeshale gas assets in the United States, Government owned Oil andNatural Gas Corporation (ONGC) began drilling at its maiden shale gaswell at Ichhapur in West Bengal's Burdwan district last month.HCL Technologies Net Up 3%:* HCL technologies, the country's fourth-largest informationtechnology service exporter, today posted a 3.1% rise in its Septemberquarternet profit at Rs. 331.1 crore, compared to Rs. 321.3 in theyear ago quarter.* HCL Technologies has appointed Vineet Nayar as its vice-chairman,effective from November 1.Record Sales Push Leyland's net up 89%:* Dheeraj Hinduja, son of Gopichand Hinduja, is the new chairman ofAshok Leyland.* commercial vehicle major Ashok Leyland has reported 89% growth innet profit to Rs. 167 crore during the second quarterof this financialyear, as compared to Rs. 88.6 crore, during the same period last year.GENERAL-No New Mosque in Ayodhya, says VHP:* the Sant Uch-adhikar Samiti of the Vishwa Hindu Parishad (VHP) hassaid they would not share the disputed site in Ayodhya with themuslims.Government Decides on Major Push for Pulses:* pulses saw the highest rise of Rs. 340-380 per quintal in minimumsupport price (MSP), the Government announcing these for the currentrabi season.* the decision by the cabinet comittee on economic affairs is aimed atencouraging farmers to take up cultivation of masur and chana in a bigway, so that India can rescue dependence on imports.Amendment to Enemy Property Act approved:* the Government today approved that such property is divested only tothe owner or his lawful heir and continues to vest in the custodiantill it is divested by the Centre.Land Prices zoom around Navi Mumbai Airport site:* land prices in the 18 villages to be affected due to the proposedinternational airport in Navi Mumbai have skyrocketed.A Low Carbon Economy a tough ask for India:* the INFRA SECTOR accounts for 58% of the country's total greenhousegas emission.NCDEX looks to Upgrade APMC markets:* commodity exchange NCDEX today said it was in talks with variousstate governments for upgrading Agricultural Produce MarketingCommittee (APMC) on a build-operate-transfer (BoT) basis.ZEE: Once Bitten Twice Shy:* after a poor experience in 2001, the channel has steered clear ofbig-bang spends and is focusing on profits rather than stars.FED Wants Banks to buy some bad Mortgages:* to the long list of those picking fights with banks over badmortgages, add the Fedeal Reserve.* 2 years after the FED bought billions of dollars in mortgagesecurities as part of the financial bailout, its New York arm isquestioning the paper work and pressing banks to buy some of theinvestments back.Are Indian firms in US funding Anti-Democratic campaign:* yes, if a US website, which lists out the names of 54 Indian firms,is to be taken seriously.UIDAI Shortlists Nine IT Firms for Rs. 2000 crore Deal:* the Unique Identification Authority of India (UIDAI) has shortlistednine information technology service companies for the managed servicesprovider (MSP) contract.INTERNATIONAL-Canada's Watchdog bites Google for Flouting Privacy:* Canada's privacy watchdog accused Google Inc on tuesday of violatingthe rights ofv thousands of Canadians by inappropriately collectingtheir personal information in building its Street View service.China Factory output up 16.3% in January-Sept:* the output is likely to expand over 13% in the whole of 2010.
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