NATIONAL Titan clocks 44 per cent growth in sales in Q1 Titan Industries said today (July 20, 2005) it has registered a 44 per cent growth in sales with income from operations going up to Rs 300.16 crore in the first quarter of 2005-06, from Rs 209.16 crore during the corresponding period last year.
Cognizant Technology's Coimbatore unit to hire 400 The new facility of Cognizant Technology Solutions, a leading global IT offshore services provider, at Coimbatore is set to go operational soon, a senior company official said.
"We have everything in place and the centre will be inaugurated shortly. This new 40,000 sq ft development centre in Coimbatore will house 400 people and it will handle application services, testing and infrastructure management," R Ramkumar, director, corporate communications, Cognizant, said.
Hewlett-Packard to slash 14,500 jobs; 10% of staff Hewlett-Packard has targeted 14,500 jobs cuts worldwide or about 10 per cent of its regular full-time staff, including an unspecified number from its Houston campus, over the next 18 months.
Sensex climbs to new record; ends 4 points down Flattering to deceive, the Sensex today (July 20, 2005) once again climbed to new record peaks at 7392.67 before profit taking corrected it down to negative tarrain with a marginal loss of four points.
Essar buys BPL Communication for over Rs 4,400 crore In a major acquisition in the telecom sector, Ruia's Essar group today (July 20, 2005) bought a controlling stake in BPL Communications for a consideration of over Rs 4,400 crore.
Rupee steady against US dollar in early trade The rupee was more or less steady against the US currency with a mild downward bias in mostly listless and range-bound early trade at the Interbank Foreign Exchange (Forex) market today (July 20, 2005).
Opening around 43.53/54 per dollar, the Rupee later edged down 43.54/55 per dollar in late morning deals, little changed from yesterday's (July 19, 2005) close of 43.5400/5450 per dollar.
Biocon reports 20 pc declines in net profit for Q1 Biocon Limited today (July 20, 2005) reported 20 per cent decline in net profit for the quarter-ended June2005 as compared to the corresponding period last year.
Dabhol litigation comes to an end in Supreme Court The Supreme Court today (July 20, 2005) put an end to the vexatious litigation between shareholders of Dabhol Power Corporation, General Electric (GE) and Bechtel and the Maharashtra Government following an out of court settlement.
Sensex hits yet another all-time peak this morning The sensex today (July 20, 2005) hit yet another all-time peak at 7392.67 during the morning trading on the Bombay Stock Exchange (BSE) even as investors focused their attention to mid-cap and small-cap shares.
INTERNATIONAL Oil prices rebound before United States inventories World oil prices rebound on expectations that Government figures will show United States (US) crude inventories fell last week owing to hurricane damage, traders said.
