RBI measures steady rupee, stock market feels the pinch
The rupee rallied on Monday after a RBI support package, but the combination of an interest rate rise and a liquidity squeeze piled on the agony in an already weak stock market. The rupee recovered to 44.71/72 per dollar, up slightly more than 0.5% from Friday's all-time closing low of 45.025/30.

US treasuries snooze as Fed chief repeats himself
US treasury investors hit the snooze button on Tuesday as Federal Reserve Chairman Alan Greenspan's second leg of Congressional testimony revealed little to dislodge hopes that interest rates may have peaked.

HDFC Bank devises novel strategy to promote debit cards
HDFC Bank has embarked on an innovative strategy to promote the use of debit-cards. It has launched `Visa Magic Moments' - you will get a refund on any purchase made on a HDFC Bank debit-card during randomly picked up five-minute periods during the day.


  No Japanese pressure on UK to join euro
  Syndicate Bank net profit up by 38 per cent to Rs 71 crore
  Six manufacturing units of Railways hived off
  India can emerge as global giant pharma producer
  Bid evaluation time for national highway contracts reduced
  Transparent subsidy system needed in power sector
  Environment ministry's efforts to monitor surface use of mineral areas sought
  UP clears two road projects worthRs 70.3 crore
  Export growth rate misses targets in three out of five years
  Dr Narendra Pandya conferred the BC Roy National Award
  IPA offers generics below DPCO levels in lieu of phased decontrol of drugs
  Government paves the way to make India an uplinking hub
  Dresdner Bank, Commerzbank merger talks fail
  Executive briefing