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    <title>Indian Shares</title>
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    <description>Investing in the future</description>
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          <font color="#000000">
            <font face="Arial"> Inflation in India rose more than expected
      in early February to a six month high on rising food prices and fuel prices. Inflation
      remains below the Indian central bank's target rate of 5% but economists say it could
      breach that level in the near future"</font>
          </font>
        </p>
        <p>
          <font face="Arial" color="#000000">More info </font>
          <a href="http://news.bbc.co.uk/2/hi/business/7258501.stm ">
            <font face="Arial" color="#000000">food</font>
          </a>
          <font face="Arial" color="#000000"> and </font>
          <a href="http://news.bbc.co.uk/2/hi/business/7245602.stm">
            <font face="Arial" color="#000000">fuel</font>
          </a>
          <font face="Arial" color="#000000">.</font>
        </p>
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      </body>
      <title>Indian Inflation </title>
      <guid>http://www.indianshares.co.uk/PermaLink,guid,be50dc12-f946-40eb-93fa-b7b09e90dc98.aspx</guid>
      <link>http://www.indianshares.co.uk/PermaLink,guid,be50dc12-f946-40eb-93fa-b7b09e90dc98.aspx</link>
      <pubDate>Sun, 24 Feb 2008 22:40:15 GMT</pubDate>
      <description>&lt;p&gt;
   &lt;font color=#000000&gt;&lt;font face=Arial&gt;&amp;nbsp;Inflation in India rose more than expected
   in early February to a six month high on rising food prices and fuel prices. Inflation
   remains below the Indian central bank's target rate of 5% but economists say it could
   breach that level in the near future"&lt;/font&gt;&lt;/font&gt;
&lt;/p&gt;
&lt;p&gt;
   &lt;font face=Arial color=#000000&gt;More info &lt;/font&gt;&lt;a href="http://news.bbc.co.uk/2/hi/business/7258501.stm "&gt;&lt;font face=Arial color=#000000&gt;food&lt;/font&gt;&lt;/a&gt;&lt;font face=Arial color=#000000&gt; and &lt;/font&gt;&lt;a href="http://news.bbc.co.uk/2/hi/business/7245602.stm"&gt;&lt;font face=Arial color=#000000&gt;fuel&lt;/font&gt;&lt;/a&gt;&lt;font face=Arial color=#000000&gt;.&lt;/font&gt;
&lt;/p&gt;
&lt;img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=be50dc12-f946-40eb-93fa-b7b09e90dc98" /&gt;</description>
      <comments>http://www.indianshares.co.uk/CommentView,guid,be50dc12-f946-40eb-93fa-b7b09e90dc98.aspx</comments>
      <category>Economy;Retail;Shares;Stock Market</category>
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      <body xmlns="http://www.w3.org/1999/xhtml">"The Asian Development Bank (ADB) has raised
   its forecast for Asian growth, saying that stronger consumer spending will help offset
   weaker exports." <a href="http://news.bbc.co.uk/1/hi/business/6498095.stm">Full Article....</a><br /><p></p><img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=a93cc206-441d-42d7-b357-c4cc29b48619" /></body>
      <title>Asian growth forecast raised by ADB</title>
      <guid>http://www.indianshares.co.uk/PermaLink,guid,a93cc206-441d-42d7-b357-c4cc29b48619.aspx</guid>
      <link>http://www.indianshares.co.uk/PermaLink,guid,a93cc206-441d-42d7-b357-c4cc29b48619.aspx</link>
      <pubDate>Thu, 29 Mar 2007 19:25:50 GMT</pubDate>
      <description>"The Asian Development Bank (ADB) has raised its forecast for Asian growth, saying that stronger consumer spending will help offset weaker exports." &lt;a href="http://news.bbc.co.uk/1/hi/business/6498095.stm"&gt;Full
Article....&lt;/a&gt;
&lt;br&gt;
&lt;p&gt;
&lt;/p&gt;
&lt;img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=a93cc206-441d-42d7-b357-c4cc29b48619" /&gt;</description>
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      <category>Economy;Shares;Stock Market</category>
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      <body xmlns="http://www.w3.org/1999/xhtml">Shareholders in the steelmaker Corus have
   overwhelmingly voted to accept a £5.75bn takeover offer from Indian firm Tata Steel.
   More than 97% of its shareholders backed the deal at an extraordinary general meeting,
   creating the world's fifth-largest steel group. More than  97% of Corus shareholders
   backed the deal.<br /><br /><ul><li><a href="http://www.tatasteel.com/newsroom/press342.asp">Letter to stock Exchange
         - Corus Shareholders approve Scheme of Arrangement</a></li><li><a href="http://www.corusgroup.com/en/investors/tata_steel_offer/">Tata Steel Offer</a></li></ul><br /><p></p><img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=4d457b0e-3d06-45d2-bb13-b5ef7be65a46" /></body>
      <title>Tata deal approved by Corus shareholders </title>
      <guid>http://www.indianshares.co.uk/PermaLink,guid,4d457b0e-3d06-45d2-bb13-b5ef7be65a46.aspx</guid>
      <link>http://www.indianshares.co.uk/PermaLink,guid,4d457b0e-3d06-45d2-bb13-b5ef7be65a46.aspx</link>
      <pubDate>Mon, 12 Mar 2007 23:28:37 GMT</pubDate>
      <description>Shareholders in the steelmaker Corus have overwhelmingly voted to accept a £5.75bn takeover offer from Indian firm Tata Steel. More than 97% of its shareholders backed the deal at an extraordinary general meeting, creating the world's fifth-largest steel group. More than&amp;nbsp; 97% of Corus shareholders backed the deal.&lt;br&gt;
&lt;br&gt;
&lt;ul&gt;
   &lt;li&gt;
      &lt;a href="http://www.tatasteel.com/newsroom/press342.asp"&gt;Letter to stock Exchange
      - Corus Shareholders approve Scheme of Arrangement&lt;/a&gt;
   &lt;/li&gt;
   &lt;li&gt;
      &lt;a href="http://www.corusgroup.com/en/investors/tata_steel_offer/"&gt;Tata Steel Offer&lt;/a&gt;
   &lt;/li&gt;
&lt;/ul&gt;
&lt;br&gt;
&lt;p&gt;
&lt;/p&gt;
&lt;img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=4d457b0e-3d06-45d2-bb13-b5ef7be65a46" /&gt;</description>
      <comments>http://www.indianshares.co.uk/CommentView,guid,4d457b0e-3d06-45d2-bb13-b5ef7be65a46.aspx</comments>
      <category>Economy;Shares;Stock Market;TATA</category>
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      <slash:comments>1</slash:comments>
      <body xmlns="http://www.w3.org/1999/xhtml">"No longer is India seen as one of investment's
   wild frontiers, where you can make big bucks if you take big risks. Increasingly,
   Western companies are viewing India as a market in which they simply can't afford
   not to be present."<br /><br />
   Source: <a href="http://news.independent.co.uk/business/analysis_and_features/article2341409.ece">The
   Independent</a><br /><br /><br /><br /><br /><p></p><img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=059e8ca2-d11b-4c15-a6c8-9960fbb4ab7d" /></body>
      <title>The Independent profiles investing in India</title>
      <guid>http://www.indianshares.co.uk/PermaLink,guid,059e8ca2-d11b-4c15-a6c8-9960fbb4ab7d.aspx</guid>
      <link>http://www.indianshares.co.uk/PermaLink,guid,059e8ca2-d11b-4c15-a6c8-9960fbb4ab7d.aspx</link>
      <pubDate>Sat, 10 Mar 2007 23:39:07 GMT</pubDate>
      <description>"No longer is India seen as one of investment's wild frontiers, where
you can make big bucks if you take big risks. Increasingly, Western
companies are viewing India as a market in which they simply can't
afford not to be present."&lt;br&gt;
&lt;br&gt;
Source: &lt;a href="http://news.independent.co.uk/business/analysis_and_features/article2341409.ece"&gt;The
Independent&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;br&gt;
&lt;br&gt;
&lt;br&gt;
&lt;p&gt;
&lt;/p&gt;
&lt;img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=059e8ca2-d11b-4c15-a6c8-9960fbb4ab7d" /&gt;</description>
      <comments>http://www.indianshares.co.uk/CommentView,guid,059e8ca2-d11b-4c15-a6c8-9960fbb4ab7d.aspx</comments>
      <category>Economy;Shares;Stock Market</category>
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      <body xmlns="http://www.w3.org/1999/xhtml">Vodaphone has completed the purchase of
   67% of shares in Hutchison Essar, beating off a bid from Reliance Communications.
   The capture marks a shift in strategy as Vodaphone moves away from the Swiss and Belgian
   mobile phone markets to emerging economies. The Indian mobile phone market is witnessing
   fantastic growth at present.<br /><br />
   Related Articles:<br /><a class="TitleLinkStyle" href="PermaLink,guid,515e40ca-cd25-4046-8221-ed0a04e7ce59.aspx"><span class="">Vodaphone</span> battling
   with Essar for Indian Mobile Phone Company</a><br /><a class="TitleLinkStyle" href="PermaLink,guid,d66fd498-f1a7-41a1-932d-3bef6eccba22.aspx"><span class="">Vodaphone</span> looking
   to expand in India</a><br /><br /><br /><p></p><img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=3d9c792d-89b0-419a-93a8-403b46e0a332" /></body>
      <title>Vodaphone grabs Indian Mobile market share</title>
      <guid>http://www.indianshares.co.uk/PermaLink,guid,3d9c792d-89b0-419a-93a8-403b46e0a332.aspx</guid>
      <link>http://www.indianshares.co.uk/PermaLink,guid,3d9c792d-89b0-419a-93a8-403b46e0a332.aspx</link>
      <pubDate>Mon, 12 Feb 2007 22:27:44 GMT</pubDate>
      <description>Vodaphone has completed the purchase of 67% of shares in Hutchison Essar, beating off a bid from Reliance Communications. The capture marks a shift in strategy as Vodaphone moves away from the Swiss and Belgian mobile phone markets to emerging economies. The Indian mobile phone market is witnessing fantastic growth at present.&lt;br&gt;
&lt;br&gt;
Related Articles:&lt;br&gt;
&lt;a class="TitleLinkStyle" href="PermaLink,guid,515e40ca-cd25-4046-8221-ed0a04e7ce59.aspx"&gt;&lt;span class=""&gt;Vodaphone&lt;/span&gt; battling
with Essar for Indian Mobile Phone Company&lt;/a&gt;
&lt;br&gt;
&lt;a class="TitleLinkStyle" href="PermaLink,guid,d66fd498-f1a7-41a1-932d-3bef6eccba22.aspx"&gt;&lt;span class=""&gt;Vodaphone&lt;/span&gt; looking
to expand in India&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;br&gt;
&lt;p&gt;
&lt;/p&gt;
&lt;img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=3d9c792d-89b0-419a-93a8-403b46e0a332" /&gt;</description>
      <comments>http://www.indianshares.co.uk/CommentView,guid,3d9c792d-89b0-419a-93a8-403b46e0a332.aspx</comments>
      <category>Economy;Shares;Stock Market;Telecoms</category>
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      <body xmlns="http://www.w3.org/1999/xhtml">Indian software giant Infosys is reporting
   a 52.4% risein quarterly profits and 47% increase in revenue, on the back of strong
   outsourcing orders from Western firms. JC Penny recently outsourced to InfoSys as
   did over 40 more companies this quarter.<br /><br /><br /><p></p><img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=3c9dce91-3875-499e-8dc5-73038143665e" /></body>
      <title>InfoSys profits up over 50% for the quarter</title>
      <guid>http://www.indianshares.co.uk/PermaLink,guid,3c9dce91-3875-499e-8dc5-73038143665e.aspx</guid>
      <link>http://www.indianshares.co.uk/PermaLink,guid,3c9dce91-3875-499e-8dc5-73038143665e.aspx</link>
      <pubDate>Sun, 14 Jan 2007 00:25:02 GMT</pubDate>
      <description>Indian software giant Infosys is reporting a 52.4% risein quarterly profits and 47% increase in revenue, on the back of strong outsourcing orders from Western firms. JC Penny recently outsourced to InfoSys as did over 40 more companies this quarter.&lt;br&gt;
&lt;br&gt;
&lt;br&gt;
&lt;p&gt;
&lt;/p&gt;
&lt;img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=3c9dce91-3875-499e-8dc5-73038143665e" /&gt;</description>
      <comments>http://www.indianshares.co.uk/CommentView,guid,3c9dce91-3875-499e-8dc5-73038143665e.aspx</comments>
      <category>Infosys;Off Shore;Outsourcing;Shares;Stock Market</category>
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      <body xmlns="http://www.w3.org/1999/xhtml">Vodafone is reported to be facing competition
   in its bid for he Hutchison Whampoa from Indian conglomerate Essar, which has 33%
   of Hutchison Whampoa Mobile Phone business. Unlike Vodophone Essar is not affected
   by the 74% limit on foreign ownership of Indian mobile phone providers.<br /><br /><a href="http://www.indianshares.co.uk/PermaLink,guid,d66fd498-f1a7-41a1-932d-3bef6eccba22.aspx">More
   Info.</a><br /><br /><br /><p></p><img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=515e40ca-cd25-4046-8221-ed0a04e7ce59" /></body>
      <title>Vodaphone battling with Essar for Indian Mobile Phone Company</title>
      <guid>http://www.indianshares.co.uk/PermaLink,guid,515e40ca-cd25-4046-8221-ed0a04e7ce59.aspx</guid>
      <link>http://www.indianshares.co.uk/PermaLink,guid,515e40ca-cd25-4046-8221-ed0a04e7ce59.aspx</link>
      <pubDate>Thu, 28 Dec 2006 22:26:13 GMT</pubDate>
      <description>Vodafone is reported to be facing competition in its bid for he Hutchison Whampoa from Indian conglomerate Essar, which has 33% of Hutchison Whampoa Mobile Phone business. Unlike Vodophone Essar is not affected by the 74% limit on foreign ownership of Indian mobile phone providers.&lt;br&gt;
&lt;br&gt;
&lt;a href="http://www.indianshares.co.uk/PermaLink,guid,d66fd498-f1a7-41a1-932d-3bef6eccba22.aspx"&gt;More
Info.&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;br&gt;
&lt;p&gt;
&lt;/p&gt;
&lt;img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=515e40ca-cd25-4046-8221-ed0a04e7ce59" /&gt;</description>
      <comments>http://www.indianshares.co.uk/CommentView,guid,515e40ca-cd25-4046-8221-ed0a04e7ce59.aspx</comments>
      <category>Economy;Shares;Stock Market;Telecoms</category>
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      <slash:comments>1</slash:comments>
      <body xmlns="http://www.w3.org/1999/xhtml">Vodafone has said it is considering a bid
   for a majority stake in Hutchison Whampoa's Indian mobile phone business.  <font>Vodafone
   which already owns 10% of Bharti Airtel, the market leader in India and sees</font> the
   mobile market in India as having great potential, more so than in Europe. However <font>foreign
   firms are limited to owning 74% of Indian mobile phone providers.</font><br /><br /><img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=d66fd498-f1a7-41a1-932d-3bef6eccba22" /></body>
      <title>Vodaphone looking to expand in India</title>
      <guid>http://www.indianshares.co.uk/PermaLink,guid,d66fd498-f1a7-41a1-932d-3bef6eccba22.aspx</guid>
      <link>http://www.indianshares.co.uk/PermaLink,guid,d66fd498-f1a7-41a1-932d-3bef6eccba22.aspx</link>
      <pubDate>Mon, 25 Dec 2006 20:24:12 GMT</pubDate>
      <description>Vodafone has said it is considering a bid for a majority stake in Hutchison 
Whampoa's Indian mobile phone business.&amp;nbsp; &lt;font&gt;Vodafone
which already owns 10% of Bharti Airtel, the market leader in India and sees&lt;/font&gt; the
mobile market in India as having great potential, more so than in Europe. However &lt;font&gt;foreign
firms are limited to owning 74% of Indian mobile phone providers.&lt;/font&gt;
&lt;br&gt;
&lt;br&gt;
&lt;img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=d66fd498-f1a7-41a1-932d-3bef6eccba22" /&gt;</description>
      <comments>http://www.indianshares.co.uk/CommentView,guid,d66fd498-f1a7-41a1-932d-3bef6eccba22.aspx</comments>
      <category>Economy;Shares;Stock Market;Telecoms</category>
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      <body xmlns="http://www.w3.org/1999/xhtml">The main stock market in India for Indian
   shares closed at a record high today as it passed the 13,000 mark. The SENSEX has
   risen 36% during 2006 despite a turbulent patch earlier in the year. The rise is attributed
   to strong earnings from key banks and technology firms like (InfoSys, Wipro, Satyam
   and TATA Consulting).<br /><br /><br /><br /><p></p><img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=c33337ca-55ac-4429-a94c-4f61c0379415" /></body>
      <title>India's Stock Market reaches record high</title>
      <guid>http://www.indianshares.co.uk/PermaLink,guid,c33337ca-55ac-4429-a94c-4f61c0379415.aspx</guid>
      <link>http://www.indianshares.co.uk/PermaLink,guid,c33337ca-55ac-4429-a94c-4f61c0379415.aspx</link>
      <pubDate>Mon, 30 Oct 2006 18:33:55 GMT</pubDate>
      <description>The main stock market in India for Indian shares closed at a record high today as it passed the 13,000 mark. The SENSEX has risen 36% during 2006 despite a turbulent patch earlier in the year. The rise is attributed to strong earnings from key banks and technology firms like (InfoSys, Wipro, Satyam and TATA Consulting).&lt;br&gt;
&lt;br&gt;
&lt;br&gt;
&lt;br&gt;
&lt;p&gt;
&lt;/p&gt;
&lt;img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=c33337ca-55ac-4429-a94c-4f61c0379415" /&gt;</description>
      <comments>http://www.indianshares.co.uk/CommentView,guid,c33337ca-55ac-4429-a94c-4f61c0379415.aspx</comments>
      <category>Economy;Infosys;IT;Satyam;Shares;Stock Market;TATA;Wipro</category>
    </item>
    <item>
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      <body xmlns="http://www.w3.org/1999/xhtml">
        <i>"The Confederation of Indian Industry
   (CII) has said the Tata Steel-Corus deal is a sign of a confident India Inc and reflects
   the consolidation of the Indian industry in the global economy. 
   <br /><br />
   CII president R Seshasayee said the Tata Steel-Corus deal is a sign of India Inc being
   recognized as a very significant global economic player."</i>
        <br />
        <br />
   Source: <a href="http://www.zeenews.com/znnew/articles.asp?aid=330664&amp;ssid=50&amp;sid=BUS">Zee
   News</a><br /><p></p><img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=2fd8de01-fea6-4189-b08f-f7f9e27c27ce" /></body>
      <title>TATA + Corus Deal = Confident India </title>
      <guid>http://www.indianshares.co.uk/PermaLink,guid,2fd8de01-fea6-4189-b08f-f7f9e27c27ce.aspx</guid>
      <link>http://www.indianshares.co.uk/PermaLink,guid,2fd8de01-fea6-4189-b08f-f7f9e27c27ce.aspx</link>
      <pubDate>Sun, 22 Oct 2006 14:42:55 GMT</pubDate>
      <description>&lt;i&gt;"The Confederation of Indian Industry (CII) has said the Tata Steel-Corus deal
is a sign of a confident India Inc and reflects the consolidation of the Indian industry
in the global economy. 
&lt;br&gt;
&lt;br&gt;
CII president R Seshasayee said the Tata Steel-Corus deal is a sign of India Inc being
recognized as a very significant global economic player."&lt;/i&gt;
&lt;br&gt;
&lt;br&gt;
Source: &lt;a href="http://www.zeenews.com/znnew/articles.asp?aid=330664&amp;amp;ssid=50&amp;amp;sid=BUS"&gt;Zee
News&lt;/a&gt;
&lt;br&gt;
&lt;p&gt;
&lt;/p&gt;
&lt;img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=2fd8de01-fea6-4189-b08f-f7f9e27c27ce" /&gt;</description>
      <comments>http://www.indianshares.co.uk/CommentView,guid,2fd8de01-fea6-4189-b08f-f7f9e27c27ce.aspx</comments>
      <category>Economy;Shares;Stock Market;TATA</category>
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      <body xmlns="http://www.w3.org/1999/xhtml">Anglo-Dutch steel firm Corus is reported
   to be close to accepting a formal £4.1bn ($7.7bn) takeover offer from Indian rival
   Tata. Corus encompasses what was formally British Steel. Corus is an international
   company, providing steel and aluminium products and services to customers worldwide
   with an annual turnover of £9 billion.<br /><br />
   TATA Steel formerly TISCO - Tata Iron and Steel Company Limited) is Asia's first and
   India's largest integrated private sector <a href="http://en.wikipedia.org/wiki/Steel" title="Steel">steel</a> company.
   Tata Steel produces 4 million tonnes of steel, annually. In 2005 the company was recognised
   as the world's best steel producer. The company is listed on Mumbai and National Stock
   Exchanges of India<br /><br /><br /><img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=a156d972-e9ab-43cf-a17b-60ef2bd009e5" /></body>
      <title>TATA Steet Snapping up Corus</title>
      <guid>http://www.indianshares.co.uk/PermaLink,guid,a156d972-e9ab-43cf-a17b-60ef2bd009e5.aspx</guid>
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      <pubDate>Thu, 19 Oct 2006 20:03:25 GMT</pubDate>
      <description>Anglo-Dutch steel firm Corus is reported to be close to accepting a formal £4.1bn ($7.7bn) takeover offer from Indian rival Tata. Corus encompasses what was formally British Steel. Corus is an international company, providing steel and aluminium products and services to customers worldwide with an annual turnover of £9 billion.&lt;br&gt;
&lt;br&gt;
TATA Steel formerly TISCO - Tata Iron and Steel Company Limited) is Asia's first and
India's largest integrated private sector &lt;a href="http://en.wikipedia.org/wiki/Steel" title="Steel"&gt;steel&lt;/a&gt; company.
Tata Steel produces 4 million tonnes of steel, annually. In 2005 the company was recognised
as the world's best steel producer. The company is listed on Mumbai and National Stock
Exchanges of India&lt;br&gt;
&lt;br&gt;
&lt;br&gt;
&lt;img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=a156d972-e9ab-43cf-a17b-60ef2bd009e5" /&gt;</description>
      <comments>http://www.indianshares.co.uk/CommentView,guid,a156d972-e9ab-43cf-a17b-60ef2bd009e5.aspx</comments>
      <category>Economy;Shares;Stock Market;TATA</category>
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      <body xmlns="http://www.w3.org/1999/xhtml">New research has found that shares in the
   major India-based IT services providers have vastly outperformed their western rivals
   so far this year, despite falling sharply in May and starting from valuations based
   on much higher multiples of earnings and revenues.<br /><br /><a href="http://www.cbronline.com/article_feature.asp?guid=C26594D4-C5A7-4B6D-A091-8C60C4BA7B4F">Full
   Article</a><br /><br /><p></p><img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=3b25fb0d-3be8-48b7-8d81-34e9219e475a" /></body>
      <title>Indian IT shares out performing Western IT shares in 2006</title>
      <guid>http://www.indianshares.co.uk/PermaLink,guid,3b25fb0d-3be8-48b7-8d81-34e9219e475a.aspx</guid>
      <link>http://www.indianshares.co.uk/PermaLink,guid,3b25fb0d-3be8-48b7-8d81-34e9219e475a.aspx</link>
      <pubDate>Sun, 15 Oct 2006 21:33:41 GMT</pubDate>
      <description>New research has found that shares in the major India-based IT services providers have vastly outperformed their western rivals so far this year, despite falling sharply in May and starting from valuations based on much higher multiples of earnings and revenues.&lt;br&gt;
&lt;br&gt;
&lt;a href="http://www.cbronline.com/article_feature.asp?guid=C26594D4-C5A7-4B6D-A091-8C60C4BA7B4F"&gt;Full
Article&lt;/a&gt;
&lt;br&gt;
&lt;br&gt;
&lt;p&gt;
&lt;/p&gt;
&lt;img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=3b25fb0d-3be8-48b7-8d81-34e9219e475a" /&gt;</description>
      <comments>http://www.indianshares.co.uk/CommentView,guid,3b25fb0d-3be8-48b7-8d81-34e9219e475a.aspx</comments>
      <category>Accenture;BearingPoint;Cap Gemini;CSC;Economy;EDS;IBM;Infosys;IT;Logica CMG;Outsourcing;Satyam;Shares;Stock Market;TATA;Wipro</category>
    </item>
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      <title>InfoSys aquire further 23% stake in  BPM Provider Progeon</title>
      <guid>http://www.indianshares.co.uk/PermaLink,guid,81267ad2-4945-40b2-b7c0-e8188c63c066.aspx</guid>
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      <pubDate>Thu, 20 Apr 2006 23:05:57 GMT</pubDate>
      <description>

&lt;p class="MsoNormal" style="margin-bottom: 12pt;"&gt;
   InfoSys (INFY) announced today that they are acquiring a further 23% stake in Progeon
   from CitiCorp for cash. InfoSys is the majority owner of Progeon a Business Proccess
   Outsourcing (BPO) and Business Process Management (BPM) specialist operating in 
   &lt;st1:country-region w:st="on"&gt;India&lt;/st1:country-region&gt;
   , 
   &lt;st1:PlaceName w:st="on"&gt;Czech&lt;/st1:PlaceName&gt;
   &lt;st1:PlaceType w:st="on"&gt;Republic&lt;/st1:PlaceType&gt;
   and the 
   &lt;st1:country-region w:st="on"&gt;
      &lt;st1:place w:st="on"&gt;Philippines&lt;/st1:place&gt;
   &lt;/st1:country-region&gt;
   . Progeon implements BPO, BPM and Knowledge Process Outsourcing (KPO) in the following
   industries:&lt;o:p&gt;&lt;/o:p&gt;
&lt;/p&gt;
&lt;ul type="disc"&gt;
   &lt;li class="MsoNormal" style=""&gt;
      Banking&lt;o:p&gt;&lt;/o:p&gt;
   &lt;/li&gt;
   &lt;li class="MsoNormal" style=""&gt;
      Capital Markets&lt;o:p&gt;&lt;/o:p&gt;
   &lt;/li&gt;
   &lt;li class="MsoNormal" style=""&gt;
      Communications Service Providers&lt;o:p&gt;&lt;/o:p&gt;
   &lt;/li&gt;
   &lt;li class="MsoNormal" style=""&gt;
      Healthcare&lt;o:p&gt;&lt;/o:p&gt;
   &lt;/li&gt;
   &lt;li class="MsoNormal" style=""&gt;
      Insurance&lt;o:p&gt;&lt;/o:p&gt;
   &lt;/li&gt;
   &lt;li class="MsoNormal" style=""&gt;
      Manufacturing&lt;o:p&gt;&lt;/o:p&gt;
   &lt;/li&gt;
&lt;/ul&gt;
&lt;p class="MsoNormal"&gt;
   &lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;
&lt;/p&gt;
&lt;img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=81267ad2-4945-40b2-b7c0-e8188c63c066" /&gt;</description>
      <comments>http://www.indianshares.co.uk/CommentView,guid,81267ad2-4945-40b2-b7c0-e8188c63c066.aspx</comments>
      <category>Infosys;IT;Outsourcing;Shares</category>
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      <body xmlns="http://www.w3.org/1999/xhtml">At the end of 2005 the <a href="http://news.bbc.co.uk.edgesuite.net/1/hi/business/4685022.stm">BBC </a>published
   an article highlighting the fact that in 2005 the Indian Stock Market rose by 40%
   to over 10,000 points. Some analysts are predicting that in 2006 the market will rise
   to 12,000 points. 
   <br /><br />
   Seven weeks into 2006 the Bombay Stock Exchange (BSE) SENSEX continues to tread water
   at closing just below the 10,000 mark at 9981 today.<br /><p></p><img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=9971a950-3633-4720-8c01-54a562a5dec6" /></body>
      <title>Indian Stock Market in 2006 - Review</title>
      <guid>http://www.indianshares.co.uk/PermaLink,guid,9971a950-3633-4720-8c01-54a562a5dec6.aspx</guid>
      <link>http://www.indianshares.co.uk/PermaLink,guid,9971a950-3633-4720-8c01-54a562a5dec6.aspx</link>
      <pubDate>Fri, 17 Feb 2006 17:50:58 GMT</pubDate>
      <description>At the end of 2005 the &lt;a href="http://news.bbc.co.uk.edgesuite.net/1/hi/business/4685022.stm"&gt;BBC &lt;/a&gt;published
an article highlighting the fact that in 2005 the Indian Stock Market rose by 40%
to over 10,000 points. Some analysts are predicting that in 2006 the market will rise
to 12,000 points. 
&lt;br&gt;
&lt;br&gt;
Seven weeks into 2006 the Bombay Stock Exchange (BSE) SENSEX continues to tread water
at closing just below the 10,000 mark at 9981 today.&lt;br&gt;
&lt;p&gt;
&lt;/p&gt;
&lt;img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=9971a950-3633-4720-8c01-54a562a5dec6" /&gt;</description>
      <comments>http://www.indianshares.co.uk/CommentView,guid,9971a950-3633-4720-8c01-54a562a5dec6.aspx</comments>
      <category>Economy;Stock Market;Shares</category>
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