New Delhi: In a recent report titled “India: Everything t

New Delhi: IT services gi

Mumbai: According to the market traders, the rupee edged higher on yesterday but its rise was blocked up by RBI that intervened heavily to keep it off 9-1/2-year peaks.

The partially convertible rupee ended at 39.305/310 per dollar, strengthening from Friday's finish of 39.36/37. Last week, it had hit 39.27 -- its strongest level since March 1998.

A senior dealer with a foreign bank said, “The central bank absorbed everything that came its way today without them we would be at 39.20.”

The dealer computes that the RBI has purchased around $80 million to check the rupee’s increase.

HTC has introduced its newest PDA phone in the Indian market.

The newly launched ‘P3300’ comes loaded with Global Positioning System (GPS) functionality along with other characteristics.

The users would be capable of taking pics outdoors and attach satellite coordinates into the photographs.

The new HTC device weighs just 128 gms, and is approx 16.8 mm thick. It comes with a 2.8-inch QVGA display screen, a phonepad input option, and runs on Windows Mobile 6. It also has 128MB built-in ROM and 64MB RAM.

For GPS functionality, HTC has loaded the device with the MapKing R12 together with SiRF III chipset with 20 parallel channel receiver.

Industrial Development Bank of India Ltd (IDBI) has announced results for the second quarter ended September 30, 2007.

The bank has registered a net profit of Rs 155.50 crore for the period, as compared to Rs 139.4 crore in the same period of the last fiscal.

The total income of the banking institution zoomed to Rs 2363.72 crore from Rs 1641.24 crore in Q2FY07.

According to a bank release, “The erstwhile United Western Bank (UWB) was amalgamated with the bank effective October 03, 2006. The results for the quarter and six months ended September 2007 and for the year ended March 2007 include the operations of UWB, and hence are not comparable with the results for the quarter ended September 2006.”