Financial Daily from THE HINDU group of publications
Tuesday, June 07, 2005
Markets (July 26)
BL 2502331.81 (+6.53)
BSE Sensex7552.77 (+47.17)
S&P CNX Nifty2303.15 (+11.40)
US Dollar (Buy/Sell)43.44/43.57
Gold Std (10 gm)6050

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Wheat stocks plummet to 14.3 mt
Low wheat stocks with official agencies would not only put a question mark on food security, but the Government's social welfare programmes like food-for-work and the proposed employment guarantee scheme could also be severely constrained. More

FDI in captive coal mining may be allowed for steel, cement cos
The move will also pave the way for international steel manufacturers such as Posco and Arcelor, who have announced plans to set up steel plants in India, to have their own captive coal mines to meet their coal requirements. More

Centre agrees to subsidise cotton export from Maharashtra
THE Centre has agreed to subsidise export of cotton produced in Maharashtra by Rs 500 per bale, according to a State Government official. The Government decision is expected to help the State to liquidate part of its cotton stocks of 30 lakh ... More

Bank of Baroda opens 24-hour branch in Mumbai — Rahul Dravid appointed brand ambassador
IN a bid to stay ahead of competition, Bank of Baroda will extend banking hours in select branches. The bank will be opening its first 24-hour branch in Mumbai this month and extending banking hours from 8 a.m. to 8 p.m. in over 100 branches ... More

Indian Hotels Q4 net up 14.6 pc
THE INDIAN Hotels Company Ltd (IHCL) on Monday reported a 14.59 per cent rise in profit after tax (PAT) for the quarter ended March 31, 2005 to Rs 42.18 crore from Rs 36.81 crore for the year-ago period. Total income was up 21.86 per cent at ... More

`Infocomm may match Reliance in turnover, profits in 4 years'
AS the broad contours of the Ambani settlement story emerge, the information from the top rungs of the Reliance group suggests that Reliance Infocomm, the telecom arm that has been critical to the family split, is poised to match the flagship ... More

Tax on 9 new services likely from June 16
THE Finance Ministry is likely to specify June 16 as the date from which service tax would be applicable on the nine new services that were brought under the tax net in this year's Budget. Indications are also that the Budget announcement of ... More

Developing world relies on Indian ARVs: LSE Update
PRIOR to January 2005, India was the last country in the world with an advanced pharmaceutical sector that did not offer product patents on drugs. Indian firms served as principal suppliers of affordable antiretrovirals (ARVs) to developing ... More

Crude futures catching fancy of bullion, equity investors
CRUDE futures offered by the Multi Commodity Exchange (MCX) are no longer the exclusive domain of the corporate sector. Other investors are now getting hooked to it. While the corporate sector, hedging the risk on crude, continues to be the ... More



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