Financial Daily from THE HINDU group of publications
Saturday, August 06, 2005
Markets (August 5)
BL 2502400.53 (+1.08)
BSE Sensex7754 (-43.08)
S&P CNX Nifty2361.20 (-6.60)
US Dollar (Buy/Sell)43.43/43.56
Gold Std (10 gm)6230 (+60)

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CLB upholds share allotment to IOC in Haldia Petrochem — Shares for IDBI restrained till final order
INDIAN Oil Corporation can heave a sigh of relief for some time, with the Company Law Board declining to put any restriction on the 7.5 per cent shares allotted to it in Haldia Petrochemicals Ltd, pending a final decision on the matter. While ... More

RIL board okays demerger scheme
THE board of Reliance Industries Ltd tonight approved the proposed demerger scheme. Earlier, RIL got even with its erstwhile Vice-Chairman, Mr Anil Ambani, for having stolen its thunder on the day of the AGM. In a notice to the NSE today ... More

Minimum capital for pension fund managers may be fixed at Rs 25 cr
THE interim Pension Fund Regulatory and Development Authority (PFRDA) is considering setting the minimum paid-up capital requirement for pension fund managers (PFM) in the proposed New Pension System (NPS) at about Rs 25 crore. This would be a ... More

Ceiling on tax audits: Apex court stays Madras HC order
THE Supreme Court has stayed the Madras High Court order relating to the issues of fixing a ceiling on tax audit assignments and the minimum audit fees chargeable by the members of the Institute of Chartered Accountants of India (ICAI). The ... More

Indian team to visit China to explore energy cooperation
INDIA would look at joining hands with China for acquiring oil and gas properties in third countries, particularly in the Caspian region, Central Asia, Africa and Latin America, the Additional Secretary (International Cooperation), in the ... More

BHEL disinvestment proposal put on hold
THE Minister of State for Heavy Industries and Public Enterprises, Mr Santosh Mohan Dev, today said the Government has put on hold the proposal to sell a 10 per cent stake in Bharat Heavy Electricals Ltd. Speaking at the sidelines of a ... More

Star Cruises allowed in 2 routes
THE Ministry for Shipping, Road Transport and Highways has given clearance to Star Cruises, a cruise liner, to operate on the Mumbai-Lakshadweep (Kadmat Island) and Mumbai-Goa routes, an official release said. Cruise operations are expected to ... More

It's party time for rubber growers in Kerala as prices harden
ELDO Issac seriously wonders if the growing incidence of theft in his village has got something to do with the rubber prices. "People have more money in their hands these days. And it is getting visible. No wonder theft is increasing in my ... More

Inflation declines on fall in food prices
THE annual wholesale price index-based inflation rose 4.07 per cent during the week ended July 23, down from the previous week's 4.18 per cent. The dip in the year-on-year inflation was largely due to a fall in food prices and last year's high ... More

Large-cap stocks suffer sharp losses
AFTER a long winning streak and a sharp uptrend in the last few trading sessions, the markets took a break. Sensex after rallying by nearly 500 points in the last nine sessions ended the week with a loss of 43.1 points. The S&P CNX nifty also .. More

Vegoil imports continue to rise
VEGETABLE oil imports into the country continue unabated, despite Government claims of record oilseeds output in 2004-05, especially rapeseed/mustard harvested a few months ago. According to preliminary arrival data compiled by ... More

Surfing Net at work more addictive than coffee: Survey
According to a new study done by the US-based employee Internet management solutions provider Websense Inc, more than 51 per cent of the employees surveyed in India prefer to give up their morning coffee than their opportunity to use the Internet ... More

L&T bid to teach masonry work from grass-root levels
SANTOSH Kumar slogs five to six hours a day in the hot sun doing masonry work. No, he does not work at a construction site, but at Larsen & Toubro's Construction Skills Training Institute (CSTI) in Chennai. The unemployed youth hailing from a .. More

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