Financial Daily from THE HINDU group of publications
Friday, August 12, 2005
Markets (August 11)
BL 2502410 (+14.98)
BSE Sensex7816.51 (+86.69)
S&P CNX Nifty2380.90 (+20.75)
US Dollar (Buy/Sell)43.54/43.67
Gold Std (10 gm)6245 (+30)

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To cut losses of PSU oil companies — Govt hints at price hike for petro-products
THE consumers may have to shoulder a part of the burden of the rise in international oil prices. The Petroleum Minister, Mr Mani Shankar Aiyar, today indicated that to cut losses of the state-owned oil companies, some burden would have to be ... More

Cabinet clears new minimum price for sugarcane
THE Government has fixed the statutory minimum price (SMP) for sugarcane at Rs 79.50 at nine per cent recovery of sugar for the forthcoming sugar season of October 2005-September 2006. For every additional 0.1 percentage point recovery, sugar ... More

Poultry shops sport a new look as hatcheries embark on brand awareness
POULTRY shops are sporting a new look as leading broiler chick producers push for improved facilities in local butcher shops to promote meat sales and brand awareness. Initially, the hatcheries' idea is to improve hygiene and presentation in ... More

Mounting losses on petro-products sale — IOC puts on hold Paradip refinery and petrochem project
For the entire year, IOC could end up losing over Rs 12,000 crore if it was not allowed to raise petroleum product prices. More

ICICI Bank to divest entire stake in Federal Bank, SIB
ICICI Bank will divest its entire stake in Federal Bank and South Indian Bank (SIB) within the next two years, according to Mr K.V. Kamath, Managing Director and CEO. He was talking to reporters after addressing the members of the Indian ... More

Sakhalin-1 to pump oil in Oct
THE Sakhalin-1 oil and gas project, in which ONGC-Videsh Ltd (OVL) has equity, will begin production on October 1, a Russian partner company said. "The project is going on schedule and will start pumping oil and gas on October 1," said the ... More

No revving up yet
Honda cars parked at the Bandra-Kurla Complex in Mumbai on Thursday waiting for repairs. All these cars were damaged in the floods last week.


The FII flood is unabated, but for how long?
THE Sensex soared from 6696 in January this year to 7844 in August... a 1100-plus point move that has left even the most optimistic of bulls pleasantly surprised. However, with the market movement purely driven by liquidity brought in by foreign ... More

`Malaysia would like to see India as its hub for palm oil'
WITH crude palm oil prices weakening in the wake of rising indigenous production and sluggish export sales coupled with loss of market share in India — the world's largest importer of palm oil — to soyabean oil in recent months, ... More

Ask and you will get credit card fee waived
THERE is this Tamil proverb that only the crying baby gets the milk. In similar fashion, only if you ask for a fee waiver - will you get it - from credit card companies. For those of you still paying the annual fee ( between Rs 750 and Rs ... More

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