Financial Daily from THE HINDU group of publications
Saturday, August 13, 2005
Markets (August 12)
BL 2502395.85 (-13.15)
BSE Sensex7767.49 (-49.02)
S&P CNX Nifty2361.55 (-19.35)
US Dollar (Buy/Sell)43.49/43.62
Gold Std (10 gm)6360 (+115)

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Manufacturing powers 11.7% industrial growth in June
INDIAN industry grew by 11.7 per cent in June 2005 over the corresponding period of the previous year powered by robust growth in the manufacturing, electricity and mining sectors. This is against 7.3 per cent year-on-year growth during June ... More

Sensex hits new high intra-day, closes lower
THE stock markets paused for a breather on Friday as several counters witnessed profit booking. Though the Sensex breached a new high of 7861.26 intra-day, it ended trade with a loss of 49.02 points at 7767.49. The Nifty traded in the red all ... More

HPCL scouting for foreign partner for Bhatinda project
HINDUSTAN Petroleum Corporation Ltd (HPCL) is set to finalise a joint venture overseas partner for its 9-million-tonne per annum (MMTPA) refinery at Bhatinda in Punjab. "Talks are at an advanced stage with three-four foreign companies for a 26 ... More

Oil price hike
Everyone should share the burden: Aiyar

THE Petroleum Minister, Mr Mani Shankar Aiyar, today reiterated that to mitigate the impact of the surging global crude prices all the three stakeholders - oil companies, Government and the consumers - would have to share the burden. He ... More

Pilani Invest buyout deal wrapped up for Rs 325 cr — Part-funding by IL&FS
THE B.K. Birla and Kumarmangalam Birla combine has completed a leveraged buyout deal for around 24 per cent and 7 per cent stake respectively in Pilani Investments and Industries Corporation from the G.P. Birla and S.K. Birla groups for a total ... More

DoT may restrict fixed telephone to wireline technology
THE Department of Telecom (DoT) is considering a proposal to restrict fixed telephone services to only wire line, the way it was before the CDMA-based fixed wireless technology (FWT) came into the picture. The move comes after basic telephone ... More

IBA to take up cap on credit for cardholders with RBI
BANKS are not in favour of the Reserve Bank of India's proposal to put a cap on the aggregate credit that a credit card holder can avail himself of, irrespective of the number of cards he holds. The Indian Banks' Association (IBA), the apex ... More

Inflation dips below 4 pc on cheaper food
THE annual rate of inflation declined marginally to 3.84 per cent in the week ending July 30 from the previous week's 4.07 per cent on account of cheaper food and manufactured products. On a point-to-point basis, the inflation rate stood at ... More



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