Financial Daily from THE HINDU group of publications
Tuesday, August 30, 2005
Markets (August 29)
BL 2502349.05 (-17.52)
BSE Sensex7634.43 (-45.79)
S&P CNX Nifty2337.65 (-19.40)
US Dollar (Buy/Sell)43.84/43.97
Gold Std (10 gm)6305 (+30)

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Insulated domestic oil prices will add to fiscal burden: RBI
THE Reserve Bank of India has said that if domestic oil prices are not allowed to keep pace with the international price line, the fiscal burden of the Government could increase and also hurt investors of public sector oil companies. In its ... More

RBI suggests 10 pc single uniform rate for imports
THE Reserve Bank of India has suggested a single uniform tariff rate of 10 per cent for all imports. According to RBI's annual report, released on Monday, the country's external environment including foreign exchange reserves allows for ... More

Finance Ministry issues clarificatory circular on FBT
The Finance Ministry late on Monday evening came up with a clarificatory circular explaining the provisions of the fringe benfit tax (FBT) that was introduced in this year's budget. The explanatory notes to the FBT provisions include a ... More

Trent likely to acquire stake in Landmark
TRENT Ltd, the retail arm of the Tata group, is likely to acquire a major stake in Landmark, the Chennai-based books and gifts retailer, according to sources close to the deal. The multi-crore deal, expected to be concluded shortly, will bring ... More

Oracle expands into Hyderabad
ORACLE India on Monday inaugurated the Hyderabad campus and described India as one of the two jewels for the company in the Asia Pacific region. The domestic market is extremely strategic in Oracle's growth plans since it has become the fourth ... More

Finance Minister's explanation in Rajya Sabha — `I had no knowledge of Nalini Chidambaram's appointment by I-T Dept as special counsel'
THE episode relating to the controversial engagement of Ms Nalini Chidambaram as a special counsel of the Income Tax Department ended on an acrimonious note on Monday. The Chairman of the Rajya Sabha, Mr Bhairon Singh Shekhawat, ruled that ... More

GE Shipping split: No large cash transactions likely
ALTHOUGH on a much lower scale and involving much lower media attention compared to the recent split of the Reliance behemoth, the splitting of the country's largest private shipping company, Great Eastern Shipping Co, which will be formally ... More

Car boom in Asia driving metals to new highs
ASIA is driving not only the base metals market, but also passenger car market. Despite decline in Western Europe and no growth in North America so far this year, world car production is set for another year of expansion in 2005, thanks to ... More

Onion prices rise as arrivals dwindle
ONION prices have doubled over the last fortnight on reduced inflows and low stocks. Wholesale prices at Nashik and Pune - major markets in Maharashtra - have moved up to Rs 1,100 a quintal on Monday on reduced inflows and steady demand ... More

Menswear gets snugger, colours riotous
Fits are extremely close, the cuts are cleaner and paunches won't matter in these if-you've-got-it-flaunt-it days. More

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