Financial Daily from THE HINDU group of publications
Tuesday, September 06, 2005
Markets (Sept 5)
BL 2502398.17 (+16.04)
BSE Sensex7925.24 (+25.47)
S&P CNX Nifty2422.95 (+7.15)
US Dollar (Buy/Sell)43.72/43.85
Gold Std (10 gm)6380 (+10)

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Decision on fuel price hike likely today — PM tells Left there's no alternative
THE long-pending issue of raising the prices of petroleum products may be resolved tomorrow at a meeting of the Union Cabinet, with the Left parties now reconciled to the hike. The Finance Minister, Mr P. Chidambaram, also indicated today that ... More

Oil PSUs moot dual pricing to cut losses
IN a bid to bridge their differences with the Union Government on oil price subsidy, oil PSUs are mooting a dual pricing policy as followed in the case of LPG - for domestic and industrial users. Mr S. Behuria, Chairman of IOC, has called ... More

Govt nominees on ONGC board — ONGC chief, Petroleum Ministry lock horns
AVID followers of corporate wars are seeing another interesting battle with a major spat breaking out in the public sector as well. The Chairman and Managing Director of the state-owned company, Oil and Natural Gas Corporation (ONGC), Mr Subir ... More

No cheques, only ECS for systematic investment plan, say mutual funds
CONVINCED about the arguments that favour systematic investment plans as the ideal route to disciplined and regular investing? Then make sure that you have electronic clearing facility (ECS) for your bank account. Faced with increasing ... More

Sensex touches new intra-day high on FII, mutual fund buying
IT'S a new week and market participants are poised in anticipation of a new high at the domestic bourses. Though the Sensex fell shy of the 8,000-level on Monday, brokers anticipate that the `sentimental' level will be touched soon. This ... More

Infosys takes forward cover for GBP receivables
Infosys has taken this cover following the pound's depreciation against rupee since the beginning of April this year. More

Attrition in IT sector revs up used car market
Each time an IT professional jumps a job, his negotiation with the new company includes a new car. So, the existing one is added to the used car fleet, while one more new car gets on to the roads. More

Cement cos may cash in on export boom
CEMENT companies that have milked gains from the current rosy export scenario may have to make all the hay they can while the sun still shines. Mr Kumar Mangalam Birla, Chairman of UltraTech, one of the larger beneficiaries of the export boom, ... More

A record-breaking planting of saplings
EYEING a place in the Guinness Book of World Records, ITC's Foods Division has led a campaign locally to plant over three lakh saplings in just 20 minutes, breaking a Canadian record. As many as 15,907 farmers and 300 volunteers planted ... More

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