Financial Daily from THE HINDU group of publications
Saturday, September 17, 2005
Markets (Sept 16)
BL 2502508.36 (+22.68)
BSE Sensex8380.96 (+97.20)
S&P CNX Nifty2552.35 (+28.40)
US Dollar (Buy/Sell)43.83/43.97
Gold Std (10 gm)6555 (+100)

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Appointment of politicians on PSU boards
Only professional directors can add value, says SCOPE

THE controversy over appointment of politicians on boards of public sector enterprises (PSEs) as independent directors is hotting up. While there has been some opposition from political parties other than the Congress, the Standing Conference ... More

Bharti Tele, L&T, Maruti lead Sensex surge
WITH oil prices easing off and continued buying support from foreign institutional investors and mutual funds, the stock markets continued to sizzle and the indices moved further north. On a day of unbridled bullishness in the market, the ... More

Instant money transfer possible in 10,000 bank branches
CUSTOMERS of more than 10,000 bank branches in the country can now send and receive money within two hours. The Reserve Bank of India on Friday said its electronic system, RTGS (real-time gross settlement), which facilitates fund transfer on a ... More

ISRO-Boeing plan to build 2-tonne satellites dropped
THE ISRO-Boeing Satellite Systems dream plan to jointly make two-tonne communications satellites has more or less been dropped. Barely a few months after the two announced in June 2004 their intent to collaborate and tap the ... More

TRAI `no' to misleading tariff plans — `Operators must come clean on zero rentals'
THE Telecom Regulatory Authority of India (TRAI) on Friday disallowed tariff plans with misleading titles such as `zero rentals' on the ground that operators were continuing to charge recurring hidden monthly fee. TRAI directed telecom ... More

Kharif grain output pegged at 105.25 m tonnes — Cotton picture `unclear'; monsoon hits soya crop
FOODGRAIN production for the current kharif is expected to be 1.9 per cent higher at 105.25 million tonnes (mt) compared with 103.32 mt last year, according to the first advance estimates for 2005-06. "The first advance estimates have placed ... More

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