Financial Daily from THE HINDU group of publications
Tuesday, September 20, 2005
Markets (Sept 19)
BL 2502535.25 (+26.89)
BSE Sensex8444.84 (+63.88)
S&P CNX Nifty2567.10 (+14.75)
US Dollar (Buy/Sell)43.85/43.98
Gold Std (10 gm)6610 (+55)

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FII, MF inflows power Sensex past 8400
Fall in global crude oil prices triggers upturn

FOREIGN institutional investors (FIIs) as well as domestic mutual funds continued their purchases in Indian stocks driving the BSE Sensex to a record high on Monday. The Sensex crossed the 8,400 level today after opening firm and continuing to ... More

Future ownership: Three-stage plan for UTI MF on cards
Existing sponsors may be allowed to exit after 3 yrs

UTI Mutual Fund is likely to sport the present `public' character of ownership for at least the next three years, according to plans currently under the Government's consideration. The latter is considering a staggered three-stage plan for the ... More

NPPA cuts prices of asthma, anti-inflammatory drugs
THE National Pharmaceutical Pricing Authority has reduced the prices of several drugs used to treat urinary tract infections, asthma and lung infections, anti-inflammatory drugs, and vitamins. It has also, for the first time, fixed the ceiling ... More

If RIL backtracks on pact with NTPC, Govt may review KG Basin pact
THE Centre may consider reviewing the agreement signed with Reliance Industries Ltd (RIL) for production-sharing of gas from the KG Basin, if the company backtracks on its original pact for supplying gas to state-owned National Thermal Power ... More

Cyclone crosses Andhra Pradesh coast; brings heavy rain
SUNDAY's deep depression over northwest Bay of Bengal moved west-southwest and intensified into a cyclonic storm the same evening. In an update, the National Centre for Medium Range Weather Forecasting (NCMRWF) said the system had crossed ... More

Thailand calls for deepening ties under FTA
THAILAND has advised India not be deterred by the "aftershocks" of a tariff reduction on products under the Early Harvest Scheme in the Indo-Thai Free Trade Agreement (FTA) initiated in September last year. Both countries should resolve to deepen ... More

Shell, ConocoPhillips offer Australian LNG to India
THE Petroleum Secretary, Mr S.C. Tripathi, has said that international oil and gas majors Shell and ConocoPhillips have offered to sell Australian liquefied natural gas (LNG) to the country. "Shell and ConocoPhillips have offered us Australian ... More

Is biofuel the energy of future?
With petroleum product prices rising steadily; diesel alone has become 25 per cent costlier over the last year. Apart from the search for alternatives, it is the need to achieve energy independence that is directing so much focus on biofuels and the crops that will help yield these oils. If sugar mills are being encouraged to produce ethanol from sugarcane for blending with petrol, efforts are on to cultivate such crops as jatropha and pongamia, which yield oil that can either be blended with di esel or used independently. More


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