Financial Daily from THE HINDU group of publications
Tuesday, October 04, 2005
Markets (October 3)
BL 2502476.00 (+31.82)
BSE Sensex8697.65 (+63.17)
S&P CNX Nifty2630.05 (+28.65)
US Dollar (Buy/Sell)44.07/44.20
Gold Std (10 gm)6770 (-30)

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NTC to lease out 30 mills to pvt sector — Short of cash for modernising all mills
THE Government has granted approval to the National Textile Corporation (NTC) to scout for private parties to run as many as 30 NTC mills on a lease basis in order to quicken the pace of modernisation. Sources in the Government told Business ... More

Small, mid-cap stocks shine; Sensex hits 8,700 intra-day
SMALL and mid-cap stocks are back in the limelight. After September 22, when the stock markets lowered the circuit limit to five per cent and shifted several stocks in the T and Z categories, today's was probably the first trading session which ... More

MFs invest Rs 9,000 cr in H1
AFTER the FIIs, it seems to be the turn of mutual funds to set record in the equity market. According to SEBI data, mutual funds have made net investments of Rs 9,019 crore in the first six months of the current fiscal. This is the highest ... More

GHCL hikes soda ash price by Rs 400 per tonne
GHCL Ltd on Monday increased the price of soda ash by Rs 400 per tonne, from the present Rs 9,200 to Rs 9,600 per tonne. Soda ash is one of the main inputs for manufacturing glass and detergents. The other two big soda ash makers, namely, Tata ... More

SC notice to BSNL on Walky row
THE Supreme Court on Monday issued a notice to Bharat Sanchar Nigam Ltd on an appeal filed by Tata Teleservices Ltd seeking a stay on a demand of Rs 250 crore by the state-owned company on account of Access Deficit Charge (ADC). The Court ... More

Global airlines operating from India impose Rs 300 surcharge
WITH international prices of aviation turbine fuel skyrocketing, international airlines operating out of India have imposed a Rs 300 one-time surcharge on tickets issued here. The surcharge has come into effect from October 1. Sources told ... More

Banks expect hike in interest rates: Survey
About 75 per cent of the banks surveyed expect the interest rate to increase by 5 basis points, whereas the remaining expect it to go up by one percentage point. More

Nafed to procure cotton, soya at support prices
THE National Agricultural Cooperative Marketing Federation (Nafed) expects to procure 5-8 lakh bales (170 kg each) of cotton and 2.5 lakh tonnes of soyabean this year as part of the Centre's market intervention operations. Based on the inputs ... More

Monsoon deficient in 133 dists
AS much as 28 per cent of the districts have received either deficient or scanty rainfall during the southwest monsoon this year, says the National Centre for Medium Range Weather Forecasting (NCMRWF). At least 133 districts find themselves in ... More

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