Financial Daily from THE HINDU group of publications
Friday, November 04, 2005
Commodities (November 03)
Retail Gold (per gram) Rs639
Retail Silver (per gram) Rs12.60
Crude (per bbl)$58.35



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BUSINESS LINE greets its readers
on the occasion of ID-UL-FITR


Norms for MF investments abroad may be relaxed — `UTI MF may scout for takeovers'
THE existing policy on equity investments by Indian mutual funds in overseas market is likely to be liberalised soon, said the newly appointed Chief Executive Officer (CEO) of UTI Mutual Fund, Mr U.K. Sinha. Addressing the newspersons on ... More

Cabinet okays setting up of National Investment Fund — UTI MF keen on managing it
UTI Mutual Fund would like to pitch for handling the proposed National Investment Fund, according to the newly appointed CEO, Mr U.K. Sinha. The setting up the fund, to be created through disinvestments proceeds, was cleared during the day by ... More

CCEA clears national steel policy — 100-mt production by 2019-20 targeted
THE Cabinet Committee on Economic Affairs (CCEA) today approved a new National Steel Policy that would seek to enhance domestic steel production by almost three times to over 100 million tonnes (mt) annually by the year 2019-20. The present steel ... More

SPV for infrastructure funding approved — Govt to guarantee borrowing up to Rs 10,000 cr
THE Cabinet approved on Thursday the setting up of a special purpose vehicle (SPV) to fund mega infrastructure projects. Borrowing up to Rs 10,000 crore by the SPV — India Infrastructure Finance Company Ltd (IIFCL) — during the ... More

ONGC decides against special dividend — May consider interim dividend later
ONGC, during its board meeting on October 26, decided that it would not be able to pay a special dividend based on the cash reserves, as it has already chalked out investment plans and has also hired credit rating agencies for overseas borrowings. More

US dumping duty on Indian shrimps to stay
THE US-based International Trade Commission (ITC) has decided not to revoke the existing anti-dumping duty on shrimp imports from India and Thailand. Subsequent to the December 26 tsunami that devastated vast areas of the Indian coastline, ... More

ATI Tech develops faster graphics processors
ATI Technologies Inc, the $2-billion supplier of graphics, video and multimedia silicon for PCs and the entertainment industry, has taken graphics to the next level with its range of processors that have breached the 1 Giga Hertz speed. The ... More

IBM chief meets PM
MR SAMUEL J. PALMISANO, the Chairman and CEO of IBM, on Thursday called on the Prime Minister, Dr Manmohan Singh, to discuss the company's expanding operations here and share IBM's vision to participate in the growth of India — which has ... More

Inflation slows on cheaper food, energy
THE annual Wholesale Price Index-based inflation rose 4.49 per cent during the week ended October 22, slower than the previous week's annual rise of 4.71 per cent. The fall in the year-on-year inflation growth rate was largely on account of lower ... More

Northeast monsoon active again
NORTHEAST monsoon came back from a recess to trigger an active spell of rain over North Tamil Nadu during the 24 hours ending Thursday morning. The contiguous meteorological subdivisions of coastal Andhra Pradesh, Rayalaseema and South Interior ... More

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Looking back
Oct. 23-Oct. 29
Fresh rain alert for Tamil Nadu, AP coast

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