Financial Daily from THE HINDU group of publications
Thursday, November 24, 2005
Commodities (November 24 at close)
Gold (per gram) Rs688
Silver (per gram) Rs13.65
Brent crude (per bbl) Rs2573
Markets (November 24 - 15.30 IST)
BSE Sensex8732.12(+93.78)
S&P CNX Nifty2635.00 (+26.40)
US Dollar (Buy/Sell)45.7050/45.7150


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Tariff panel moots 28 pc cut in GAIL gas transmission rates
THE Tariff Commission, which was tasked to review the gas transmission tariff of GAIL (India) Ltd, is understood to have suggested a 28 per cent reduction in charges. The Government had decided to review GAIL's tariff after the Fertiliser ... More

Move to provide high-speed Net over power lines
YOU may not have a phone or a telephone line for accessing the Internet and still get high speed Internet using the power line reaching your home. The Government is formulating a policy to promote Broadband over Power Line as part of the New ... More

Ruia group may buy Jumbo's stake in Dunlop, Falcon in block deal
THE Kolkata-based Ruia group is believed to have worked out a block deal to acquire the Dubai-based Jumbo Group's controlling interest in the three tyre companies, namely, Dunlop India, Falcon Tyre and the latter's trading arm - India Tyres ... More

India keeps lead in offshore location race; China is second
INDIA continued to top the list of `Global IT and BPO services locations' in 2005, though issues such as wage inflation and rising competition from other low-cost contenders marginally narrowed its overall lead. Arch industry rival China, came a ... More

H1 tax revenues of VAT-implementing States up 14.3 pc
TAX revenues of the 23 value-added tax (VAT) implementing States and Union Territories have recorded a 14.38 per cent increase during the first six months of the current fiscal, compared with the same period last year. According to the data ... More

`Cover against cyber crimes vital' — Insurance industry seeks tighter IT Act, tools to assess losses
COMPANIES in India need to spruce up their security policies and buy insurance against cyber crime. With a vast number of transactions being conducted online, insurance would be integral to protection against cyber crime, say experts. Mr Vijay ... More

Vercom partners French firms for document software
VERCOM Software India, part of the US-based software services provider, has been chosen as the exclusive implementation-cum-distribution partner for the document management software products of the French firms - - Saitel and APPIC. The ... More

IT professionals callous about mobile security: Survey
A THIRD of IT professionals using mobile devices such as PDAs and Smartphones don't use passwords or any other security protection - and yet three out of ten of these sloppy handheld happy users store their PIN numbers, passwords and other ... More

Decision on IFCI merger put off to next fiscal; closure ruled out
"The progress of IFCI has been on track. Recoveries have been good and the picture might be better at the end of the fiscal." More

Non-emerging market funds also turn to Indian stocks
INDIAN stocks are attracting even non-emerging market portfolios managed by global fund houses such as Janus and T. Rowe Price. Diversified portfolio managers, who habitually track developed markets, are increasingly stepping away from the ... More

Depression loses sting; new cyclonic circulation likely
Expectations are that the coastal waters will warm up again once the rain bands move out farther into the hinterland, which they are doing now. This will leave the area open for a new cyclonic circulation from the southeast Bay of Bengal to spin its way in and evolve further. More




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