Financial Daily from THE HINDU group of publications
Saturday, December 03, 2005
Commodities (December 02)
Gold (per gram) Rs701
Silver (per gram) Rs14.55
Brent crude (per bbl) Rs2584
Markets (December 02 - 15.30 IST)
BSE Sensex8961.61(+16.83)
S&P CNX Nifty2697.95 (-1)
US Dollar (Buy/Sell)46.15/46.28



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Dual pricing for kerosene under study
`The timing is appropriate to discuss issues like taking out above poverty line cardholders from the purview of subsidised kerosene and controlling leakage' More

Rupee at new 14-month low
THE rupee dived to a fresh 14-month low against the dollar on Friday, in tandem with a fall in other major currencies. In the domestic market, heavy importer buying pulled the rupee down against the greenback. The rupee opened at 46.11, ... More

Natwar Singh was in the know, says envoy — Govt will dig out the truth: Manmohan
`The Enforcement Directorate has assured the Government that investigations are proceeding on the right track and they would be able to establish the facts expeditiously.' More

`Booming Sensex reflects buoyant economy'
`As long as price earning ratio is within limits, we should not get worried about the movement of index'. More

It will become an IN-thing for all callers
TELEPHONE users will soon be able to access all the help-line numbers, toll-free numbers, tele-voting numbers and premium numbers like those offered by astrologers, irrespective of the operators from whom they have taken the connection. The ... More

`Power T&D loss in India among the highest'
THE country's power sector, infamous for its distribution sector inefficiencies, shares the top slot in the company of countries such as Nigeria and Nicaragua when it comes to overall transmission and distribution (T&D) loss levels. Countries .. More

FIIs continue to make a beeline for Indian bourses
THE Indian stock markets, even as they trade at all-time high levels, continue to lure foreign institutional investors (FIIs) in a big way. In the first eight months of the current fiscal, a total of 136 new FIIs registered themselves with the ... More

Genpact signs outsourcing pact with Wachovia Corp
The two companies would work together to evaluate various processes over the next several months, with the expectation that some work would transition in the second quarter of 2006. More

Teledata buys US, Thai firms
TELEDATA Informatics Ltd on Friday said that it has acquired Daan Consulting of the US and NetSol Technologies of Thailand. In mid-November, the company also acquired Vanguard Technologies. Teledata has spent a total of $14 million for the ... More

Chennai rains play spoilsport; disappointment greater for Zee
THE weather as expected played spoilsport in Chennai washing out the first day's play of the India-Sri Lanka test match, much to the displeasure of cricket lovers. But for Zee Sports, it has been a greater disappointment as the channel could not ... More

Maxtor launches shared storage plus solution
MAXTOR Corporation, supplier of hard disk drives and consumer storage solutions, on Friday announced `shared storage plus' solution, offering users a three-in-one network drive for shared storage, data back-up and media streaming for home or ... More

Inflation rises on costlier chemicals
THE annual wholesale price index-based inflation rose 4.32 per cent during the week ended November 19, up from the previous week's annual rise of 4.20 per cent. The increase in the year-on-year inflation rate was largely on account of higher ... More

Oil cos seek review of new marketing discipline norms
TROUBLED by the recent incident of the murder of a young Indian Oil Corporation sales officer, the marketing heads of the public sector oil marketing companies (OMCs) are pressing for the review of new Marketing Discipline Guidelines (MDGs).The ... More

Invading westerlies lop the top off `Baaz', weaken storm
TROPICAL Cyclone Baaz underwent at least three rounds of deterioration over the Bay of Bengal waters to become a well marked `low' by Friday night, ensuring that it would have scaled down to barely tropical storm strength at the time of landfall. ... More

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