Financial Daily from THE HINDU group of publications
Sunday, December 04, 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)46.19/46.20


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PM launches urban mission — `Property rights can be used as collateral for financing new investment'
THE Prime Minister, Dr Manmohan Singh, today launched the Rs 1 lakh-crore Jawaharlal Nehru National Urban Renewal Mission (JNNURM) aimed at improving urban infrastructure and urban basic services in over 60 cities with a million-plus population, ... More

Equity market dwarfs banks as India Inc's source of finance
BETWEEN April and October 2005, Indian companies mobilised Rs 51,459 crore through public offers, rights issues and private placements. In contrast, through financial year 2005, Banks lent Rs 42,976 crore to medium and large industries as a ... More

Ruia group plans to open Dunlop factories in 9 months — Looking to invest Rs 150 cr in first phase
THE Kolkata-based Ruia Group has taken over the controlling stake in Dunlop India Ltd, Falcon Tyres and Indian Tyre and Rubber (ITR) from theDubai-based Jumbo group owned by the family of the late M.R. Chhabria. The block deal was sealed for a ... More

Sumitomo sounds on nylon tyre cord unit
ON the heels of its acquisition of Dunlop and Falcon, the Ruia Group has been approached by Sumitomo of Japan for setting up a nylon tyre cord facility in India. Sumitomo owns the Dunlop brand globally except in India. According to the Ruia ... More

With Rs 1,700 cr in kitty, Centre may not yield to industry on FBT
The Government is not averse to receiving suggestions for fine-tuning the FBT provisions More

The postman will fetch bank loan too!
Banks agreed to pay post office Rs 600 per loan sanctioned, irrespective of amount. More

Pick a winner stock market contest
For the contest held in November, the stock of Nelco posted the maximum gain of 105.8 per cent. Its price rose from Rs 54.7 to Rs 112.5. Out of 976 entries received, there were 16 winners, including multiple entries. They are: S.P. ... More




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Dunlop, Falcon acquisition — Cross-country holdings made it a complex deal, says Ruia


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