Financial Daily from THE HINDU group of publications
Monday, December 05, 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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Banks gear up to curb education loan defaults — Notations on mark sheets, bar-coding passports likely
PLANNING to get an education loan from a public sector bank? Be prepared to hand over your original mark-sheet to the lender or to have your passport embossed with a bar code that could help lenders track you down if you default on ... More

Textile companies scan EU, US markets for second-hand machinery
INDIAN textile firms, which are in an expansion mode following the quota phase-out, are aggressively looking at buying out textile manufacturing units in the EU and the US with the aim of relocating machinery to India. While a major shortage ... More

Decision on bifurcating GAIL's marketing, transmission biz soon
A FINAL decision on bifurcating the gas marketing and transportation business of GAIL (India) Ltd seems to be near with the Government hoping to get Parliamentary approval for setting up the proposed Petroleum Regulatory and Natural Gas Board ... More

Ruia visits Sahagunj, kindles workers' hopes
"SAAB, please open the factory. My family is ruined," said a wailing Rajkishore Singh (50), a worker in the moulding division. "Sir, please give back my father his job. I want to go to school again," said Deepa Srivastav (13). "P.K. Ruia ... More

Intel very keen on India, says Maran
THE Chairman of Intel Corporation, Mr Craig Barrett, met the Union Minister for Communications and Information Technology, Mr Dayanidhi Maran, at the latter's residence in Chennai on Sunday. The meeting lasted about 45 minutes. While Mr ... More

3i Infotech hungry for more acquisitions
3i Infotech (earlier ICICI Infotech) still has a strong appetite for acquisitions, even after the three buys it has done after it publicly listed this year. Such acquisitions could be financed through swaps also, and not necessarily through ... More

Megasoft looking to buy company in the US
The company is betting high on telecom technology exports. Its telecom practice, which accounts for 36 per cent of its revenues currently, grew by 170 per cent during the last fiscal. More

Airports revamp plan: `Deadline in awarding contracts will be met'
THE process for modernisation and restructuring of Delhi and Mumbai airports is on track and the December 31 deadline for awarding the contract for both the airports will be met despite the Inter Ministerial Group meeting held here on Friday ... More

Sensex may consolidate around current levels
THE Sensex attempted a couple of times to sail past the 9000-point mark last week. But the liquidity flow was not enough for its venture into the new territory. Though still positive, the liquidity inflow needs more steam to move ahead ... More

Another low-pressure brewing in Andaman Sea
It's too early to talk about the landfall since the system is located quite far from the mainland and at least five days away from hitting the home stretch. More




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