Financial Daily from THE HINDU group of publications
Wednesday, December 07, 2005
Commodities (December 06)
Gold (per gram) Rs713
Silver (per gram) Rs14.60
Brent crude (per bbl) Rs2672
Markets (December 06 - 15.30 IST)
BSE Sensex8815.53(-7.78)
S&P CNX Nifty2662.30 (+1.80)
US Dollar (Buy/Sell)46.17/46.30



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Tax exemption with riders for profit from DEPB licences — Amendment Bill introduced in LS; provisions a let down, say exporters
PROFITS earned from sale or transfer of duty entitlement passbook (DEPB) licences are not to be tax-exempt across the board, as demanded by exporters. The Taxation Laws (Second Amendment) Bill introduced in the Lok Sabha by the Finance ... More

Microsoft to set up Innovation Centre in Bangalore
COINCIDING with the visit of the Microsoft Chairman, Mr Bill Gates, to India, the software company today announced plans to set up an `Innovation Centre' in Bangalore by January 2006, as part of a proposed network of 90 such centres across the ... More

Reliance plans underground coal gasification projects
RIL has urged the Government to change the Coal Mines (Nationalisation) Act of 1973, to create new provisions for allocation of captive coal blocks to a private sector entity More

36 firms sought RBI nod in Oct to raise overseas funds
IDBI Ltd, Amtek India, and Reliance Industries were among the 36 companies that had sought permission from the Reserve Bank of India in October 2005 to raise overseas funds, according to the RBI Web site. These companies proposed to raise funds ... More

Bollywood scripts success stories in 2005
FOR the Hindi film industry, 2005 should stay memorable. Preliminary estimates indicate both strong growth in box office collections and a rise in the number of films graduating to the big-earner bracket. In its industry report of May 2005, Yes ... More

S&P keeps India's rating below investment grade
GLOBAL rating agency Standard & Poor's has maintained India's sovereign rating below investment grade over fears of mounting fiscal deficit. S&P has affirmed its `BB+' long-term and `B' short-term sovereign ratings on India. The outlook on t More

FIIs turn attention to small IT, pharma firms
FIIs have also recently zeroed in on other companies such as Bajaj Hindustan and Eveready Industries. More

`Start-ups need long-term vision to woo VCs'
ENTREPRENEURS can attract venture capitalists by thinking long-term. Indian companies need to shift their product and technology-centric mindset and become market-wise, say venture capitalists. At the National Association of Software and ... More

Funds from USO for non-conventional energy — DoT to `power' rural expansion
NON-AVAILABILITY of power may not be a bottleneck for rolling out telecom services in rural areas, with the Department of Telecom mulling to fund usage of non-conventional energy from the Universal Services Obligation (USO) fund. Lack of ... More

MCX rates now on SMS for BSNL, MTNL users
THE Multi Commodity Exchange of India (MCX), Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) on Tuesday announced the launch of short messaging service (SMS) to provide real-time prices of commodities futures and spot ... More

Bay system turns depression, churning fast to the coast
THE National Centre for Medium Range Weather Forecasting (NCMRWF) maintained the fresh rain alert for coastal Tamil Nadu and south coastal Andhra Pradesh as the `low' over southeast Bay of Bengal scaled up in intensity to become a depression ... More

New scheme for women scientists next year
A SCHEME to bring women scientists who have suffered a break in their career back into the mainstream science activity is expected to be implemented by the middle of next year, the Minister of State for Science and Technology, Mr Kapil Sibal, ... More

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