Financial Daily from THE HINDU group of publications
Monday, December 12, 2005
Commodities (December 10)
Gold (per gram) Rs741
Silver (per gram) Rs15.15
Brent crude (per bbl) Rs2,652
Markets (December 09 at close)
BSE Sensex9067.28(+160.97)
S&P CNX Nifty2756.45 (+49.75)
US Dollar (Buy/Sell)46.19/46.20


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Now, a waiting list for mobile phones!
BSNL has 1.4 million seeking connection

CELLULAR uptake in the country is picking up so rapidly that operators now have a waiting list, something which consumers used to dread when fixed line telephones were popular. While the State-owned Bharat Sanchar Nigam Ltd has reported over ... More

Cross-holding in IOC, GAIL — ONGC drops buyback plan, may divest stake in market
THE issue of unlocking of cross-holdings among three major oil PSUs — ONGC, GAIL and Indian Oil is fast reaching a new turn. According to highly-placed sources, ONGC has not only dropped its plan for buyback of shares from IOC and GAIL, ... More

ONGC chalks out Rs 1 lakh-crore investment plan
ONGC has drawn up a mammoth Rs 1,00,000-crore investment plan in India and abroad in the next five years. This is a marked difference from the company's earlier practice of finalising annual capital expenditure plans. The decision has ... More

Pension corpus of new Govt staff swells to over Rs 2,500 cr
THE pension kitty that would be available for fund mangers from day one of the proposed New Pension System (NPS) is steadily swelling. With pension reforms getting repeatedly stuck in the political quagmire, the corpus built through contributions ... More

Record wheat crop likely this year
A RECORD wheat crop could be in the offing going by the current sowing trend but experts are cautious waiting for a clear picture to emerge. According to the Agriculture Ministry, the area under wheat has increased to 142.05 lakh hectares (lh) ... More

Birlasoft plans to ramp up headcount
Birlasoft has been named the IT Partner of the Year 2005 by Mercury. More

SEBI tracking `abnormal' stock price movements
BUOYED by the success in cracking the whip on jacked-up penny stocks and saving thousands of gullible investors, the Securities and Exchange Board of India (SEBI) has further strengthened its surveillance system for `early detection' of ... More

As liquidity dries up — Volatility, profit taking may check bull run
THE local bulls appear set to make a directional call for the Dalal Street. Despite strong volatility and profit booking tendencies, the benchmark indices took an upward move primarily because a section of market players pressed for strong index ... More

Land features mellow `Fanoos'
TOPOGRAPHY of the point of landfall forced Tropical Cyclone Fanoos to smash its underbelly against the island mass of Sri Lanka, letting open a pressure valve on the left flank and sparing the adjoining south Tamil Nadu coast collateral damage. ... More




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