Financial Daily from THE HINDU group of publications
Tuesday, December 13, 2005
Commodities (December 12)
Gold (per gram) Rs756
Silver (per gram) Rs15.30
Brent crude (per bbl) Rs2652
Markets (December 12 - 15.30 IST)
BSE Sensex9133.67(+66.39)
S&P CNX Nifty2776.20 (+19.75)
US Dollar (Buy/Sell)46.09/46.22



Group Sites


McLeod Russel close to acquiring Doom Dooma Tea — Size of deal likely to be Rs 50-60 cr
MCLEOD Russel India Ltd, a BM Khaitan Group company and a bulk tea producer, is close to acquiring Assam-based Doom Dooma Tea Co Ltd, a wholly owned subsidiary of Hindustan Lever Ltd. Industry sources said McLeod Russel, which was recreated ... More

Scaling new highs: Sensex crosses 9,100-mark
STOCK prices continued to scale new highs on Monday with the BSE Sensex crossing the 9,100 levels. The upturn was in line with various international markets. Brokers said there was select buying, but the major action in today's trading was in ... More

11 MPs pay the price in money-for-questions scam
AFTER the Volcker report on the UN oil-for-food scam, Parliament was rocked again today with another corruption exposť - video footage showing members taking money in order to raise questions in the House. The exposť, aired on Hindi news ... More

Attrition costs weigh down BPOs: Study
THREE-FOURTHS of what is shown as wage costs in a business process outsourcing (BPO) firm could be monies paid not so much for the work put in by its employees, but actually towards costs of hiring, training and rehiring. A study by the Indian ... More

Written-off NPA recoveries to help beef up PSBs' profits — Higher dividend for this year on cards
PUBLIC sector banks are preparing to fork out higher dividends this year with bottom-lines boosted by high recoveries of non-performing assets (NPAs). Bankers said each of them expected to make recoveries upwards of Rs 750 crore this year. ... More

Industrial production index dips in Oct
A NEGATIVE 1.8 per cent growth in the mining sector coupled with a slower 9.6 per cent growth in the manufacturing pulled down the Index of Industrial Production (IIP) to 8.5 per cent in October 2005 compared to 10.6 per cent in the same month a ... More

'Services, BPO exports to touch $60 b by 2010' — Quality talent, infrastructure key to retaining offshore edge
THE country's software services and BPO exports are projected to touch $60 billion by 2010 on the back of over 25 per cent year-on-year growth, though the country would have to address critical issues such as a potential shortage of 0.5 million ... More

Nevis Network develops chip-cum-security tool — Vinod Dham keen to invest in more cos
WITH an investment of $40 million, a chip that can work 100 times faster than the Pentium chip and lock down the local area network (LAN) from security threats has been developed at the research and development centre of Nevis Network in Pune. ... More

Reliance Info, China Telecom tie up for direct service
RELIANCE Infocomm has entered into an agreement with China Telecommunications Corporation for direct service, including a global hubbing service, to subscribers in India and China. The agreement will pave the way for the first direct telecom ... More

Gold tops Rs 8,000-mark in domestic market
GOLD prices crossed Rs 8,000-mark on Monday. Both the precious metals prices moved up further on strong international trend despite limited buying interest. Silver (.999 fineness) moved up by Rs 210 to Rs 13,365 per kg. Pure gold prices moved ... More

Long monsoon tail on view as `easterly wave' approaches
THE `easterly wave' comprising convective clouds bracing to enter the Bay of Bengal waters might just signal the beginning of the end of a phenomenon in which a parade of such rain-bearing systems has rolled down from the South China Sea, as if ... More

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