Financial Daily from THE HINDU group of publications
Wednesday, December 21, 2005
Commodities (Dec 21)
Gold (per gram) Rs683
Silver (per gram) Rs13.75
Brent crude (per bbl) Rs2530
Markets (December 21)
BSE Sensex9346.24 (-48.03)
S&P CNX Nifty2826.20 (-16.40)
US Dollar (Buy/Sell)45.16/45.29



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Govt rules out immediate hike in FII limit in PSU banks
THE long wait for a hike in foreign institutional investor (FII) investment limit in public sector banks is set to continue for some more time. The Government has said that it is not considering any proposal for a hike in the cap at present ... More

NTPC likely to get seven coal blocks
NTPC's foray into coal-mining is aimed at ensuring timely availability of fuel for its stations and at controlling the fuel cost, which constitutes around 50 per cent of its bulk supply tariffs. More

Pfizer launches Viagra in India — 50 mg tablet priced at Rs 463
IT was just an idea in 1989 when Pfizer's Dr Peter Ellis, joint patent holder on Viagra, thought that sildenafil citrate could be effective in treating erectile dysfunction (ED). That the drug would go on to capture popular mind-space, with ... More

Gas supply contract issue — NTPC files case against Reliance
NATIONAL Thermal Power Corporation on Tuesday moved the High Court of Bombay against Reliance Industries Ltd (RIL), putting into action a warning earlier this month that it would take "legal and other steps" against the company for not honouring ... More

Seamen PF: Bombay HC directs Govt to take decision in 4 weeks
THE Bombay High Court has directed the Union Government to take an appropriate decision within four weeks on how it will deal with the Rs 92.78-crore loss suffered by Seamen's Provident Fund (SPF) in securities trading in 2002. The directive ... More

Most sectors post growth in April-Oct
THE overall growth rate during the April-October 2005 period has come down in respect of most of the sectors as compared to the growth rate achieved during the same period last year. However, only fertilisers and petroleum registered negative ... More

TRAI issues draft recommendations on migration to IPv6
IN a bid to give a push to Internet Protocol version 6 deployments, which offer improved address space, quality of service and data security capabilities, Telecom Regulatory Authority of India (TRAI) today suggested that IPv6 usage in platforms ... More

Perot Systems sees India headcount rising 25-30%
THE US-based Perot Systems Corporation hopes to add 1,500-1,800 professionals to its Indian operations over the coming year, thus increasing its current workforce by 25-30 per cent. Perot Systems, which had a joint venture with HCL till ... More

Bandwidth segment is laggard here
WHILE India can boast of a number of players in the mobile market, it lags behind when it comes to competition in the international bandwidth segment. While countries such as the UK and the US have more than 30 operators offering international ... More

MFs allowed to offer open-ended ELSS
THE Finance Ministry has set the record straight on the issue of allowing mutual funds to offer an open-ended equity-linked savings plan under the Equity Linked Savings Scheme 2005. It has now amended the ELSS 2005 to specify that a mutual fund ... More

Pepper imports rise despite curbs
PEPPER imports into the country have continued to increase during the past three years and despite the restrictive measures imposed this year, it stood at 15,926 tonnes during January-October 2005 as against 14,096 tonnes in the corresponding ... More

Fresh `low' alert even as tropical storm drifts away from TN coast
AS tropical storm 07B curved back into the high seas off Pondicherry to firmly put itself on a track away to the north-northeast, fresh alert has been sounded of a new `low' converging over the south-central Bay of Bengal around the weekend. ... More

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