Financial Daily from THE HINDU group of publications
Friday, December 23, 2005
Commodities (Dec 22 - at close)
Gold (per gram) Rs684
Silver (per gram) Rs13.90
Brent crude (per bbl) Rs2575
Markets (December 22)
BSE Sensex9372.30 (+33.13)
S&P CNX Nifty2835.25 (+12.35)
US Dollar (Buy/Sell)45.19/45.33


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Bengal, Rajasthan, Himachal allow 7 cos to choose power distributor
List includes Gujarat Ambuja, Hindustan Zinc, Indal units

GUJARAT Ambuja's Himachal Pradesh unit, Aditya Cements' and Hindustan Zinc's Rajasthan units and West Bengal-based Indal Ltd are among the first set of consumers in the country to have been permitted to select the power utility of their choice. ... More

Govt committed to sugar decontrol: Pawar
THE Government is committed to decontrolling the sugar sector at the right time, according to the Union Minister of Agriculture, Consumer Affairs, Food and Public Distribution, Mr Sharad Pawar. However, he did not give a timeframe for the ... More

StanChart acquires Rs 1,300-cr NPAs from ICICI Bank
STANDARD Chartered Bank announced on Thursday that it has acquired bad loans to the tune of Rs 1,300 crore from ICICI Bank. The acquisition of this non-performing loan portfolio, carried out by Standard Chartered Bank's Alternate Investment ... More

Ferro Alloys venture to dig deep for platinum — Actual size of deposits inOrissa to be assessed
A 70:30 joint venture between Platinum Mining Corporation of India (UK), a subsidiary of Platinum Mining Corporation of India Plc, and Ferro Alloys Corporation, will begin deep diamond core drilling to assess the actual size of platinum deposits ... More

Traditional items drive H1 export growth 22%
TRADITIONAL export items such as agriculture and allied products, chemicals and related products, engineering goods and gems and jewellery and unconventional items such as petroleum products accounting for a major share of the country's export ... More

`Made in India' mobile launched — Maran asks Motorola to make sub-Rs 1000 handset for masses
THE world's second largest maker of mobile phones, Motorola, on Thursday launched its `Made in India' handset — the C 115 — billed as a common man's mobile at a price tag of Rs 1,700. "I am delighted to see it happening. As much as ... More

Mastek `Elixir' for insurers
MASTEK has launched `Elixir', a solution for policy administration by insurance companies in India. This is a component-based solution designed specifically for insurance companies that want to launch hybrid products and improve the efficiency of ... More

Rural telephony — Intellicon to market switches of Turkish co
AHMEDABAD-based Intellicon Ltd announced on Thursday that it has tied up with Karel, a Turkish telecom company, to market rural telephone exchanges in the country. Karel offers telephone switches of smaller capacity that are claimed to be a ... More

IBP-IOC merger: Swap ratio likely to be modified
THE swap ratio for the proposed merger of the IBP Co Ltd with Indian Oil Corporation Ltd (IndianOil) is likely to be modified. At a recent meeting, the Committee of Secretaries (CoS) is understood to have suggested that the two companies ... More

Brewing `low' too feeble: Forecast
INDICATIONS are that the new `low' expected to take shape by Sunday over the southeast Bay of Bengal will be a feeble one and might well turn out to be inconsequential for the peninsular coast. The fast pace with which it is moving and the ... More




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