Financial Daily from THE HINDU group of publications
Tuesday, December 27, 2005
Commodities (Dec 26 - at close)
Gold (per gram) Rs697
Silver (per gram) Rs14.15
Brent crude (per bbl) Rs2563
Markets (December 26)
BSE Sensex9085.89(-171.02)
S&P CNX Nifty2749.60 (-55.25)
US Dollar (Buy/Sell)45.00/45.13



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Clause 49: Deadline may be extended
THE December 31, 2005 deadline for appointment of independent directors on the boards of listed companies as per Clause 49 of the listing agreement set out by the SEBI may be extended to March 31, 2006 sources told Business Line. ... More

Exporters in domestic tariff area seek taxation parity
`On the income-tax front, there has to be equitable treatment for all exporters' More

Call rates rise on liquidity tightness — Sensex nosedives 171 points
Though rates ended the session at 6.5-6.75 per cent, dealers say the call market is likely to be volatile for the rest of the week due to fears of IMD redemption. Today, RBI lent Rs 17,680 crore to banks through the repo auction. The advance ... More

Exclusive spectrum band for Defence mooted
IN a bid to find a solution to the spectrum crunch being faced by operators, the Government is exploring the possibility of creating an exclusive `Defence Band' for spectrum usage by the largest consumer of radio frequency — the armed ... More

NPIL-Pfizer deal on animal health products
MUMBAI: Nicholas Piramal India Ltd (NPIL) has signed a long-term contract manufacturing agreement with Pfizer International LLC for animal health products. The agreement is for a period of seven years and renewable thereafter, a company ... More

Panel pulls up DoT for delay in spectrum policy — Favours release of 1,900 Mhz for CDMA players
Lack of anticipated demand for spectrum and haphazard planning over a period of time has given birth to a horde of problems. More

Tata Chem open offer soon for remaining stake of Brunner Mond — `Funds will be generated internally for the purpose'
THE combined entity of Tata Chemicals Ltd (TCL) and UK-based Brunner Mond Group (BM) will be the third biggest soda ash manufacturer worldwide with a production capacity of 3 million tonnes. TCL had acquired a 63.5 per cent equity stake in BM ... More

Banks fine-tune retail focus
AS PART of their focus on retail loans, several public sector banks are segregating their retail operations to speed up processing and disbursement of retail advances. This helps control turnaround time for retail loans and make optimum use of ... More

Aztec chief trims stake
AZTEC's Founder and Chairman, Mr S. Parthasarathy, has progressively reduced his equity stake in the company over the past eight quarters to less than three per cent from about 10 per cent. His current holding stands at 11.6 lakh shares or around ... More

Cyber tribunal may be expanded
The department is still looking at incorporating certain new amendments, including expanding the strength of the proposed Cyber Appellate Tribunal to three members. More

Zensar to locate recovery centre in Hyderabad
ZENSAR Technologies Ltd has announced plans to locate a disaster recovery centre at Hyderabad to support its global operations. Addressing a press conference here on Monday, the Chief Executive Officer of Zensar, Dr Ganesh Natarajan, and the ... More

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