Financial Daily from THE HINDU group of publications
Wednesday, December 28, 2005
Commodities (Dec 27 - at close)
Gold (per gram) Rs698
Silver (per gram) Rs14.30
Brent crude (per bbl) Rs2563
Markets (December 27)
BSE Sensex9283.16(+197.27)
S&P CNX Nifty2805.90 (+56.30)
US Dollar (Buy/Sell)45.20/45.34



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YES Bank IPO: NSDL cries foul over blame pinned on it — Says regulation is SEBI's job
"As the order has been passed against NSDL without following the principles of natural justice, without giving NSDL the material and documents which SEBI seeks to rely on, the order suffers from grave legal defects." More

Finance Ministry does not favour extending Clause 49 deadline — Wants to stick by SEBI's stance
WITH a few days to go before the deadline for compliance with the revised Clause 49 of the Listing Agreement expires, the Finance Ministry has come out in support of the capital market regulator's current stance that there should be no extension ... More

Reliance demerger catches fund managers, traders on wrong foot
THE demerger of Reliance Industries (RIL) has created confusion among fund managers, FIIs and traders who follow the Sensex and the Nifty index. The confusion among fund managersis: how to balance their portfolio following the demerger and ... More

Sensex rebounds on `value-picks'
STOCK markets rebounded smartly on Tuesday on broad-based buying and "value-picks" by foreign funds after many stocks became "attractive" following Monday's fall, traders said. The benchmark BSE-30 surged by 197.27 points (2.17 per cent) to end ... More

As Nigerian acquisition plans fizzle out — ONGC not to offload equity stake in IOC, GAIL now
AS an immediate fallout of the Centre disallowing ONGC to acquire assets in Nigeria, the exploration and production major has dropped plans to sell part of its equity stake in IOC and GAIL (India) during this year. The corporation holds 10 per ... More

Private airlines told to train pilots to fly in foggy conditions — Fallout of delays, confusion at Delhi airport
THE Government has threatened that it would not allow private airlines to fly out of Delhi from next winter unless they have trained manpower to operate flights in foggy conditions, said the Secretary of Civil Aviation, Mr Ajay Prasad. "We ... More

UTI MF to launch three offshore funds next year
UTI Asset Management Company, the country's largest fund house, plans to come out with three offshore funds next year for investing in the booming Indian equities market. It also plans to launch three debt and equity funds in the short-term, ... More

Net subscriber base tops 6-m mark
IT is not just the mobile segment that is breaking records, the dial-up Internet subscriber base too has crossed the 6-million mark - three months ahead of the target date set by the government as part of its broadband policy. According to ... More

Infrastructure growth down to 3 pc in Nov — Crude oil, steel, coal, electricity fare badly
Only one sector, petroleum refinery products, managed to post a slightly higher growth rate More

Insurers are once bitten, twice shy
FACED with mounting claims from information technology companies, non-life insurers have suggested that liabilities be shared by the respective corporates. Sources said the medical claims ratios from IT and IT-enabled services corporates were ... More

Changing lifestyles push liquor sales
IT was more than just a frothy year for the country's liquor industry in 2005 combined with consolidation, price stability and regularisation. The UB Group and SAB Miller emerged as the country's lead players after their now-famous acquisitions ... More

2005 is second warmest year on record, says WMO
The 2005 Atlantic hurricane season brought an unprecedented 26 named tropical storms that caused devastating losses across Central America, the Caribbean and the US. Fourteen of the named storms were hurricanes. More

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The year of `employee' for India Inc

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Special one-hour trading in Reliance on Jan 18 for index management

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PCO booths: Pvt players make big inroads

Auto sector: Having a successful run

Rice exporters unlikely to make offers till mid-Jan — Millers in AP more keen on meeting levy obligations

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Mines Ministry rejects plan to sell 5 pc Nalco stake to boost NIF — Will toe DoD line if proceeds are used to expansion

In Focus

Dynamic Tirupur
Trends in IT - 2005
FDI in retail sector
Indian Aviation: Sky is the limit
India Inc's bonus bonanza
India Inc's overseas acquisition

In Depth

Gender Justice
Simple Economics
Tax Talk


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