Financial Daily from THE HINDU group of publications
Thursday, December 29, 2005
Commodities (Dec 28 - at close)
Gold (per gram) Rs704
Silver (per gram) Rs14.40
Brent crude (per bbl) Rs2542
Markets (December 28)
BSE Sensex9257.51 (-25.65)
S&P CNX Nifty2794.05 (-11.85)
US Dollar (Buy/Sell)45.08/45.22



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Corporates paying over Rs 5-cr excise in metros — Large taxpayer units to be functional from April 1
COME April 1, 2006, corporates which pay excise duty of over Rs 5 crore in a year and are assessed to corporation tax in any of the five specified metro cities could opt for the facility of Large Taxpayer Units (LTU) that is to be put in place by ... More

Power tariff hikes on cards — NTPC, SEB expenses `hauled' over the coals
While NTPC accounts for around 30 per cent of the total power generated in the country, coal-fired generating stations of SEBs — which account for much of the remaining generation — are also faced with increased costs on account of coal i mports. More

SAIL favours mega merger of steel PSUs — `A single entity is the need of the hour'
STEEL Authority of India Ltd (SAIL), for the first time, has favoured the proposed mega merger of steel-related public sector units, including the Vishakapatnam-based Rashtriya Ispat Nigam Ltd (RINL). Addressing a press conference here on ... More

IMD redemption will not hit liquidity: Chidambaram
THE Union Finance Minister, Mr P. Chidambaram, has said that the redemption of India Millennium Deposits (IMD) by Non-resident Indian depositors from Thursday is unlikely to impact liquidity situation. "We have enough liquidity. So there is no ... More

Clause 49: Stock exchanges to stick to Dec 31 deadline
STOCK exchanges today said that companies would have to comply with the Clause 49 of the Listing Agreement relating to the appointment of independent directors on their boards from January 1. The BSE and the NSE said that all listed companies ... More

IOC-IBP swap ratio revised to 110:100
Earlier, the boards of the two companies had approved a swap ratio of 125 shares of IndianOil for every 100 IBP shares More

AP plans to drag Monsanto to MRTPC over Bt cotton royalty
In the last three years, cotton farmers in Andhra Pradesh bought Bt seeds worth Rs 130 crore. Of this, Rs 78 crore went to Monsanto (as royalty). More

Foreign investments spur growth of stock market
THE equity market continued its bull run for the third year in row as good growth in corporate profits and government policies kept the faith of investors (especially foreign) in the markets with major stock indices closing at a new high. ... More

Lifetime offers may dent ARPUs for operators
THE plethora of lifetime pre-paid mobile card and lower mobile tariffs on offer may be the perfect New Year's gift for subscribers, but for the operators it could mean drastic fall in average revenue per user (ARPU), prompting Airtel to change ... More

Lenovo eyes consumer PC segment in India
CHINESE PC major, Lenovo, which hitherto focussed on the commercial PC business in India, proposes to tap the consumer segment over the next few quarters. The consumer segment accounts for some 33 per cent of the overall PC market in India. ... More

Retail growth made for top-drawer stuff
NEVER did the retailing sector make the headlines as much as it did in 2005. In a year when retail was unanimously dubbed as India's next sunrise sector, the country's top retailers announced ambitious expansion plans, formed strategic alliances, ... More

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