Financial Daily from THE HINDU group of publications
Tuesday, January 03, 2006
Commodities (Jan 02 - at close)
Gold (per gram) Rs711
Silver (per gram) Rs14.55
Brent crude (per bbl) Rs2621
Markets (January 2)
BSE Sensex9390.14 (-7.79)
S&P CNX Nifty2835.95 (-0.60)
US Dollar (Buy/Sell)45.03/45.16



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Mid, small-cap stocks open New Year on a high — Fertiliser, sugar in the limelight
YEAR 2006 started on an optimistic note for mid-cap and small-cap stocks while large-cap stocks, save Reliance Industries, remained lacklustre. Monday was the first trading day of the year. The mood at small-cap and mid-cap counters was evident ... More

Reliance Cap, Ventures swap ratio at 5:100
SHAREHOLDERS of Reliance Capital Ventures (RCVL) will get five shares of Reliance Capital Ltd (RCL) for every 100 shares of RCVL, both the shares being of face value of Rs 10 each. The process of demerger of the Reliance Group into entities ... More

TRAI panel proposes 74% FDI in cable TV operations
THE Telecom Regulatory Authority of India's Committee on Broadband and Telephony over Cable TV Network has suggested allowing 74 per cent foreign direct investment in cable TV operations to bring it on par with the policy governing cellular and ... More

Left opposes divestment in profitable PSUs
THE Left parties on Monday reiterated their position that disinvestment of profitable public sector units was not the proper way of raising resources, thereby putting a question mark on the Government's proposed move to sell shares in some ... More

Air Sahara offers Delhi-London for Rs 10,000
GET set to fly between Delhi and London for Rs 10,000. In a move to promote its new website, celebrate the New Year and launch its London flight, Air Sahara is offering a return fare of Rs 10,000 between the two capitals. "The offer will be ... More

RBI declines priority sector status for wind power loans
THE Reserve Bank of India has declined to include loans given to the wind power sector under priority sector lending. Responding to a request from the Indian Wind Power Association, a representative body of windmill owners and wind turbine ... More

Videocon plans mega FCCB issue to fund expansion
VIDEOCON has planned a mega FCCB issue to finance its expansion plans. The office of the Videocon Chairman, Mr Venugopal Dhoot, confirmed to Business Line that the company was "in advance stages of raising funds through issue of FCCBs in ... More

Sugar output may turn out to be less than current estimates
A LARGE part of the country's sugar industry, in particular private sugar mills are upbeat about market prospects in the year ahead. Sugar production for 2005-06 is expected to show a quantum jump over the previous year. Industry ... More

Software upgrades tough on SMEs
WHEN it comes to human resources, the IT industry seems to have a clear-cut food chain, with most employees in SMEs eventually gravitating to the bigger firms. As an offshoot of this problem, some SME entrepreneurs complain that their companies ... More

Innovation can help add $20 b to IT exports: Nasscom
The areas that have been overlooked relate to the implications that innovation can bring about in cost savings. This is important as countries in the Eastern Europe are closing up in some areas. More

Sify offloads 26 pc in Safescrypt to Satcom — Subsidiary plans to apply for NLD/ILD licence
SIFY Ltd has sold 26 per cent of its stake in Safescrypt to the Visakhapatnam-based Infinity Satcom Universal (P) Ltd for $3.1 million (about Rs 12 crore) in cash. The agreement to this effect was signed between Sify and Infinity on December ... More

India-specific ETF lists on LSE — Fund eyes mid-cap space
Caledonia-backed fund places 75-m shares at 100 pence More

Ayurvedic exports to sport label on heavy metals from today
SHREE Dhootapapeshwar, a Mumbai-based company, was to send a consignment of massage oil, herbal tea, and single and poly-herbal tablets to Germany in the last week of December. But this consignment will now leave Indian shores only by the third ... More

CBDT extends time for filing quarterly returns on deposits
ONE of the two anti-tax evasion measures introduced by the Government through the Union Budget 2005-06 continues to be beset with implementation problems. The Finance Ministry has once again extended the due date for filing of quarterly returns ... More

Westerly system stagnates, kicks up rain/snow in North
The system, with the `low' in tow, is expected to move northeast, leading to a progressive decrease in precipitation activity over the region from Wednesday More

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Top Stories
Southern Railway earns more from special trains

Adherence to Clause 49: IOC convenes EGM to induct more independent directors

Four-wheeler sales growth slows in 2005

Construction industry takes bigger strides

Wage hike unlikely to hit bottomline of PSU insurers — Second round of VRS for insurance staff on anvil

Ban on Chinese textiles boosts Indian export growth

Tariff values on vegetable oils reduced — Industry terms it as `small revision'; steepest cut for RBD palmolein

`Mega insurance policies is the trend in energy sector'

Rising inequality in China

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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