Financial Daily from THE HINDU group of publications
Wednesday, January 11, 2006
Commodities (Jan 10 - at close)
Gold (per gram) Rs732
Silver (per gram) Rs14.70
Brent crude (per bbl) Rs2752
Markets (January 10)
BSE Sensex9445.30(-138.15)
S&P CNX Nifty2870.80 (-39.30)
US Dollar (Buy/Sell)44.25/44.38



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Reliance Q3 net drops 15 pc — `Caused by shutdown'
RELIANCE Industries Ltd (RIL) has reported a 15-per cent drop in net profit for the third quarter of 2005-06 at Rs 1,776 crore, down from Rs 2,091 crore in the year-ago period. The company attributed the slump in profits to a 45-day partial ... More

Sensex down 138 points
LOWER earnings expectations of Reliance Industries Ltd (RIL) and cautious approach by investors ahead of Infosys Technologies' third quarter results on Wednesday dragged the benchmark index BSE-30 by 138.15 points (1.14 per cent) on Tuesday. ... More

Food subsidy cut put on hold: Pawar
THE Government has decided to put on hold the recent Cabinet decision to cut the food subsidy bill by 30 per cent, following protests from the Left parties, DMK and a section of the Congress. The Union Minister for Agriculture, Food and Public ... More

No live telecast of Indo-Pak Test matches on DD; only highlights
THERE will be no live telecast of Indo-Pakistan cricket Tests on Doordarshan but only 90-minute highlights. This follows the inability expressed by Prasar Bharti in the Supreme Court on Tuesday to compensate the loss likely to be incurred by Ten ... More

MTNL to acquire stake in Chinese telecom co
Officials said the Chinese company was planning to offer services using the home-grown 3G technology, and has full-fledged telephony operations in four provinces. More

Kandla turns national capital for used clothes from West
URVASHIBEN pulls out a brand new sweatshirt from a heap of clothes at Ahmedabad's Kalupur area. The size fits Jignesh, her 18-year-old son. After some amount of haggling, the deal is settled at Rs 75. Urvashiben may not be aware of it, but she ... More

Chip maker launches India-designed Centrino product — We'll go the extra mile, Govt tells Intel
THE Government will go the extra mile if Intel Corp is ready to set up a semi-conductor manufacturing facility in India, according to the Union Minister for Telecommunications and Information Technology, Mr Dayanidhi Maran. Throughout the ... More

Renault-Nissan likely to source parts from India
A 20-member team is already in place at the Mahindra Renault offices, scouting for potential suppliers for the Logan. More

Oracle `relies on India team for innovation'
BULLISH on the growth prospects of the Indian market, Oracle Corporation plans to scale up its headcount in the country to 10,000 professionals from the current 8,600, while establishing direct presence in nine non-metro cities during the next ... More

`Retail investors concerned over volatility, manipulation'
STOCK price volatility, manipulation and corporate mismanagement are the biggest worries for retail investors, says a study. According to a study on "India Household Investors Survey" by Society for Capital Market Research and Development for ... More

Cold wave abates, shifts to East
A major highlight of this year's season is the striking absence of rain activity normally generated from western disturbances. The precipitation over northwest India and Himalayas is vital for replenishment of water resources as well as for agricultu ral purposes. More

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