Financial Daily from THE HINDU group of publications
Monday, January 16, 2006
Commodities (Jan 13 - at close)
Gold (per gram) Rs732
Silver (per gram) Rs14.55
Brent crude (per bbl) Rs2751
Markets (January 13)
BSE Sensex9374.19 (-6.69)
S&P CNX Nifty2850.55 (-0.15)
US Dollar (Buy/Sell)44.30/44.33



Group Sites


PSBs not to hike home loan rates for now
PUBLIC sector banks appear to be in no hurry to hike home loan rates, despite the leader in housing loan market, HDFC, recently stating that it might raise its lending rates. PSU banks, which collectively command a huge share of the home loan ... More

`No hike in tax rates in Budget'
CORPORATES and personal income-tax payers can breathe easy. The Finance Minister, Mr P. Chidambaram, has held out an assurance that tax rates would not be hiked in the forthcoming Union Budget. ``I think the tax rates are reasonable... I am not ... More

Stock broking firms on expansion mode — Plan to increase network to lure more retail investors
Sensing the opportunity, public sector banks are also entering this segment. While IDBI Capital Markets, the broking arm of IDBI, is diversifying into retail broking business, another public sector major Bank of Baroda has announced plans to enter th e equity broking business. More

Mumbai Marathon: Corporates, charities make it to the finish
IT SEEMED almost surreal, with a light golden moon still dominating the morning sky. A picturesque backdrop for the 30,000-odd people who put on their jogging shoes and got the Mumbai Marathon 2006 on the road, for the third year on a trot. `Me ... More

Trial production under way at Nokia's Chennai plant
ASK Mr Jukka Lehtela, Director - India Operations, Nokia India Pvt Ltd, when the company's plant at Sriperumbudur will begin production. He smiles. Pauses. Then swivels around in his chair, opens a drawer and takes out a gift-wrapped Nokia ... More

Infosys to invest Rs 50 cr more in Kerala centre
INFOSYS Technologies has expanded its operations in Kerala. It will invest Rs 50 crore in a 1,250-seater campus. The company was allotted 50 acres of land in the new Special Economic Zone in Thiruvananthapuram by the Kerala Government. `The ... More

We are not violating Copyright Act: ISPs
Music industry's charge refuted

THE Internet Service Providers Association of India (ISPAI) has refuted the Indian Music Industry's allegation that its members are `facilitating' unauthorised music downloads from various Web sites, saying that ISPs merely provided Net access as ... More

Sensex to be sensitive to Q3
FEAR of stretched valuations caught up with the market last week and liquidity flow suddenly went into a reverse gear on Thursday. It seems Dalal Street has finally opted for a short-term correction and consolidation mode. This is also perhaps ... More

Tax assessees can access e-ledger accounts from Feb 1
COME February 1, tax deductees would be able to access their electronic ledger accounts, maintained by the Income-Tax Department, through a password driven system. This access is likely to be made available for a one-time registration fee of ... More

Cold wave may return to North by weekend
THE cross-over and propagation of a western disturbance into Jammu and Kashmir and adjoining parts of northwest India have brought about warmer nights, a trend that is expected to hold until next Thursday. Under its influence, scattered to ... More

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