Financial Daily from THE HINDU group of publications
Tuesday, January 17, 2006
Commodities (Jan 13 - at close)
Gold (per gram) Rs732
Silver (per gram) Rs14.55
Brent crude (per bbl) Rs2751
Markets (January 16)
BSE Sensex9311.19 (-63.00)
S&P CNX Nifty2833.10 (-17.45)
US Dollar (Buy/Sell)44.16/44.29



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Nepal `tops' in garment exports to India
Even though certain value addition norms and safeguards have been incorporated in the India-Nepal Trade Treaty to prevent inflow of third-country products into India, the Government has been finding it difficult to enforce them. More

Retail lending rates may rise: Purwar
RETAIL lending rates, including housing loans, may rise in the short term because of the pressure on liquidity, said Mr A.K. Purwar, Chairman, State Bank of India. The pressure on liquidity is due to the recent redemption of India Millennium ... More

Bharat Forge Q3 net up 28 pc at Rs 53.27 cr
BHARAT Forge on Monday announced that its total income for the third quarter of the current fiscal stood at Rs 415.5 crorecompared to Rs 311.25 crore for the corresponding period last year, up 33.5 per cent. Its net profit stood at Rs 53.27 ... More

Exports in December up 16 pc; April-Dec trade deficit widens
Goaded by the sound performance of exports, the Commerce Minister is organising a meeting of exporters with the Prime Minister early next week to map out strategies and sort out the problems plaguing the exporters in particular. More

Mills wrangle for sugarcane in UP
"Our average procurement cost is Rs 116, which is less than the procurement price in other States,'' a private mill official said. More

TI to use new tech for auto components biz
A ready application for this technology is in making doorframes for cars, in which area TI is already the market leader. More

Reliance to pick up 25% equity in Yemen refinery
RELIANCE Industries Ltd will be picking up 25 per cent equity stake in a greenfield refinery in Yemen. Reliance is expected to invest $33.78 million (about Rs 149 crore) in the $450-million refinery project. According to sources close to the ... More

TCS sees shift towards health, life insurance — `There is more money being invested in IT than in any other branch of technology'
TATA Consultancy Services (TCS) reported a 5.57 per cent year-on-year increase in net profit for the third quarter of the current fiscal on a revenue growth of over 28 per cent. Soon after the announcement of the results Mr S. Ramadorai, CEO and ... More

Cos planning IPOs: `SEBI can crosscheck records of RoCs'
THE Ministry of Company Affairs has suggested to the capital market regulator Securities and Exchange Board of India (SEBI) that it could crosscheck the records of the companies wanting to float an initial public offer (IPO) with the Registrar of ... More

Women are investors only in name!
AN overwhelming 95 per cent of the women investors in equity markets only lend their names to open trading accounts with broking firms, but the investment decisions are taken by the male members of their families, says a survey conducted by ... More

Patni Computer plans campus in Hyderabad
PATNI Computer Systems Ltd has announced plans to set up a campus in Hyderabad that would see total investment of about Rs 500 crore and possible induction of about 10,000 people over the next few years. Speaking to Business Line, Mr ... More

TRAI issues paper on tariff plans with lifetime validity
It seeks views of stakeholders on the nature of the penalty on operators should they renege on the contract of lifetime offer. More

Break if you can
The Auto Expo 2006 in Delhi showcased a technological breakthrough - glass that could sustain accidents, vandalism, theft and even terrorist attacks. Though the live demonstration focused on car security, the XDS Glass Protection System is now ... More

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