The Hindu Business Line : Tuesday, February 07, 2006

Market scales 10k tower — Sensex up 238 pts; Nifty gains 2 pc
AFTER a week spent testing the heights, the BSE Sensex finally crossed the 10,000-point mark on Monday before retreating to close in the more familiar terrain of 9,980.42 points, up 237.84 from the previous day's close. The new milestone, ... More

Sensex 100 & 10,000: A dramatic story
SENSEX 10,000 is obviously a far cry from Sensex 100 in terms of numbers. The most interesting aspect is, however, the changes in the basket of Sensex stocks (refer table 1). Stocks such as Asian Cables, Scindia Steamship, Bombay Burmah, Zenith ... More

The journey so far...
MONDAY invariably appears to have something special for the stock markets. Usually it is a steep fall earning the market the sobriquet, `Black Monday'. But this time around, Monday turned out to be positive for the market sentiment with the ... More

Stocks that missed the bus
MISSED the entire stock market rally from Sensex 5,000 to 10,000 because you were wary of valuations? Maybe you needn't despair; for there are still a large number of stocks that haven't kept up with the markets' furious pace over the past two ... More

`Only 24 pc RIL promoters' equity transferred to Anil Ambani group'
THE Anil Ambani group today said that 24 per cent of the promoters' equity in Reliance Industries Ltd (RIL) was transferred to the Anil Dhirubhai Ambani Group (ADAG) on Monday, against 37 per cent that it is supposed to get as per the demerger ... More

Bankers foresee tight liquidity in coming months — Seek measures in budget to tide over situation
"We need more liquidity to meet the increasing credit demand. Liquidity is not tight. But in the months of February and March we foresee that there would be further increase in credit demand. To meet this expanded credit demand, we need more resource s," the CMD of Punjab National Bank, Mr S.C. Gupta, said. More

No response to our offer yet: Nagarjuna Oil
WHEN contacted, the NFCL sources told Business Line, "We did offer a proposal to Chinese Petroleum for 26 per cent equity holding in Nagarjuna Oil Corporation Ltd (NOCL). However, we are yet to receive their response on it." In a recent ... More

GMR submits Rs 500-cr bank guarantee for Delhi airport modernisation
THE GMR group, which has been selected for the modernisation and restructuring programme of Delhi airport, today submitted a Rs 500-crore bank guarantee to the Government. "The bank guarantee is with the Government and shows the group's ... More

Fixed wireless telephony — SC asks Reliance Info to pay ADC
IN ANOTHER blow to Reliance Infocomm, the Supreme Court has asked the company to pay access deficit charge (ADC) to state-owned Bharat Sanchar Nigam Ltd for calls from its fixed wireless telephone (FWT) users. The apex court said that fixed ... More

Telekom Malaysia in talks for stake in Spice Telecom
B K Modi's Spicecorp (India) holds 51-per cent stake in Spice Tele. More

Phillips Carbon to shelve plan for power project — Net loss in two consecutive quarters
As the core activity was suffering, the management has decided to hold back the power project for the time being. More

Sponsoring sporting events — Govt plans to tighten norms for oil firms
The Ministry is of the view that the funds from the corporate social responsibility kitty should not be used for sponsoring large tournaments like one-day international cricket matches or football leagues. More

Fall in employment disturbing, says Planning Commission
THERE have been fears ever since the reforms were launched in 1991. But these have always been countered by the argument that the dramatic increase in growth would more than make up for the displacement of labour. The general consensus was that ... More