Financial Daily from THE HINDU group of publications
Thursday, February 09, 2006
Commodities ( Feb 08 at close)
Gold (per gram) Rs744
Silver (per gram) Rs15.05
Brent crude (per bbl) Rs2727
Markets (Feb 08)
BSE Sensex10044.82(-37.46)
S&P CNX Nifty3008.95 (-11.15)
US Dollar (Buy/Sell)44.23/44.36



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TRAI clearing the decks for cheaper long distance calls — Plans 4 per cent revenue share for ADC
IN a bid to pave the way for cheaper long distance calls, the Telecom Regulatory Authority of India (TRAI) is working out the details of the revised Access Deficit Charge and Interconnect Usage Charge, which include allowing access providers the ... More

Indirect tax collections up 16.2 pc in April-Jan
BUOYANT tax collections and a better-than-expected economic growth forecast by the Central Statistical Organisation (CSO) may help the Finance Minister, Mr P. Chidambaram, in meeting the revenue and fiscal deficit targets set out in the Union ... More

Reliance Comm to get listed by March 10 — Other ADAG listing schedules in February
RELIANCE Communication Ventures Ltd will get listed on the bourses by March 10, according to the Reliance-Anil Dhirubhai Ambani Group (ADAG) release on Wednesday. Two of the other three demerged companies whose control passed hands to the ADAG ... More

Upgradation only for confirmed tickets: Railways
Indian Railways today clarified that in its passenger upgradation scheme, the upgraded seats would be allotted to those passengers who have confirmed tickets. The seats of the confirmed passengers in a particular train, who have been upgraded ... More

Taking phishing seriously — HDFC Bank puts customers on alert
"It is our policy not to ask for passwords over the Internet. Internationally, banks have also posted such warning to their customers. It is a pre-emptive measure on our part," Mr Rahul Bhagat, Business Head-Direct Banking Channels, said. More

ICICI Bank to raise home loan rates by 50 bps
ICICI Bank plansto raise home loan rates by 50 basis points before the fiscal end. Interest rates on other retail loans such as auto are likely to be raised by 25-50 basis points, said Mr V. Vaidyanathan, Retail Head, ICICI Bank. Mr ... More

Bengal, Chatterjee Group yet to find common platform — Induction of IOC as an equity partner in Haldia Petrochemicals
It is learnt that a fresh set of dates - February 12 and 13 - has been finalised for another round of meeting. More

Century Textiles expanding cement biz
The cost of the grinding project has been pegged at Rs 220 crore. More

Tea stocks see revival of interest
THE tea sector, shunned by the stock market for long, seems to be finally brewing a hot cup, thanks to scrips that are rapidly gathering steam. While leading counters such as Tata Tea, Jayshree Tea, Williamson Tea Assam and McLeod Russel have ... More

`Foreign funding in IT, telecom set to double'
FOREIGN investment in the IT and telecom sector is expected to double in 2006, on the back of recent policy measures and the buoyant industry, Communications and IT Minister, Mr Dayanidhi Maran said on Wednesday. Mr Maran, who inaugurated the ... More

Tata Teleservices Maharashtra — `Cash profit in Q3 flows from new biz strategy'
TATA Teleservices Maharashtra Ltd (TTML), the listed subsidiary of Tata Teleservices Ltd, ended the third quarter of this fiscal with an EBIDTA of Rs 33.58 crore against an EBIDTA loss of Rs 51 crore in the year-ago period. Mr Charles ... More

India, Serbia sign double tax avoidance treaty
INDIA and Serbia & Montenegro have signed a double taxation avoidance convention (DTAC) to promote trade and investment between the two countries. The Convention provides for moderate rates of taxes on certain categories of income in line with . More

Weather promises to help raise wheat output
As on January 30, wheat coverage increased to 265.08 lh against 261.47 lh during the corresponding period a year ago. More

Vulture decline: Pressure builds to ban Diclofenac
The conservationists' plea to save the vulture has had some impact, with the Animal Husbandry Department "advising" State Governments not to purchase or stock the drug in their dispensaries. More

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