Financial Daily from THE HINDU group of publications
Thursday, February 16, 2006
Commodities ( Feb 15 at close)
Gold (per gram) Rs738
Silver (per gram) Rs15.00
Brent crude (per bbl) Rs2548
Markets (Feb 15)
BSE Sensex10113.18(+26.55)
S&P CNX Nifty3022.20 (+4.65)
US Dollar (Buy/Sell)44.21/44.34



Group Sites


14 cos bid for container services — Reliance Infrastructure, Adani, CWC, P&O among contenders
WITH industry heavyweights such as Reliance Infrastructure, Central Warehousing Corporation (CWC), Adani Logistics and some prominent multinationals taking the plunge, the rail container operations space is hotting up in the country. So far, only ... More

DoT permits cell operators to offer Internet services
THE Department of Telecom has allowed mobile operators to provide Internet services, including the lucrative Internet Protocol (IP) based Virtual Private Network (IP-VPN), without any additional fee. The services until now were being offered ... More

MRPL board recommends Rs 12,800 cr investment plan
THE Mangalore Refinery and Petrochemicals Ltd (MRPL) board that met here on Wednesday has recommended to Oil and Natural Gas Corporation a capital expenditure plan of Rs 12,800 crore for its integrated refinery upgrade project. The project, to ... More

Profit from sale of investments may soon be tax-free for general insurers
General insurance companies are keen to benefit from the amendments in the Budget of 2004-05 which provided that long-term capital gains from sale of equity shares (where securities transaction tax has been charged) would be tax-exempt from assessmen t year 2005-06. More

HLL to continue investing on brands
SOME YEARS ago, Hindustan Lever Ltd (HLL) spoke of growth engines as its main focus. At that time it achieved double-digit topline growth. Today the company has returned to similar growth rates, but its focus is on cost reductions, maintaining ... More

Innovate to grow faster: Ramadorai
WHILE India can grow its offshore IT and BPO industry by 25 per cent annually to reach revenues of $60 billion by 2010, another $15 billion to $20 billion can be added through deep innovation, driven by industry participation. The new mantra ... More

ITES-BPO exports may touch $6 b this fiscal
INDIAN ITES-BPO exports are estimated to grow to $6.3 billion by the end of fiscal 2005-2006. Exports from the sector had grown 48 per cent in 2004-2005, to $4.6 billion, up from $3.1 billion the year before, according to an analysis done by ... More

Reliance rolls out food outlets to fuel petrol sales on highways — Signs pact with US hospitality service provider
DOES having a fast food counter and other related sorties at a petrol pump help the volume of fuel sold go up a notch or two... or, is it a case of the food shop getting more customers than it would otherwise? Surely, it must a case for the cash ... More

HLL performance helps boost FCMG funds
THE Hindustan Lever stock, which is powering ahead on the exchanges on the back of its quarterly performance, has energised the equity funds that have it in their portfolios. The stock, which ended nearly 12 per cent higher at about Rs 236 on ... More

`Textile exports to US, EU show big growth'
THE country's textile exports in the non-quota regime, effective from January 1, 2005, has registered a phenomenal growth in market share in the US and European Union. This was stated by Mr Shankarsinh Vaghela, Union Textile Minister, who was ... More

No barcode, don't supply, say top retailers
FROM July 1 this year, billing at the cash counters of the country's top retailers is expected to be faster and smoother. A clutch of prominent retailers, from FoodWorld, Spencers and Nilgiris to Pantaloon and Piramyd, has signed an agreement to ... More

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