Financial Daily from THE HINDU group of publications
Saturday, February 18, 2006
Commodities ( Feb 17)
Gold (per gram) Rs738
Silver (per gram) Rs15.25
Brent crude (per bbl) Rs2608
Markets (Feb 17)
BSE Sensex9981.11(-143.19)
S&P CNX Nifty2981.50 (-40.10)
US Dollar (Buy/Sell)44.41/44.54



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Nimbus bags cricket rights for $612 m — BCCI sale and sponsorship earnings total Rs 3,354 crore
THE Board of Control for Cricket in India (BCCI) on Friday awarded global media rights to Nimbus Communications for all international and domestic cricket owned or controlled by BCCI to be played in India over the next four years. Nimbus ... More

Rangarajan panel for reduction in Customs duties on petrol, diesel — Report submitted to Petroleum Minister
OIL companies and consumers could breathe easy if the Rangarajan committee recommendations submitted today to the Petroleum Minister, Mr Murli Deora, are accepted. The committee, set up by the Government to make recommendations on the pricing ... More

Sensex down 143, slips below 10,000
STOCKS fell on Friday on profit booking and selling by foreign funds with the benchmark BSE Sensex closing below the 10,000-mark at 9981.11 points. The Sensex fell by 143.19 points (1.41 per cent), which is the biggest single day fall in over ... More

Cheaper edible oils keep inflation on leash
THE annual wholesale price index-based inflation rose 4.08 per cent during the week ended February 4, lower than the previous week's annual rise of 4.3 per cent. The dip in the year-on-year inflation rate was largely on account of a fall in ... More

India a priority zone, says Saint Gobain CEO
INDIA will be a "priority zone", in the next five years, for investments among emerging countries for the French multinational Saint-Gobain, which has interests in areas such as float glass, abrasives and construction materials. In India, ... More

Why IT majors fight shy of big ticket acquisitions — Panel discussions highlight challenges to Indian cos
THE track record of IT service organisations globally in successfully managing large acquisitions has been very poor, according to Mr Francisco D'Souza, Chief Operating Officer, Cognizant Technology Solutions. Responding to a question on the ... More

Govt should decide on ownership of stock exchanges: SEBI chief
ASSERTING that entities with "deep pockets" cannot be allowed to buy into stock exchanges in view of the latter's importance in the capital market, the SEBI Chairman, Mr M. Damodaran, on Friday said the Government would have to take a call on ... More

Panel clears Infosys' plan for 2nd campus in Bangalore
A HIGH-LEVEL committee headed by the Chief Minister, Mr H.D. Kumaraswamy, has cleared Infosys' proposal for setting up another campus in the city, according to Mr Shankarlinge Gowda, IT and BT Secretary. Infosyshad requested approximately 700 ... More

A plan to help farmers, improve soil — Centre to launch new crop diversification programme this year
IF things turn out as per the Union Agriculture Ministry's plans, then farmers, particularly in the North, who go in for rice-wheat cultivation can hope to get better returns. The Union Government is considering a new crop diversification ... More

`Armed' with IIM course, retirees march towards new careers
The highest salary for the outgoing batch stood at Rs 14 lakh per annum with the average being between Rs 5 lakh and Rs 6 lakh a year. More

'Bots', latest threat to home PC users!
In the movie I, Robot, the robotic character ViKi attempts to enable a large army of robots to control and dominate humanity. In the wired world, hackers are increasingly attempting to do the same thing with PCs through the collection of ... More

Quantum AMC bid to reach more investors
QUANTUM Asset Management Company Pvt Ltd, the new entrant in the domestic mutual fund segment, is adopting a `first of its sort' strategy for reaching out to investors in its new fund offer. The strategy, which is aimed at reducing ... More

Govt to list profitable CPSEs on domestic stock exchanges
REAFFIRIMING its decision to abide by the policy articulated in the National Common Minimum Programme, the Minister of State for Finance, Mr S.S. Palanimanickam, today told the Lok Sabha that the Government had decided, in principle, to list ... More

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