Financial Daily from THE HINDU group of publications
Tuesday, February 21, 2006
Commodities ( Feb 20 at close)
Gold (per gram) Rs746
Silver (per gram) Rs15.40
Brent crude (per bbl) Rs2666
Markets (Feb 20)
BSE Sensex10079.30(+98.19)
S&P CNX Nifty3005.85 (+24.35)
US Dollar (Buy/Sell)44.32/44.45



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PM takes up Mittal's Arcelor bid with Chirac
French President says no future plan has been submitted

INDIA today took up at the highest level the controversial bid by steel tycoon Mr L.N. Mittal for acquiring the second largest global steel company Arcelor, with the Prime Minister, Dr Manmohan Singh, raising the issue with the visiting French ... More

No avian flu, no need for vaccine, says Venkateshwara Hatcheries chief
"DO not panic, do not inject yourselves with influenza or any other vaccine as you will show positive and then blame the chicken. You do not need any vaccine and there is no avian influenza in the country, and I appeal to the Government not to ... More

MNCs stepping up investments in India — Buoyant economy, growing domestic consumption
MNCs had been slowing down investment between 1996 and 2003 while the scenario began to change from 2003.
Analysts said that share prices of MNCs are being `re-rated'

Reliance Info, Communications to write off Rs 4,500 cr
RELIANCE Infocomm Ltd and Reliance Communications Ventures Ltd will together make write-offs and provisions of around Rs 4,500 crore, the boards of the two companies decided on Monday. These write-offs and provisions relate to the period prior ... More

VSNL employees seek allotment of 3 pc equity when Govt exits
THE Government may have to give an additional 3 per cent stake in Videsh Sanchar Nigam Ltd to the company employees before divesting the residual stake of 26 per cent. According to the agreement struck with the VSNL employees federation at the ... More

Bird flu fall-out — Hatcheries, hotel stocks decline; pharma cos gain
WEAK sentiment drove down the share prices of companies in hatcheries, food processing, and hospitality sectors on Monday following the reported incidents of bird flu. In contrast, the prices of Cipla, which is launching the generic version of ... More

Bird flu scare hits egg, broiler movement
CHICKEN farmers and poultry trade in the country, especially in the South, have begun to feel the after-effects of reports of bird flu in Maharashtra. There has been a drastic fall in offtake of chicken and eggs at retail outlets. Chicken farms ... More

Handset distribution business — HCL Info, Nokia in new 5-year deal
HCL Infosystems, the sole distributor of Nokia mobile phones in India, has entered into a revised agreement with Finland-based Nokia to split the distribution business. Under a new five-year agreement, both the companies will jointly ... More

Wipro buys US-based cMango for $20 m
CONTINUING with its `String of Pearls' acquisition strategy, Wipro Technologies added one more pearl on Monday by picking up the US-based privately-held cMango Inc, a technology infrastructure consulting firm, in an all-cash deal. As part of the ... More

Reliance offers LG handset for Rs 1,500
RELIANCE Infocomm has announced a new package offering a LG CDMA handset for as low Rs 1,500, bringing down the price by almost 40 per cent. The company has also brought down the price of the colour screen handset by 15 per cent to Rs 3,800. As ... More

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