Financial Daily from THE HINDU group of publications
Thursday, May 04, 2006
Commodities (May 03 at close)
Gold (per gram) Rs920
Standard Gold (10 gram) Rs9,930
Silver (per gram) Rs23.40
Brent crude (per bbl) Rs3358
Markets (May 3)
BSE Sensex12310.72(+91.94)
S&P CNX Nifty3634.25 (+28.80)
US Dollar (Buy/Sell)44.92 (-0.10)


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Petro price hike likely by third week
No decision yet on quantum of increase More

Mahajan passes away
Mr Pramod Mahajan, BJP General Secretary and former Union Minister for Telecommunications, Information Technology and Parliamentary Affairs, succumbed to the bullet injuries he sustained on April 22. The 56-year-old `Generation Next' leader of ... More

ADB plans to double aid to India
The Asian Development Bank (ADB) has decided to more than double its financial assistance to India to over $2.6 billion by 2008 from the current level of around $1.3 billion, according to the ADB President, Mr Haruhiko Kuroda. The decision is ... More

Gujarat Ambuja to merge Ambuja Cement Eastern with itself
Swiss major Holcim's GACL stake set to increase to 24% More

Steel companies raise prices
To keep pace with rising HR prices globally More

Creditworthiness sliding, says Crisil
Led by the manufacturing, financial services and infrastructure sectors, Indian companies have begun to show a downward movement of creditworthiness, says Crisil Ratings. The modified credit ratio (MCR) of the rating agency has shown a sharp ... More

China drives world cotton trade
With world cotton production projected to exceed world consumption, albeit marginally in 2005-06 and next year, worldwide inventory would inevitably be drawn down; yet, overall, supplies are expected to be comfortable but prices relatively firm. ... More

T.S. Vijayan is LIC Chairman
Mr T.S. Vijayan, Managing Director, Life Insurance Corporation, has taken over as Chairman of the Corporation, effective May 3. At 53, Mr Vijayan is the youngest ever Chairman of LIC. Mr Vijayan began his career in LIC as a direct recruit ... More

MFs pick up mid & small-cap cos
Prudential ICICI, HDFC, HSBC Mutual seen in action More

Carbon crash: Fixed price contracts may cushion impact
European buyers withdrawing from CDM market on high volatility More

HCL, Dish TV in 5-year pact
H service provider will leverage HCL's distribution and service support reach More

CSC bullish on global infrastructure services
To hire 2,000 more across India delivery centres More

Guidelines on `when issued' gilts trading
The Reserve Bank of India has issued guidelines on trading in government securities on `When Issued' (WI) basis by select participants. `When Issued', a short form of `when as and if issued', indicates a conditional transaction in a security ... More

Heat wave abating over Peninsular India
North-East too experiences wet weather More


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