Financial Daily from THE HINDU group of publications
Wednesday, May 17, 2006
Commodities (May 16 at close)
Gold (per gram) Rs946
Standard Gold (10 gram) Rs10,220
Silver (per gram) Rs21.55
Brent crude (per bbl) Rs3170
Markets (May 16)
BSE Sensex11873.73(+51.53)
S&P CNX Nifty3523.30(+20.35)
US Dollar (Buy/Sell)45.52 (+0.49)


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Markets bounce back in style
Sensex swings 575 points during the day; closes with a gain of 51 More

Just a correction, says Chidambaram
Terming the steep fall in the local stock market indices over the past few sessions as a "correction", the Finance Minister, Mr P Chidambaram, on Tuesday said that this trend primarily reflected the effect of global factors such as declining ... More

Govt targets 20,000 MW capacity this year
Target advanced for a number of projects that were to be originally commissioned beyond Tenth Plan More

Hindalco hikes aluminium prices by Rs 10,000 per tonne
Hindalco Industries Ltd has raised prices of aluminium by Rs 10,000 per tonne in a bid to keep pace with the overall upturn in the metal's prices on international markets. The company's primary metal price will now be Rs 1,45,800 per ... More

Parliamentary panel concerned over low sales growth of oil marketing cos
Concerned over the low growth in petroleum products sale by oil marketing companies and other marketing-related lacunae, a Parliamentary panel has asked the Government to constitute an expert team independent of the Ministry of Petroleum and ... More

Long-term iron ore deal with China likely
Plans to renegotiate fresh deal with Japan More

Pvt airlines capture 75 pc market share
Private airlines continued their dominance in the domestic market, capturing a market share of more than 75 per cent in the domestic sector in March this year. The latest data compiled by the Airports Authority of India shows that more than 85 ... More

Banks raising funds via CDs with MFs
Most CD placements originate from private banks More

Infosys to invest big in training
Infosys Technologies has set aside Rs 1,600 crore to invest in training and infrastructure for the year, during which it plans to hire 25,000 employees and increase office space by 50 per cent. Infosys is creating 5.3 million square feet of ... More

MS readies for next anti-piracy drives
Online initiative from June More

Sugar stocks slip on fear of Govt intervention on pricing
The recent pull back in sugar stock prices has been attributed to an underlying uneasiness that after cement, the Government may be looking to intervene in the sugar industry. Shares of sugar companies — Balrampur Chini Mills Ltd and ... More


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