Financial Daily from THE HINDU group of publications
Monday, May 22, 2006
Commodities (May 22 at close)
Gold (per gram) Rs896
Standard Gold (10 gram) Rs9,680
Silver (per gram) Rs20.05
Brent crude (per bbl) Rs3128
Markets (May 22)
BSE Sensex10481.77(-456.84)
S&P CNX Nifty3081.35)(-165.55)
US Dollar (Buy/Sell)45.60 (+0.01)

Cross Currency


Group Sites


FMCG majors scurry for cover
Line up for product liability, contaminated products insurance policies More

Actis to buy 14 pc stake in Phoenix Lamps
Private equity firm Actis is set to make its third investment in the auto components sector in India. The firm would be purchasing about 14 per cent stake in Phoenix Lamps Ltd, a manufacturer of halogen lamps for automobile and general lighting ... More

Tea Board mulls legal action against IBM, Accenture
Accuses companies of designing defective software for e-auction More

Expats too sing the retail desi tune
Mall management More

Market in no hurry to bounce back
Domestic players would find it difficult to recover financially in near term More

SBI gearing up to meet credit demand
Foresees stable interest rate with upward bias More

Ultra mega projects: Financing to be based on assignment of revenues
To allow for smooth implementation and limit possibility of payment defaults, say bankers More

Bonds plummet on large-scale exit by FIIs
Credit offtake on ascent, bankers resorting to increasing liabilities More

IT firms set to gain from exchange volatility
The exchange rate volatility is seen having a positive impact on the revenues of Indian IT services firms, which derive over 95 per cent of their revenues from the overseas markets. The rupee has declined by some five per cent versus the dollar ... More

HCL Info opens centre for remote support
HCL Infosystems on Wednesday announced the launch of its `Enterprise Response Centre' in Mumbai, to provide remote support solutions for key corporates. "This is a specialised remote monitoring and predictive support centre for ... More

Between bear hammering and taxman's missives
Another issue making top news is LTCG or long-term capital gains. The Left wants tax to be reinstated on such gains, while the FM has responded by saying there are no plans to re-introduce tax on LTCG. More

Churlish as the bear, slow as the elephant
Jogin was tossing a coin `to check' which way the markets would move on Monday. Sridevi was studying the details of Euronext-NYSE merger. Dakshinamoorthy was painting his old cycle `red'... Till Khan summoned them all for the weekly market ... More

Crude could be in ranges in short term
Prices may drop to $60-63 a barrel after stabilising around $65-66 More

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Top Stories
Rice procurement set to touch all-time high

Airport freight traffic soars

`Correction was triggered by technical and fundamental factors'

PC market grew 30 pc in 2005-06, says IDC report

Global imbalances and China's yuan policy

Further weakness likely in gold prices

House panel urges refineries to upgrade units

`N-Act needs amendment for private participation'

Tea Board sets 200-m kg export target for '06-07

MF investors largely ignore prospectus

Terminate handling charges

In Focus

Infrastructure woes stare IT sector
IPO Scams
FDI in retail sector
Dynamic Tirupur
Surging Sensex
Gold scaling new highs

In Depth

Bihar Diary
Orissa Diary
Gender Justice
Simple Economics
Tax Talk

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