Financial Daily from THE HINDU group of publications
Thursday, August 18, 2005
Markets (August 17)
BL 2502441.62 (+34.37)
BSE Sensex7859.53 (+91.29)
S&P CNX Nifty2403.15 (+33.35)
US Dollar (Buy/Sell)43.49/43.62
Gold Std (10 gm)6325 (+40)

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To provide cushion for under-recoveries — Standalone refineries may be merged with oil marketing cos
THE Ministry of Petroleum & Natural Gas is weighing the option of merging pure refining companies with oil marketing companies (OMCs) to enable the latter to cushion the impact of high global crude oil prices on their bottomline. Due to the ... More

FIIs send markets on a bull run; Sensex gains 91 points
WHEN foreign institutional investors are in full flow, nothing, it seems, will come in the way of the bulls. In what has over the last two months become a mundane development, the markets witnessed yet another record-breaking day on Wednesday, ... More

SoftBank arm buys 14 pc stake in VisualSoft for Rs 35.5 crore
SAIF II Mauritius Company Ltd, an arm of SoftBank, has acquired 27,96,596 shares of VisualSoft Technologies Ltd at Rs 127 per share, amounting to 14 per cent of paid-up equity capital through a private arrangement. The acquisition, valued at Rs ... More

BCCI bars bidding via consortium
IN an attempt to keep only specialised sports broadcasters in the fray for the four-year cricket telecast rights starting from October 2005, the Board of Control for Cricket in India (BCCI) has now specified that it would not entertain any bid ... More

Rail passengers may have to wait four months to get new benefits
CUSTOMERS would have to wait for at least four months before they can avail themselves of the recently announced benefits of the Indian Railways including free upgradation of waitlisted passengers to higher classes, among others. The Centre ... More

Textile exports showing positive growth
EVEN as the controversy over the discrepancy in export data of textiles and clothing from India and those of the importing major developed countries such as the US and the European Union (EU) is raging, the Textile Ministry appears to be unfazed ... More



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