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Frontpage > Business
FDI’s better when it’s a torrent
Panel wants higher caps in telecom, aviation, insurance and plantations
The steering group on foreign direct investment (FDI) has recommended full overseas ownership in petroleum, private banks and real estate, besides suggesting higher caps for telecom, civil aviation, insurance, small-scale units and plantations. ...  | Read.. 
 
Shackles off oil marketing
Even as petroleum minister Ram Naik slugs it out with disinvestment minister Arun Shourie over the privatisation of stat ...  | Read.. 
 
SBI readies fresh exit policy
Notwithstanding the overwhelming response to its voluntary retirement scheme a year-and-a-half ago, State Bank of India ...  | Read.. 
 
Cell operators to report tariff change in advance
The Telecom Regulatory Authority of India (Trai) today asked cellular mobile operators to report any change in tariff 10 ...  | Read.. 
 
Relaxation in forex regulations
The Reserve Bank of India (RBI) today announced multiple relaxations in foreign exchange norms when it allowed rationali ...  | Read.. 
 
FDI’s better when it’s a torrent
Sensex
3141.11
-40.36
 
Stock Indices
BSE-1001552.15(-21.46)
S&P CNX Nifty995.02(-13.04)
Calcutta112.25(-1.87)
GDR473.71(-2.71)
 
 
Selloff spasm sends stocks on the skids
Dalal Street was on the edge today, unsettled by worries about the fate of the government’s pla..  | Read.. 		 Mahajan reads the Riot Act to VSNL
Communications minister Pramod Mahajan today warned Videsh Sanchar Nigam (VSNL) that BSNL and M..  | Read.. 
 
SBI Life scheme for home loan customers of parent
SBI Life, a joint venture of the State Bank of India (SBI) and Cardiff SA today launched its fi..  | Read.. 
 
Witty Mahajan floors all
“You cannot climb a wall that is leaning against you, kiss a woman who is leaning away from you..  | Read.. 
 
Sony India targets 25% rise in income
Sony India Pvt Ltd — a 100 per cent subsidiary of Sony Corporation, Japan — aims to post a 25 per c..  | Read.. 
 
DSP to alter product mix
Durgapur Steel Plant (DSP), the ailing constituent of the Steel Authority of India Ltd (SAIL) h..  | Read.. 
 
Change in Skoda launch plan
Skoda India may bring in Octavia-Classic as their third offering in the country instead of the ..  | Read.. 
 
Globsyn GEMS set to sparkle
Globsyn Technologies (GTL) plans to extend its finishing school concept to the entertainment in..  | Read.. 
 
Affiance looks for local ally
US-based security and loss prevention solution provider Affiance Group LLC will outsource its h..  | Read.. 
 
Oil prices surge
Oil prices surged to their highest levels in a year on Friday on growing market fears of a US assau..  | Read.. 
 
AROUND THE GLOBE
Intel trims Q3 sales forecast
Intel Corp. on Thursday tightened its revenue forecast for the third quarter, pushing it slightly b..  | Read.. 
 
Hershey hearing on September 11
A Pennsylvania appellate court on Thursday scheduled a September 11 hearing for oral arguments in t..  | Read.. 
 
ABB chief executive quits
ABB said Thursday that its chief executive, Joergen Centerman, had resigned. The announcement c..  | Read.. 
 
CORPORATE BRIEFS More..
Infosys best IT employer
First Leasing
Bajaj Auto
DSP Merrill
Diners Club
Adidas deal
 
Taj checks in at Regent
Bank of Tokyo
Nalco ADR
UB venture
 
Share Prices
NameBSENSE
HLL179.95
(-7.07)		180.05
(-7.65)
ITC663.35
(-21.15)		662.45
(-22.03)
Infosys3534.15
(-41.04)		3532.25
(-49.05)
Reliance266.35
(+0.95)		265.67
(-0.28)
Wipro1211.08
(-27.45)		1211.35
(-33.04)
Zee102.55
(-1.08)		102.05
(-2.01)
Foreign Exchange
US $1 : Rs 48.59UK £1 : Rs 76.21
Euro : Rs 48.22Yen 100 : Rs 41.08
HK $1 : Rs 6.15SW Fr1 : Rs 32.06
Aus $1 : Rs 26.00Sing $1 : Rs 27.45
Bullion
Calcutta
Gold Std (10gm)Rs. 5340
Gold 22 CaratRs. 5040
Silver bar (1kg)Rs. 7775
Silver PortionRs. 7875
Bombay
Gold Std (10gm)Rs. 5240
Gold 22 CaratNA
Silver bar (1kg)Rs. 7860
Silver PortionNA
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