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Frontpage > Business
Selloff sputter sparks slide in petro stocks
The great Indian public sector divestment tale begins to turn stale as reform warriors let out the wail
Fretting about the selloff stumble, markets vented their spleen by giving shares of public sector undertakings (PSU) a drubbing that sent the Bombay Stock Exchange (BSE) sensex into a 51-point tailspin. ...  | Read.. 
 
Nalco may be next victim
After disinvestment minister Arun Shourie was hopelessly outnumbered at a round of meetings on the divestment issue whic ...  | Read.. 
 
Fiscal pressure mounts
The postponement of big ticket disinvestment plans has elevated fears that the country’s fiscal condition is set to dete ...  | Read.. 
 
Inter-ministry tiff delays power reform blueprint
The Deepak Parekh committee, hamstrung by differences between the power and finance ministries, has been unable to sugge ...  | Read.. 
 
Trai dials 10-point agenda to boost internet growth
Concerned about the insufficient growth of internet services in the country, the Telecom Regulatory Authority of India ( ...  | Read.. 
 
Selloff sputter sparks slide in petro stocks
Sensex
3089.47
-51.64
 
Stock Indices
BSE-1001536.63(-15.52)
S&P CNX Nifty998.55(+3.35)
Calcutta110.78(-1.47)
 
 
Bike biggies brace for bruising bout
Motor cycle manufacturers are bracing up for a bruising battle ahead, unleashing a price war in..  | Read.. 		 Hump on car makers’ path
Not many moons ago, car makers were gung-ho about the Indian market, drawing up grandiose expan..  | Read.. 
 
Shyam Telecom offers surf-as-you-talk service
Private telecom operator Shyam Telecom has taken the lead in implementing the CoreDect technolo..  | Read.. 
 
Corporation on the prowl for a good bank
Corporation Bank is on the lookout for a “good” acquisition...  | Read.. 
 
Jenson seeks debt recast
In a bid to reduce its interest burden, Jenson and Nicholson (India) Ltd has asked its lenders ..  | Read.. 
 
Task force on direct tax set up
The government today set up a task force on direct taxes for rationalising and simplifying proc..  | Read.. 
 
Auto majors plan tieup with oil firms
Leading car makers including Hyundai Motors India Ltd (HMIL) and Maruti Udyog Ltd (MUL) are in ..  | Read.. 
 
ITC to hike cigarette prices again
ITC Ltd is expected to increase the price of its key cigarette brands soon. Though the ITC mana..  | Read.. 
 
LEDs hold key to future of lighting
The lighting industry is moving towards products energy efficient products like laser emitting ..  | Read.. 
 
AROUND THE GLOBE
Slowdown virus attacks personal computer sales
Citing growing fears of the effect of a prolonged economic malaise, the market research firm In..  | Read.. 
 
Intel meet on tech upgrades
Intel Corp. kicks off a conference for hardware and software engineers on Monday in Silicon Valley..  | Read.. 
 
Salomon chief removed in Citigroup shakeup
Under scrutiny from regulators and Congress for its role in a series of financial scandals, Cit..  | Read.. 
 
The price of bare-all books
What price are investors prepared to pay to ensure corporate probity, accountability and the transp..  | Read.. 
 
Toyota mulls 5th unit in US
Toyota Motor is considering setting up a fifth assembly plant in north America if sales continue ..  | Read.. 
 
MARKET WATCH
Mutual Funds
CORPORATE BRIEFS
Duncans to focus on tea retail
Canara Bank
Toyota unit
Hero Honda
BPL move
TCS centre
 
Crude on the boil
Vysya board
Rakesh Mohan
GRL unit
Central projects
BSL offer
 
Share Prices
NameBSENSE
HLL180.15
(+0.02)		180.06
(+0.55)
ITC656.08
(-6.55)		656.95
(-5.05)
Infosys3604.01
(+69.95)		3602.15
(+69.09)
Reliance260.05
(-5.75)		260.95
(-4.72)
Wipro1428.95
(+217.15)		1437.75
(+226.04)
Zee103.00
(+0.45)		103.05
(+0.05)
Foreign Exchange
US $1 : Rs 48.05UK £1 : Rs 75.58
Euro : Rs 47.05Yen 100 : Rs 40.77
HK $1 : Rs 6.15SW Fr1 : Rs 32.25
Sing $1 : Rs 27.04Aus $1 : Rs 26.25
Bullion
Calcutta
Gold Std (10gm)Rs. 5425
Gold 22 CaratRs. 5120
Silver bar (1kg)Rs. 7825
Silver PortionRs. 7925
Bombay
Gold Std (10gm)Rs. 5310
Gold 22 CaratNA
Silver bar (1kg)Rs. 7885
Silver PortionNA
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