The Telegraph - Calcutta : Business

| Wednesday, November 05, 2003 |

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Bank selloff spadework begins

The government plans to divest 26 per cent of its shareholding in state-run banks and has directed the standing committee on finance to examine the proposal. ... | Read..

Stocks cruise along, FIIs stay on board

The sensex topped 5100 today, a day after it flew past 5000 points, but the mood was more circumspect and foreign funds less ... | Read..

Texmaco lines up 1:1 rights issue proposal

Texmaco would issue rights shares to its shareholders, the company informed stock exchanges today. ... | Read..

Gail national grid in five years

Gail (India) Ltd expects to complete its Rs 20,000-crore national gas grid project by 2008. The grid will comprise a nationw ... | Read..

Maruti to offer third exit scheme this month

Maruti Udyog today said 269 employees had opted for its second voluntary retirement scheme (VRS) that closed last month. Ano ... | Read..

Bank selloff spadework begins

Russians brew tea joint venture plans
Russian tea companies have evinced interest in joint ventures with Indian tea companies... | Read..

Roche comes back in Taksal Pharma phial
Roche Scientific Company (India) is making a foray independently in the country after sniping its 1.. | Read..

Basic operators withdraw appeal
Basic telecom operators led by Reliance Infocomm today withdrew their case in the Supreme Court aga.. \| Read..

Eicher net drops 23%
Commercial vehicles maker Eicher Motors has said that its net profit fell by 22.8 per cent for .. \| Read..

Chinese textiles hold the edge
India can compete against China when the world textile quota regime ends in 2005, but Chinese e.. \| Read..

Hero Honda may set up third plant
Hero Honda plans to set up its third manufacturing facility to meet rising demand. The company .. \| Read..

Foreign Exchange

US $1 : Rs 45.21	UK £1 : Rs 83.46
Euro : Rs 58.02	Yen 100 : Rs 42.55
HK $1 : Rs 5.75	SW Fr1 : Rs 37.04
Sing $1 : Rs 26.75	Aus $1 : Rs 33.85