The Telegraph - Calcutta : Business

| Wednesday, December 17, 2003 |

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Govt to raise FDI limit in banks

The BJP -led government today said it has decided in principle to increase the foreign direct investment limit in banks to allow foreign banks to set up subsidiaries here. ... | Read..

Stocks vault on signs of higher cap

Shares of private banks were in the spotlight today, pushing up the BSE sensex past the 5400-mark along with those of pharma ... | Read..

Ricoh open offer for Gestetner

Ricoh Co Ltd, the Japanese office documentation major, has announced an open offer to buy a 24 per cent additional stake i ... | Read..

Hind Petro to tap Reliance on pipeline sharing deal

Hindustan Petroleum Corporation Ltd (HPCL) is planning to invite Reliance Industries to share the proposed Mundra-Delhi pipe ... | Read..

Lehman back-office back home

Lehman Brothers Holdings has stopped using Indian workers for its internal computer help desk, in another sign of backlash a ... | Read..

GENERAL IN COMMAND: General Motors India has rolled out a 1.6-litre Chevrolet Optra as part of its strategy to double sales. The base version of the n ... | Read

Sensex

5437.05

+46.17

Stock Indices

BSE-100	2789.82	(+1.71)
S&P CNX Nifty	1736.25	(+12.03)
Calcutta	205.49	(+4.01)

RPG builds up big-ticket expansion kitty
The RPG group might raise Rs 2,000 crore to fund expansion over the next two years, vice-chairman S.. | Read..

S&P revises outlook on forex rating
Standard & Poor’s (S&P) today revised the outlook on India’s long-term foreign currency rat.. | Read..

Jet offers special fares on six sectors
Jet Airways, the private domestic airline, today offered special fares for passengers travelling po.. \| Read..

Competition law to be changed
The government today told the Supreme Court that it will make certain changes in the competitio.. \| Read..

Response mixed to oil sector strike
The day-long strike called by workers of public sector oil companies to protest against the gov.. \| Read..

Infrastructure key to infotech growth
Indian chief information officers (CIOs) would be mainly concerned with the issue of IT infrastruct.. \| Read..

Trade talk revival deadline missed
Members of the World Trade Organisation (WTO) missed a key deadline today to revive global trade ta.. \| Read..

AROUND THE GLOBE
Microsoft looks out of Windows for Longhorn
Microsoft Corp. said on Tuesday that it is reshuffling its Windows business and creating a new grou.. \| Read..

LIC arm lines up global float

Share Prices

Name	BSE	NSE
HLL	199.06 (+6.05)	199.09 (+7.05)
ITC	1032.00 (+37.35)	1031.95 (+37.02)
Infosys	5232.85 (+88.09)	5228.85 (+89.65)
Reliance	504.65 (+5.55)	504.08 (+5.08)
Wiori	1687.02 (+18.07)	1685.75 (+19.00)
Zee	144.00 (+0.06)	144.01 (+0.75)

Foreign Exchange

US $1 : Rs 45.54	UK £1 : Rs 79.58
Euro : Rs 56.23	Yen 100 : Rs 42.33
HK $1 : Rs 5.08	SW Fr1 : Rs 35.06
Sing $1 : Rs 26.03	Aus $1 : Rs 33.04

Bullion

Calcutta
Gold Std (10gm)	Rs. 6195
Gold 22 Carat	Rs. 5850
Silver bar (1kg)	Rs. 8825
Silver Portion	Rs. 8925
Bombay
Gold Std (10gm)	Rs. 6140
Gold 22 Carat	Rs. 6100
Silver bar (1kg)	Rs. 9055
Silver Portion	NA