The Telegraph - Calcutta : Business

| Thursday, January 22, 2004 |

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Selling storm blows away stock gains

A selling avalanche today buried markets under losses they have not seen since the 2001 March mayhem amid mounting fears of diminished FII presence. ... | Read..

Fitch upgrades forex rating

Fitch Ratings today upgraded India’s long-term foreign currency rating to BB+ from BB and affirmed the long-term local curre ... | Read..

Petro twins hit the skids

The stock prices of Oil and Natural Gas Corporation (ONGC) and Gail (India) Ltd have been clobbered again today just weeks b ... | Read..

Barista brews buyouts

Barista Coffee Company may follow the Starbucks model of buying out coffee chains to become the second largest chain after S ... | Read..

Core sector grows 5.9%

The infrastructure sector grew 5.9 per cent in December against a growth of 4.4 per cent in the year-ago period. ... | Read..

Electrolux Kelvinator managing director and CEO Rajeev Karwal in Calcutta on Wednesday. Picture by Kishor Roy Chowdhury

Sensex

5758.19

-163.92

Stock Indices

BSE-100	2962.79	(-146.14)
S&P CNX Nifty	1842.06	(-68.65)

Wipro profit up 19% at Rs 274 cr
Wipro has posted its highest-ever quarterly profit after tax at Rs 274.3 crore, a 19 per cent rise .. | Read..

Inflation puts ‘India Shining’ under shade
Finance minister Jaswant Singh today admitted that inflation had peaked at over 6 per cent, taking .. | Read..

Grasim net jumps 23% to Rs 164 crore

Grasim Industries Ltd has reported a 23 per cent rise in net profit to Rs 163.7 crore during the th.. | Read..

Patni Computers looks at brand boost through IPO

Patni Computer Systems, the sixth largest and one of the oldest infotech companies in the country, .. | Read..

Oil majors in Lanka quest

Four Asian oil majors, including Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleu.. | Read..

Ranbaxy on the prowl for firms in Europe

Ranbaxy is scouting for acquisitions in Europe... | Read..

ABB ready to help Essar Oil build refinery

ABB is ready to provide Rs 905 crore as bridge equity to Essar Oil, which is setting up a 12-mi.. | Read..

ITC in pact to offer cover for farmers

ITC today announced a tie-up with UK-based department for international development (DFID) to p.. | Read..

Merrill reports best-ever profits

Merrill Lynch & Company’s fourth-quarter profit more than doubled on a 17 per cent revenue grow.. | Read..

Electrolux eyes turnaround

Electrolux Kelvinator hopes to turn around by December next year following the success of its r.. | Read..

MARKET WATCH

Mutual Funds

Relief for exporters on cards

Share Prices

Name	BSE	NSE
HLL	200.15 (-3.04)	200.35 (-3.65)
ITC	1110.25 (-8.75)	1106.05 (-15.05)
Infosys	5370.04 (-21.25)	5396.00 (-14.55)
Reliance	551.04 (-21.00)	552.95 (-21.05)
Wipro	1650.03 (-63.95)	1656.09 (-60.95)
Zee	151.05 (-6.55)	151.05 (-6.09)

Foreign Exchange

US $1 : Rs 45.41	UK £1 : Rs 83.11
Euro : Rs 57.33	Yen 100 : Rs 42.49
HK $1 : Rs 5.75	SW Fr1 : Rs 35.85
Sing $1 : Rs 26.03	Aus $1 : Rs 34.04

Bullion

Bombay
Gold Std (10gm)	Rs. 6180
Gold 22 Carat	Rs. 6135
Silver bar (1kg)	Rs. 9680
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6290
Gold 22 Carat	Rs. 5940
Silver bar (1kg)	Rs. 9375
Silver Portion	Rs. 9475