The Telegraph - Calcutta : Business

| Saturday, May 22, 2004 |

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Since 1st March, 1999

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Guessing game on budget date

North Block will take between six and eight weeks to prepare a budget after a new government is sworn in. ... | Read..

Clamour for duty cut on oil imports

The ministry of petroleum and natural gas is banking on the finance ministry to reduce the customs and excise duties on crud ... | Read..

New govt to clear air on BPO tax rules

The finance ministry is likely to come up with a comprehensive rule for levying taxes on business process outsourcing (BPO) ... | Read..

Tata Power net profit drops 65%

Tata Power has reported a 65 per cent drop in net profit to Rs 54.35 crore for the fourth quarter ended March 31, 2004 compa ... | Read..

Pakistan bargains hard at tea party

Pakistan will import tea from India only if the prices are on a par with Kenyan tea. The Pakistan Tea Association (PTA) has ... | Read..

Swarup: Running against time

Sensex

4961.57

+29.46

Stock Indices

BSE-100	2638.11	(+10.09)
S&P CNX Nifty	1560.02	(+16.35)

Recovery after steep fall
Share prices seesawed today as investors anxiously watched for signals on government formation. .. | Read..

Indian Oil, Reliance to ink sourcing deal
Indian Oil Corporation (IOC) has agreed to source petroleum products from Reliance’s Jamnagar refin.. | Read..

Foreign funds see long-term promise

The country’s long-term growth prospects under a reformist Prime Minister outweigh any short-term s.. | Read..

Moody’s moots harsh steps

International rating agency Moody’s has indicated that it is unlikely to revise India’s rating, but.. | Read..

Bank of India logs higher profit in fourth quarter

Bank of India (BoI) has posted a 24 per cent rise in net profit at Rs 349.10 crore for the four.. | Read..

Indian Hotels net leaps 159%

Indian Hotels Company Ltd has posted a 158.67 per cent jump in consolidated net profit at Rs 72.. | Read..

State-run insurers unite to survive

The General Insurers Public Sector Association (Gipsa) today said its four members will co-ordinate.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Kinetic in pact with Italian firm

Inflation steady at 4.2%

Share Prices

Name	BSE	NSE
HLL	138.00 (+1.05)	137.85 (+1.00)
ITC	899.65 (+10.06)	897.03 (+9.05)
Infosys	4904.15 (-21.45)	4910.01 (-17.85)
Reliance	439.14 (-3.04)	439.05 (-3.07)
Wipro	1509.45 (+34.65)	1511.65 (+36.95)
Zee	118.35 (-4.15)	118.25 (+4.01)

Foreign Exchange

US $1 : Rs 45.29	UK £1 : Rs 81.09
Euro : Rs 54.52	Yen 100 : Rs 40.49
HK $1 : Rs 5.75	SW Fr1 : Rs 34.08
Sing $1 : Rs 26.05	Aus $1 : Rs 31.01

Bullion

Bombay
Gold Std (10gm)	Rs. 5745
Gold 22 Carat	Rs. 5700
Silver bar (1kg)	Rs. 9415
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 5810
Gold 22 Carat	Rs. 4585
Silver bar (1kg)	Rs. 9300
Silver Portion	Rs. 9400