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Front Page > Business
IOC builds case for price hike
Rate freeze to burn Rs 2139-crore hole in oil major’s books
Indian Oil Corporation (IOC) has taken a hit of Rs 2,139 crore on its bottomline in the first quarter of the current fiscal and says it cannot “sustain its operations” unless the government takes some corrective measures on the oil front. ...  | Read.. 
 
Flextronics gets control of Hughes Soft
Flextronics, the US-based leading electronic manufacturing services company, has snapped up a 55 per cent stake in Hughes So ...  | Read.. 
 
Tata Chem net up 12%
Tata Chemicals has posted a 12.18 per cent rise in net profit at Rs 220.53 crore in 2003-04 against Rs 196.58 crore in the p ...  | Read.. 
 
ABN Amro eyes growth leap
ABN Amro Bank expects some of its businesses in India to grow more than 50 per cent this year. The bank also plans to in ...  | Read.. 
 
Duty plea for coastal ships
The shipping ministry has moved a proposal to waive the duty on spares procured by shipping companies for the repair of vess ...  | Read.. 
 
IOC builds case for price hike
Sensex
4962.63
+24.48
 
Stock Indices
BSE-1002634.28(+12.36)
S&P CNX Nifty1550.55(+8.00)
 
 
WNS steals a march over Wipro, Daksh
WNS has emerged as the leader among the business process outsourcing (BPO) companies followed ..  | Read.. 		 Coking coal crunch crimps steel output
A severe scarcity of coking coal has hit the domestic steel industry, resulting in a sharp drop in ..  | Read.. 
 
StanChart cuts stake in arm
Standard Chartered Bank India has more than halved its stake in Standard Chartered Mutual Fund, its..  | Read.. 
 
Sterlite seeks to buy Balco rump holding
Sterlite Industries has approached the government to acquire its 49 per cent residual stake in Balc..  | Read.. 
 
Shell infotech jobs on India’s way
Shell Oil Co is cutting 600 to 800 information technology jobs in the United States and offshoring ..  | Read.. 
 
PNB Housing Fin IPO next year
PNB Housing Finance Limited has kept its options open for an initial public offering (IPO) after Ma..  | Read.. 
 
Chola Mutual aims high
Chola Mutual Fund, which manages assets of Rs 1,150 crore, has decided to launch two schemes ev..  | Read.. 
 
Phone user count rises to 79.5 m
The number of telephone connections continued to grow in May with the total subscriber base put..  | Read.. 
 
AROUND THE GLOBE
Microsoft appeals against EU curbs
Microsoft Corp has appealed to EU courts against the European Commission’s decision to slap ..  | Read.. 
 
Intel comes under the scanner
The European Commission confirmed on Tuesday it had re-launched a long-running investigation into I..  | Read.. 
 
STOCK MARKET
Mutual Funds
CORPORATE BRIEFS
Travel card from IDBI Bank
Mercury sales
Canara Bank
Hitachi move
Dupont India
Netafim Israel
 
A-I tender for no-frills airline
Rupee hardens
MTNL plan
Dabur shares
Jet Airways
 
Share Prices
NameBSENSE
HLL134.95
(-1.08)		134.95
(-1.09)
ITC893.75
(+3.25)		893.95
(+4.15)
Infosys5182.55
(-19.25)		5177.95
(-29.45)
Reliance455.09
(+11.15)		455.25
(+10.45)
Wipro1494.75
(+9.55)		1495.35
(+9.85)
Zee141.02
(+5.05)		141.05
(+5.02)
Foreign Exchange
US $1 : Rs 45.03UK £1 : Rs 82.98
Euro : Rs 55.53Yen 100 : Rs 41.02
HK $1 : Rs 5.75SW Fr1 : Rs 35.85
Sing $1 : Rs 26.01Aus $1 : Rs 31.25
Bullion
Bombay
Gold Std (10gm)Rs. 5885
Gold 22 CaratRs. 5845
Silver bar (1kg)Rs. 9480
Silver PortionNA
Calcutta
Gold Std (10gm)Rs. 5990
Gold 22 CaratRs. 5655
Silver bar (1kg)Rs. 9300
Silver PortionRs. 9400
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