The Telegraph - Calcutta : Business

| Tuesday, June 22, 2004 |

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LIC stocks up, to pour Rs 9000 cr into shares

Life Insurance Corporation of India (LIC) will buy shares worth Rs 9,000 crore this fiscal, up from Rs 7,000 crore in 2003-04, as part of a plan to step up the volume of funds it shovels into the equity market. ... | Read..

Bank scrips in a funk on twin fears

Bank stocks had a bad day today. The farm loan package and the possibility of a rise in interest rates have created fresh wo ... | Read..

Tall export aim in new foreign trade policy

The government plans to announce a national foreign trade policy by July-end aimed at doubling the export target to $150 bil ... | Read..

CII hits new track with call for 5% rail cess

The Confederation of Indian Industry (CII) today proposed a 5 per cent cess on passengers to develop railway infrastructure ... | Read..

Grasim plans garment exports

Grasim Industries Ltd plans to diversify into 100 per cent export-oriented readymade garments in the current financial year. ... | Read..

LIC managing director R. N. Bhardwaj (right) with D. K. Mehrotra, zonal manager (eastern region), in Calcutta on Monday. Picture by Kishor Roy Chowdhury

Sensex

4738.62

-31.37

Stock Indices

BSE-100	2518.95	(-18.94)
S&P CNX Nifty	1482.00	(-9.02)

NTPC electrifies Centre’s divestment drill with IPO filing
National Thermal Power Corporation (NTPC) today filed a prospectus for an initial public offering (.. | Read..

Duty relief to powerlooms opposed
Large textile millowners have demanded the removal of excise duty exemptions granted to powerlo.. | Read..

Tema dials tax-cut number

The domestic telecom equipment manufacturers today demanded a level-playing field and urged the.. | Read..

AllBank targets sub 1% NPA by end-fiscal

Allahabad Bank hopes to do business worth Rs 61,000 crore and bring down its bad assets to belo.. | Read..

MindTree Consulting lists growth areas

MindTree Consulting Private Ltd will focus on the health, automobile, fast moving consumer good.. | Read..

Hughes Escorts plans retail service outlets

Hughes Escorts Communications Limited (HECL) will set up DirecWay Fusion outlets across the co.. | Read..

Big response to Grasim open offer

Financial institutions, including Life Insurance Corporation (LIC), UTI Mutual Fund and GIC and.. | Read..

Lever arm grows up to kids, directly

Hindustan Lever Network — the direct selling arm of the FMCG major —plans to enter the fast-growing.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Astron to hire 350 more

Exports surge 29% in May

Share Prices

Name	BSE	NSE
HLL	127.09 (+1.01)	128.15 (+1.35)
ITC	858.05 (-8.09)	858.35 (-8.55)
Infosys	5348.02 (+83.03)	5351.35 (+86.85)
Reliance	434.95 (-9.85)	434.05 (-10.25)
Wipro	1568.55 (+55.04)	1568.05 (+53.05)
Zee	127.08 (-4.45)	127.85 (-4.45)

Foreign Exchange

US $1 : Rs 45.95	UK £1 : Rs 84.03
Euro : Rs 55.55	Yen 100 : Rs 42.35
HK $1 : Rs 5.08	SW Fr1 : Rs 36.15
Sing $1 : Rs 26.05	Aus $1 : Rs 31.00

Bullion

Bombay
Gold Std (10gm)	Rs. 5925
Gold 22 Carat	Rs. 5890
Silver bar (1kg)	Rs. 9600
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6030
Gold 22 Carat	Rs. 5695
Silver bar (1kg)	Rs. 9525
Silver Portion	Rs. 9625