The Telegraph - Calcutta : Business

| Tuesday, August 24, 2004 |

IN TODAY'S PAPER

	Front Page
	Nation
	Calcutta
	Bengal
	Opinion
	International
	Business
	Sport
	At Leisure

CITY NEWSLINES

ARCHIVES

Since 1st March, 1999

THE TELEGRAPH

-	About Us
-	Advertise
-	Feedback
-	Contact Us

Steel firms on cutting edge

SAIL, Essar, Ispat and Jindal today slashed steel prices by Rs 500-1,000 a tonne on all grades. ... | Read..

Margins seen under pressure

The reduction in prices is likely to hit the bottomlines of all steel firms, although the impact on those lacking vertically ... | Read..

Reductions drag down markets

Steel stocks tanked 2-8 per cent on the bourses today on fears that price cuts will hit their bottomlines. ... | Read..

Tisco prices frozen till March

As other steelmakers answered Ratan Tata’s weekend call to drop prices, Tata Steel went a step ahead to declare that it woul ... | Read..

Trai wings clipped on link-up rows

In a major setback to the Telecom Regulatory Authority of India (Trai), the Telecom Dispute Settlement and Appellate Tribuna ... | Read..

Steel firms on cutting edge

Sensex

5033.69

-30.97

Stock Indices

BSE-100	2688.28	(-20.95)
S&P CNX Nifty	1578.02	(-12.15)

Hindalco-Indal merger plan okayed
The boards of two Aditya Birla group companies — Hindalco and Indal — today approved a scheme of ar.. | Read..

S&P boosts forex rating outlook
Global rating agency Standard & Poor's (S&P) today revised its outlook on India's.. | Read..

Citigroup raises offer price for e-Serve

Citigroup has raised the offer price for e-Serve International Ltd, an IT-enabled services company,.. | Read..

Bosch revs up, to invest Rs 1000 cr

Motor Industries Co Ltd (MICO), the Indian arm of the Germany-based Bosch group, today said it .. | Read..

Crystal clear policy on bank merger

With the stage set for consolidation of the banking sector, the UPA government has asked the In.. | Read..

E-governance put on fast track

The parliamentary standing committee on information technology (IT) has asked the government t.. | Read..

More funds for rural phones

The department of telecommunications (DoT) should seek higher allocation for the Universal Serv.. | Read..

Clamour for cheap tea loans

The Tea Board has urged the government to float a special purpose vehicle for providing long-te.. | Read..

Drug firms eye growth in insulin market

Biocon, Eli Lily and Ranbaxy are eyeing the Rs 300-crore domestic insulin market for new produc.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Glenmark clinical trials

Share Prices

Name	BSE	NSE
HLL	110.35 (+3.03)	110.45 (+3.05)
ITC	1015.01 (-7.85)	1016.03 (-8.55)
Infosys	1559.06 (+12.55)	1559.55 (+12.75)
Reliance	451.02 (-12.01)	451.25 (-12.15)
Wipro	564.25 (+0.15)	564.25 (-0.25)
Zee	151.07 (+5.45)	151.06 (+5.03)

Foreign Exchange

US $1 : Rs 46.27	UK £1 : Rs 84.07
Euro : Rs 56.78	Yen 100 : Rs 42.22
HK $1 : Rs 5.09	SW Fr1 : Rs 36.04
Sing $1 : Rs 26.65	Aus $1 : Rs 33.00

Bullion

Bombay
Gold Std (10gm)	Rs. 6295
Gold 22 Carat	Rs. 6265
Silver bar (1kg)	Rs. 11035
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6320
Gold 22 Carat	Rs. 5965
Silver bar (1kg)	Rs. 10900
Silver Portion	Rs. 11000