The Telegraph - Calcutta : Business

| Wednesday, November 03, 2004 |

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Options open on airline stake

Civil aviation minister Praful Patel today said the policy of forbidding foreign carriers from picking up stakes in local carriers could be reviewed once the domestic airlines are strong enough. ... | Read..

Plan to clip AAI wings

The high-powered Naresh Chandra Committee today recommended early privatisation of all airports and wanted air traffic contr ... | Read..

IOC mulls Ennore terminal

Indian Oil Corporation is toying with the idea of setting up a liquefied natural gas (LNG) import terminal at Ennore near Ch ... | Read..

IndusInd raises deposit rates

IndusInd Bank today raised short-term deposit rates by 10-25 basis points, the first to offer account-holders more after Res ... | Read..

Mediclaim cost of firms likely to go up

National Insurance Company will soon raise the premia for its corporate mediclaim (medical insurance) and personal accident ... | Read..

City stopper: Ford India flagged off the first Ford Fusion from its Maraimalai Nagar plant, about 40 kms from Chennai, on Tuesday. Fusion, which is th ... | Read

Sensex

5754.76

+50.66

Stock Indices

BSE-100	3075.28	(+27.46)
S&P CNX Nifty	1813.07	(+15.95)

VSNL in cheap broadband gamble
Videsh Sanchar Nigam (VSNL) today joined hands with Cisco Systems in a Rs 500-crore alliance that w.. | Read..

Oracle India chief puts in papers
In a sudden development, Shekhar Dasgupta today resigned as managing director of Oracle India ? thr.. | Read..

L&T bond float to raise $125 m

Larsen & Toubro Ltd (L&T) will raise $125 million in five-year foreign currency convertible .. | Read..

Bali named new chief of Britannia

Britannia Industries is set to get a chief executive officer. Vinita Bali will take over on January.. | Read..

AirTel looks east for expansion

The Bharti group plans an aggressive rollout of its cellular services in the East and the North.. | Read..

Oracle upgrades e-biz suite

Oracle today launched the latest version of its applications offering Oracle E-Business Suite 1.. | Read..

E-governance on fast track

Oracle India will replicate the e-governance centre of excellence initiative in Pakistan, Sri L.. | Read..

Banks rush to cut sticky loans

The treasury boom has petered out and the banks are now focusing on reducing gross non-performi.. | Read..

Kotak hikes share capital

Kotak Mahindra Old Mutual Life Insurance (Kotak Life Insurance) has increased its share capital.. | Read..

Calpers buys heavily on local bourses

The US-based California Public Employees? Retirement System, known as Calpers, has invested about $.. | Read..

America Online to shed 700 jobs

America Online, the world?s largest Internet service provider, is preparing to cut its workforce by.. | Read..

Draft to modernise railways ready

A Rs 46,000 -crore action plan to modernise Indian railways and create a dedicated corridor for.. | Read..

Nath proposes JVs in Bangla to boost trade

Commerce minister Kamal Nath has floated the idea of setting up Indian joint ventures in Bangla.. | Read..

Three-tier compensation for VAT-bound states

The Centre today agreed on a three-tier system of compensating states that suffer a revenue loss on.. | Read..

BPO exports to scale $14bn mark by 2007

India will generate $13.8 billion from BPO exports by 2007, a recent Gartner study indicated... | Read..

VSNL-Tyco deal to boost TCS

VSNL?s deal to acquire Tyco Global will benefit the other Tata group company, Tata Consultancy Serv.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Ma Foi revenue up 50%

Share Prices

Name	BSE	NSE
HLL	128.00 (-2.55)	127.09 (-2.07)
ITC	1125.00 (+39.01)	1125.05 (+39.45)
Infosys	1910.05 (-37.05)	1910.06 (-35.45)
Reliance	542.85 (+13.05)	543.04 (+13.55)
Wipro	660.01 (+5.06)	660.04 (+5.06)
Zee	148.35 (+2.05)	148.04 (+2.55)

Foreign Exchange

US $1 : Rs 45.05	UK £1 : Rs 83.39
Euro : Rs 57.79	Yen 100 : Rs 42.72
HK $1 : Rs 5.75	SW Fr1 : Rs 37.02
Sing $1 : Rs 26.75	Aus $1 : Rs 33.04

Bullion

Bombay
Gold Std (10gm)	Rs. 6430
Gold 22 Carat	Rs. 6395
Silver bar (1kg)	Rs. 11645
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6490
Gold 22 Carat	Rs. 6130
Silver bar (1kg)	Rs. 11350
Silver Portion	Rs. 11450