The Telegraph - Calcutta : Business

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| Tuesday, February 01, 2005 |

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Sale-price smokescreen in tax tiff

The spat between the government and ITC over the excise tab of Rs 803 crore stems from a legal quibble over the definition of sale price, which forms the basis for the calculation of the duty. ... | Read..

Lawyers see contest scope

Legal eagles believe ITC can contest the presidential ordinance that has empowered the government to change excise laws ... | Read..

Safe on the bottomline

The ordinance to recover Rs 450 crore from ITC in the 17-year-old excise evasion case will have no immediate impact on the c ... | Read..

Pension payoff for markets

Two centuries on the trot and still going strong. The sensex raced past the 6500-mark today as excitement over the prosp ... | Read..

Tata Motors races ahead

Tata Motors has declared revenues of Rs 4364.94 crore for the quarter ended December 31, an increase of 28 per cent over ... | Read..

NEW TIES: Sanjay Budhia (second from right) of Patton International Limited signed a memorandum of understanding with EGS Electrical Group of USA in t ... | Read

Sensex

6555.94

+136.85

Stock Indices

BSE-100	3521.71	(+69.55)
S&P CNX Nifty	2057.06	(+49.03)

P&G feels input price pinch
Procter & Gamble (P&G) is reworking its pricing upwards in the detergent segment as raw.. | Read..

HDFC sets terms for rate rebates
HDFC is willing to finance construction at a concessional rate of interest if the builders sell.. | Read..

Cellular long calls cheaper from today

The STD and ISD calls for more than 3.73 crore mobile customers will cost less from tomorrow, w.. | Read..

IDBI earnings jump 34%

Industrial Development Bank of India Ltd (IDBI Ltd) has posted a 34 per cent rise in net profit.. | Read..

Subsidy burden hurts Indian Oil

The burgeoning LPG and kerosene subsidy burden has pulled down the net profit of Indian Oil Cor.. | Read..

ONGC doubles net profit

Riding on the back of soaring crude prices, ONGC has more than doubled its net profit to Rs 3,4.. | Read..

Media demerger on Hinduja TMT menu

Hindjua TMT plans to demerge its media business into a separate listed entity... | Read..

Bharti buys Max V-sat business

Bharti Infotel, a subsidiary of Bharti Tele-Ventures Ltd, today acquired C Max Infocom and its .. | Read..

Jindals reap steel merger gains

Jindal Vijaynagar Steel Ltd (JVSL), following the merger of Jindal Iron and Steel Company (Jisc.. | Read..

Birla Corp claws back into the black

Birla Corporation has posted a net profit of Rs 5.95 crore in the third quarter ended December .. | Read..

HDFC mulls pension entity

HDFC will consider floating a separate pension organisation after the sector opens up... | Read..

AROUND THE GLOBE

SBC set to snap up AT&T

SBC Communications Inc said on Monday it will buy AT&T Corp for about $16 billion, aiming to bo.. | Read..

Crude price below $47 a barrel

Oil prices tumbled below $47 on Monday after the Organization of the Petroleum Exporting Countries .. | Read..

STOCK MARKET

Mutual Funds

Growth figures revised

Share Prices

Name	BSE	NSE
HLL	159.85 (+6.75)	159.08 (+6.65)
ITC	1361.85 (-38.08)	1361.05 (-37.08)
Infosys	2067.25 (+28.05)	2068.65 (+31.00)
Reliance	532.65 (+9.09)	532.03 (+10.05)
Wipro	704.55 (+4.06)	705.35 (+6.85)
Zee	154.95 (+6.00)	154.75 (+6.25)

Foreign Exchange

US $1 : Rs 43.72	UK £1 : Rs 82.03
Euro : Rs 56.08	Yen 100 : Rs 42.19
HK $1 : Rs 5.05	SW Fr1 : Rs 36.25
Sing $1 : Rs 26.02	Aus $1 : Rs 33.45

Bullion

Bombay
Gold Std (10gm)	Rs. 6165
Gold 22 Carat	Rs. 6125
Silver bar (1kg)	Rs. 10485
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6245
Gold 22 Carat	Rs. 5895
Silver bar (1kg)	Rs. 10225
Silver Portion	Rs. 10325