The Telegraph - Calcutta : Business

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| Tuesday, February 08, 2005 |

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Bengal on verge of debt trap

Plan panel flashes warning signal even as it grants Rs 100 crore more in outlay

Faced with what the Planning Commission is calling a ?debt trap?, Bengal chief minister Buddhadeb Bhattacharjee today joined his finance minister in pleading for greater central largesse from Prime Minister Manmohan Singh. ... | Read..

Govt raises growth forecast to 6.9%

Ahead of the second round of assembly polls, the government today said it expects economic growth to be around 6.9 per cent ... | Read..

Sellers? day out in the market

The government?s forecast of a 6.9 per cent growth for this financial year appeared lost on the markets, where the sensex sn ... | Read..

Directory refusal ruse for cell firms

Cellular operators say they support the idea of stopping the practice of cold-calling that telemarketers use to foist produc ... | Read..

Trai ties up proposals on spectrum allocation

The Telecom Regulatory Authority of India (Trai) has finalised the recommendations on allocation of spectrum and is schedule ... | Read..

Bengal on verge of debt trap

Sensex

6535.17

-83.06

Stock Indices

BSE-100	3529.61	(-37.27)
S&P CNX Nifty	2055.01	(-22.85)

Boeing bids for 50 aircraft
US aircraft maker Boeing Corp has bid to sell 50 medium and long-range aircraft to Air-India and ho.. | Read..

Airbus wants local airlines to try A380
Airbus, which has bagged the mega-Indian Airlines contract to sell 43 aircraft valued at over R.. | Read..

ModiLuft buys return ticket

Royal Airways, a reincarnation of failed airline ModiLuft, is coming back under a new brand name Sp.. | Read..

Two-fold rise in tea imports

Imports of tea and coffee have more than doubled during the first eight months of the current fisca.. | Read..

Gokaldas to join new issue bandwagon

Gokaldas Exports Ltd is planning an initial public offering (IPO) to part-finance its modernisa.. | Read..

DSP net at Rs 475cr

Durgapur Steel Plant has posted a net profit of Rs 475 crore in the first nine months of the cu.. | Read..

Kajaria to hike capacity

Kajaria Ceramics Limited (KCL) plans to invest Rs 240 crore in the next four years to double i.. | Read..

Oil majors pulled up over clean-fuel delay

The petroleum ministry has pulled up public sector oil companies for expressing their inability.. | Read..

Finance firms seek level-playing field

The Finance Industry Development Council (FIDC) has submitted a pre-budget memorandum to the Un.. | Read..

HDFC Bank, Nafed in pact on farm loan

HDFC Bank and the National Agricultural Co-operative Marketing Federation (Nafed) have signed a.. | Read..

SBI to pay $8 m for Mauritius bank

State Bank of India (SBI) will pay close to $8 million to buy a 51 per cent stake in the Indian.. | Read..

Strides tightens grip on Latam venture

Strides Arcolab has consolidated its Latin American operations by acquiring an additional 12.5 .. | Read..

SA eyes big business

The 16th biennial International Engineering and Technology Fair (IETF) will focus on sectors li.. | Read..

Dr Reddy?s starts trials for new drug

Dr Reddy?s Laboratories (DRL) has initiated the first phase of clinical trials for its cardiova.. | Read..

AROUND THE GLOBE

China mulls yuan reform

China?s yuan is not substantially undervalued given the country?s balance of payments, but it will .. | Read..

Insider stock gains limited in long run

Companies, which recruit investment bankers to serve on their boards, may not be doing their chief .. | Read..

Mobile majors focus on 3G

US wireless companies are investing billions of dollars in networks that deliver video and music to.. | Read..

Warm US weather pulls down oil prices

Oil prices fell today on expectations of warmer weather in the north-eastern United States, as trad.. | Read..

STOCK MARKET

Share Prices

Name	BSE	NSE
HLL	162.15 (-3.06)	162.01 (-3.08)
ITC	1331.35 (-9.08)	1332.02 (-9.06)
Infosys	2029.03 (-51.04)	2029.95 (-55.45)
Reliance	530.15 (-6.02)	530.35 (-6.08)
Wipro	687.55 (-15.09)	688.04 (-14.75)
Zee	151.25 (-2.04)	151.55 (-2.05)

Foreign Exchange

US $1 : Rs 43.51	UK £1 : Rs 81.32
Euro : Rs 55.91	Yen 100 : Rs 41.62
HK $1 : Rs 5.05	Sing $1 : Rs 26.15
SW Fr1 : Rs 35.35	Aus $1 : Rs 33.02

Bullion

Bombay
Gold Std (10gm)	Rs. 6005
Gold 22 Carat	Rs. 5965
Silver bar (1kg)	Rs. 10275
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6065
Gold 22 Carat	Rs. 5725
Silver bar (1kg)	Rs. 10050
Silver Portion	Rs. 10150