The Telegraph - Calcutta : Business

| Tuesday, February 22, 2005 |

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Lobbying wave lashes FDI floodgates

A lobbying war has broken out in the corridors of power in favour of, and against, unshackling foreign direct investments in key sectors like banking, construction, retail and media. The issue of relaxing laws on special economic zones is also at th ... | Read..

Ore exports to China in licence trap

A new import licence system that China plans to introduce next month could upset the apple cart of Indian iron-exporters, wh ... | Read..

PNB picks recast guide

The Boston Consulting Group will chalk out a restructuring plan for Punjab National Bank (PNB). ... | Read..

10-minute show in UTV flotation

The script wasn?t any different for this IPO. UTV Software Communications saw the shares it had put on the block grabbed wit ... | Read..

Patni board clears ADR issue

Patni Computer Systems will raise up to $150 million through American depository receipts. The money will be used to financ ... | Read..

Make Over Machine: GM Daewoo unevils the new Matiz in Seoul on Monday. The price of the vehicle, equipped with a 796 cc engine, is $6,500. (AP,PTI)

Sensex

6534.68

-49.64

Stock Indices

BSE-100	3520.84	(-30.23)
S&P CNX Nifty	2043.02	(-12.35)

Investors bet big on equity fund IPOs
The mutual fund industry collected Rs 4,627.48 crore from a slew of initial public offerings (I.. | Read..

Hitachi awareness drive to boost domestic sales
Hitachi Home & Life Solutions (India) Limited plans to expand the domestic operations to ca.. | Read..

MTNL pulls up socks to boot out merger move

Mahanagar Telephone Nigam Ltd is readying to ramp up its subscriber base and enhance the enterprise.. | Read..

Fitch caution note on fiscal profligacy

Just a week before the Union budget, global rating agency Fitch has warned against continued hi.. | Read..

Kerala memorandum to protect plantations

The Kerala government has sought the intervention of commerce minister Kamal Nath for the prote.. | Read..

Canon targets Rs 330 cr in revenues this year

Riding on the back of a 15 per cent growth, Canon India, a leader in imaging technologies, is proje.. | Read..

Pepsi ties up with Lever for iced tea

Pepsi today said that it would come out with Lipton iced tea, in partnership with Hindustan Lever L.. | Read..

Financial planners press for regulatory body

The Association of Financial Planners has approached the ministry of finance with a proposal to.. | Read..

AROUND THE GLOBE

Twin buyouts to fortify Novartis

Novartis AG became the world?s biggest copy-cat drugs maker by agreeing to buy unlisted German firm.. | Read..

Currency pressure mounts on China

Britain?s finance minister on Monday urged cooperation between the world?s rich nations and China .. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Subex to raise $1.5 m

Share Prices

Name	BSE	NSE
HLL	142.04 (-2.35)	142.65 (-2.01)
ITC	1264.65 (-17.95)	1264.01 (-15.95)
Infosys	2142.45 (-23.01)	2143.09 (-20.08)
Reliance	533.08 (-0.65)	534.05 (+0.03)
Wipro	679.25 (-11.65)	678.65 (-12.06)
Zee	149.45 (-0.65)	149.25 (-1.02)

Foreign Exchange

US $1 : Rs 43.83	UK £1 : Rs 83.16
Euro : Rs 57.26	Yen 100 : Rs 41.54
HK $1 : Rs 5.05	SW Fr1 : Rs 36.05
Sing $1 : Rs 26.25	Aus $1 : Rs 34.15