The Telegraph - Calcutta : Business

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| Wednesday, February 23, 2005 |

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Markets toast bank liberty leap

Markets went cock-a-hoop today over the new policy giving banks a free run in acquiring peers, setting up arms and closing weak branches. ... | Read..

Mallya throws offer gauntlet

The bidding war for Shaw Wallace gets curiouser and curiouser. Vidya Chhabria, widow of the late Manu Chhabria, has been sta ... | Read..

ITC to double paper capacity in five years

ITC has embarked upon an ambitious expansion plan to double paper making capacity in the next five years. This could cost th ... | Read..

Clean fuel imports pumped up

Cleaner fuels will come at a high cost: $600 million a month. ... | Read..

ONGC teams up with Gazprom

ONGC has signed a memorandum of understanding with Russian gas major Gazprom for collaboration in oil and gas exploration, ... | Read..

Zooming ahead: Mahindra & Mahindra unveils a new version of the Scorpio with the Common Rail Diesel Engine (CRDe) technology in Mumbai on Tuesday. ... | Read

Sensex

6589.41

+54.73

Stock Indices

BSE-100	3550.88	(+30.04)
S&P CNX Nifty	2058.04	(+15.02)

GSK plans local vaccine unit
GlaxoSmithKline (GSK) will set up a vaccines facility at Nashik in Maharashtra. The cost of this fa.. | Read..

Green signal for fare freeze
First the good news: there will be no increase in passenger fares... | Read..

Fresh plan for Dunlop revival soon

A fresh revival package for ailing tyre company Dunlop India Ltd will be ready in four months. .. | Read..

CERC charts open-access tariff policy

The Central Electricity Regulatory Commission (CERC) has streamlined the procedure and pricing sche.. | Read..

Global Suzuki models head for local market

Suzuki Motor, which makes cars with Maruti in India, plans to develop two global models by 2007 as .. | Read..

UBI recast dossier to be ready by March

National Institute of Banking Management (NIBM) will submit a restructuring report on United Ba.. | Read..

Torrent signs research pact with Zeneca

The Ahmedabad-based Torrent Pharmaceuticals Ltd has signed a research collaboration agreement w.. | Read..

Broadband tariffs

AirTel Broadband and Telephone Services today announced new broadband tariffs for its residenti.. | Read..

Picture perfect: AirTel offers video

If all you could do was to go green with envy when your friend is showing off his video phone, .. | Read..

AROUND THE GLOBE

Heineken uncorks sales recast after profit drop

Heineken unveiled a new marketing drive and fresh cost cuts on Tuesday after 2004 net profit fell b.. | Read..

Nishida takes over as Toshiba president

Toshiba Corp on Tuesday named corporate executive vice-president Atsutoshi Nishida, who oversees i.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Tata Tea seeks sales nod

IA fare bonanza widened

Share Prices

Name	BSE	NSE
HLL	145.25 (+2.85)	145.45 (+2.08)
ITC	1284.45 (+19.08)	1283.07 (+19.06)
Infosys	2161.85 (+19.04)	2161.00 (+17.01)
Reliance	539.65 (+5.85)	539.55 (+5.05)
Wipro	683.03 (+4.05)	683.45 (+4.08)
Zee	150.02 (+0.75)	150.04 (+1.15)

Foreign Exchange

US $1 : Rs 43.75	UK £1 : Rs 83.58
Euro : Rs 57.72	Yen 100 : Rs 42.04
HK $1 : Rs 5.05	SW Fr1 : Rs 36.07
Sing $1 : Rs 26.03	Aus $1 : Rs 34.25

Bullion

Bombay
Gold Std (10gm)	Rs. 6245
Gold 22 Carat	Rs. 6210
Silver bar (1kg)	Rs. 11220
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6310
Gold 22 Carat	Rs. 5960
Silver bar (1kg)	Rs. 10850
Silver Portion	Rs. 10950