The Telegraph - Calcutta : Business

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| Thursday, March 31, 2005 |

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End of the road for Ford-Mahindra ties

Mahindra & Mahindra and Ford India have sold the stakes they held in each other, ending speculation about the future of their relationship after the Indian auto major embraced Renault to roll out the French giant?s best-seller, Logan, in India. ... | Read..

HPCL enters Saudi fast lane

Hindustan Petroleum Corporation (HPCL) has made some headway in its efforts to acquire an equity stake in Saudi Aramco?s 20 ... | Read..

Escorts arm buys out Polish firm

Escorts Agri Machinery Inc, a wholly-owned subsidiary of Escorts Limited, has acquired a 100 per cent stake in Polish firm ... | Read..

Raymond boosts Italian JV

Raymond will step up investment in its joint venture with Italian textiles major Gruppo Zambaiti. ... | Read..

Reliance call rates under scanner

The telecom regulator has raised doubts about Reliance Infocomm?s low tariff rates in Calcutta, Bengal, Chennai, Tamil Nadu, ... | Read..

TRADE TONIC: Mozambique has listed areas where bilateral trade between the two countries can be expanded. Addressing a meeting organised by the Bengal ... | Read

Sensex

6381.04

+13.54

Stock Indices

BSE-100	3424.03	(+13.94)
S&P CNX Nifty	1993.07	(+9.85)

Basel norms to spur bank mergers
Fitch Ratings today said the Indian banking system is in the middle of a transition from being .. | Read..

Airline duo aboard friendship flight
Air Deccan and Vijay Mallya?s Kingfisher Airlines have agreed to refrain from poaching on one a.. | Read..

IDBI Homefinance raises variable rates

IDBI Homefinance, a wholly-owned subsidiary of IDBI Ltd, today announced a 25 basis point hike in i.. | Read..

Kanoria Chem in power pact

Kanoria Chemicals & Industries Ltd, one of the leading manufacturers of chemical intermedia.. | Read..

Pepsi word of wisdom for MPs

PepsiCo president and chief financial officer Indra Nooyi today met parliamentarians for a closed-d.. | Read..

Birlas in Jharkhand

The Jharkhand government and Hindalco Industries today signed a memorandum of understanding to set .. | Read..

Essar Oil charts retail plan for east

Essar Oil has made a foray into the east for retail transportation of fuel under the Essar bran.. | Read..

Orissa cell buzz gets louder

Telecom operators are gearing up to cash in on the Orissa mobile phone market... | Read..

Strides strikes deal with US firm

Strides Arcolab has inked a deal with a US hospital company under which it will develop, licens.. | Read..

Still some shine left in jute

The national jute policy, approved by the cabinet committee of economic affairs, has assured th.. | Read..

AROUND THE GLOBE

ABN Amro eyes Italian bank

ABN Amro has launched a 6.3-billion-euro ($8.15 billion) bid for an Italian bank a day after a simi.. | Read..

NCR boss to pick up Hewlett-Packard reins

Hewlett-Packard Co on Tuesday named NCR Corp chief executive Mark Hurd to lead the world?s No. 2 co.. | Read..

MCI embraces new Verizon offer

MCI Inc accepted a sweetened takeover offer of $7.6 billion from Verizon Communications Inc on Tues.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Unichem buys MP facility

Share Prices

Name	BSE	NSE
HLL	131.03 (-0.25)	131.25 (-0.00)
ITC	1280.75 (+5.00)	1281.08 (+6.07)
Infosys	2169.35 (+2.65)	2170.03 (+3.07)
Reliance	543.00 (-5.95)	543.15 (-6.00)
Wipro	630.02 (-11.07)	630.35 (-10.85)
Zee	135.35 (+2.85)	135.04 (+2.85)
i	1280.75 (+5.00)	1281.08 (+6.07)

Foreign Exchange

US $1 : Rs 43.81	UK £1 : Rs 82.42
Euro : Rs 56.76	Yen 100 : Rs 40.75
HK $1 : Rs 5.05	SW Fr1 : Rs 36.05
Sing $1 : Rs 26.00	Aus $1 : Rs 33.35