The Telegraph - Calcutta : Business

| Tuesday, May 17, 2005 |

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Full FDI in captive coal for steel, cement firms

The coal ministry has approved 100 per cent foreign direct investment (FDI) in the captive mines of cement and steel companies, up from 74 per cent now. ... | Read..

Govt gears up to get pension bill going

After making a valiant stab at banking sector reforms last week, the government is now gearing up to wrestle with the more c ... | Read..

More banks pick up stake in credit bureau

SBI and HDFC have sold a part of their stakes in Credit Information Bureau India Limited (Cibil) to a clutch of Indian and f ... | Read..

India Inc gets down syndrome

India Inc’s business confidence has been pooped: It’s down four points at 71.6 from 75.6 in the third quarter of 2 ... | Read..

Bongaigaon merger on IOC agenda

Indian Oil Corporation (IOC) is contemplating to merge profit making Bongaigaon refinery unit with itself. Bongaigaon Refine ... | Read..

Viresh Oberoi (left), managing director of MetalJunction, with P. C. Parakh, secretary in the ministry of coal & mines, in Calcutta on Monday. Picture by Kishor Roy Chowdhury

Sensex

6528.03

+76.49

Stock Indices

BSE-100	3504.79	(+36.86)
S&P CNX Nifty	2012.06	(+24.03)

Big push to Indian Oil retailing plan
Indian Oil Corporation (IOC) will invest over Rs 2,100 crore in its retail and LPG businesses this .. | Read..

Lower recovery hits margins
Indian Oil Corporation (IOC) has taken a hit of Rs 3,610 crore in the first two months of this fisc.. | Read..

System in place for better gas distribution

State-owned gas utility Gail (India) Ltd has implemented an innovative gas management system (GMS) .. | Read..

KRBL bets on plant upgrade for growth

KRBL Ltd expects an additional turnover of Rs 200 crore this fiscal from its upgraded rice-mill.. | Read..

Reliance Info to link more towns, villages

Reliance Infocomm plans to expand operations to 200 towns and 16,000 villages in Bengal by December.. | Read..

Citigroup offloads IVRCL stake

Citigroup Inc has reportedly sold its entire stake of 15.5 per cent in IVRCL Infrastructure and Pro.. | Read..

Cibil plans commercial bureau

Credit Information Bureau India Ltd (Cibil) plans to launch a commercial bureau, which will collate.. | Read..

Punjab Bank bid to become the best

Punjab National Bank (PNB) has chalked out a five-pronged strategy for improving its financial posi.. | Read..

AROUND THE GLOBE

More heads to roll at AIG

American International Group Inc, under pressure from regulators probing the insurance giant’s.. | Read..

High-end sales boost Nikon profit

Japanese camera and chip equipment maker Nikon Corp on Monday posted a surge in annual operating pr.. | Read..

Telefonica earnings up

Spanish telecom giant Telefonica has posted a 36 per cent rise in first-quarter net profit thanks .. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Emami dividend at 50%

Share Prices

Name	BSE	NSE
HLL	132.85 (+1.05)	132.65 (+1.05)
ITC	1487.09 (+8.45)	1487.25 (+7.02)
Infosys	2077.00 (+45.35)	2077.09 (+45.00)
Reliance	540.02 (+4.00)	540.25 (+4.00)
Wipro	659.02 (+23.15)	659.00 (+22.08)
Zee	153.75 (-3.75)	154.05 (-3.45)

Foreign Exchange

US $1 : Rs 43.05	UK £1 : Rs 80.03
Euro : Rs 54.89	Yen 100 : Rs 40.04
HK $1 : Rs 5.55	SW Fr1 : Rs 35.00
Sing $1 : Rs 25.65	Aus $1 : Rs 32.45

Bullion

Bombay
Gold Std (10gm)	Rs. 6025
Gold 22 Carat	Rs. 5985
Silver bar (1kg)	Rs. 10545
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6085
Gold 22 Carat	Rs. 5745
Silver bar (1kg)	Rs. 10300
Silver Portion	Rs. 10400