The Telegraph - Calcutta : Business

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| Wednesday, May 25, 2005 |

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Mega steel merger in the works

It is likely to be India’s steel merger of the decade. Steel Authority of India Ltd (SAIL) and Vizag Steel may be merged to create an entity that will immediately place the new Indian steel-making giant among the world’s top 10 in terms of ... | Read..

Infy trio makes a killing in second ADS offer

Make way Richie Rich, here come the big three. The three founders of Infosys Technologies are laughing all the way to the ba ... | Read..

FM reality check on inflation

The government will work to contain inflation and keep interest rates benign, finance minister P. Chidambaram said at the an ... | Read..

IOC stares steep loss in the face

Indian Oil Corporation is headed for a net loss of Rs 600 crore during the first quarter of the current financial year given ... | Read..

Xerox to fully own local outfit

Xerox Corporation today said it will increase its shareholdings in Xerox India Ltd to 100 per cent from 86 per cent at p ... | Read..

Fruits of labour: Ratan Tata with B'nai B'rith International president Joel S. Kaplan in New York. The Tata Sons chairman was presented the ... | Read

Sensex

6565.37

+25.54

Stock Indices

BSE-100	3529.01	(+16.45)
S&P CNX Nifty	2028.06	(+14.07)

Buffett powers ahead with PacifiCorp buy
Billionaire investor Warren Buffett has agreed to buy US electricity firm PacifiCorp for $9.4 bill.. | Read..

Bengal close to Haldia deal with Purnendu
The Bengal government is all set to transfer its shares in Haldia Petrochemicals to TCG chief Purne.. | Read..

Calcutta address for RPG Retail

The RP Goenka group has decided to shift the headquarters of RPG Retail from Chennai to Calcutt.. | Read..

Steel prices to rule firm

International steel prices will remain firm over the next few years, says Associated Chambers o.. | Read..

Govt to add sparkle to diamond trade

The government is working to set up an international diamond centre, Union minister of commerce.. | Read..

FDI to be encouraged

The government will encourage foreign direct investment (FDI) and joint ventures in diamond exp.. | Read..

Aiyar puts Iran gas import on fast track

Petroleum minister Mani Shankar Aiyar today held talks with senior officials of the National Ir.. | Read..

Lankan cargo major drops anchor

Cargoplan International, the Indian arm of Sri Lanka’s largest ocean freight forwarder, Fr.. | Read..

India on global drug supply chain map

India is emerging as an integral part of the global supply chain for pharmaceuticals, says a re.. | Read..

Chance to dine with Hollywood stars

Planet Hollywood, famous for providing dine-in experiences with the world’s best known filmsta.. | Read..

AROUND THE GLOBE

Vodafone unveils share buyback plan

Cellphone giant Vodafone Group plc announced a ?4.5-billion ($8.23 billion) share buyback and doubl.. | Read..

EMI earnings dip 13%

EMI Group, a leading music company, today said its full-year adjusted pretax profit fell more than .. | Read..

Daimler plans facility in Russia

German-American carmaker DaimlerChrysler plans to start assembling Mercedes Benz models in Russia t.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Asahi declares 1:1 bonus

Share Prices

Name	BSE	NSE
HLL	129.15 (+1.03)	129.03 (+1.45)
ITC	1501.04 (+8.85)	1502.55 (+10.07)
Infosys	2157.00 (+21.55)	2155.05 (+20.95)
Reliance	530.45 (-0.65)	531.00 (-0.15)
Wipro	682.01 (+14.25)	682.45 (+16.05)
Zee	144.55 (-5.04)	144.09 (-5.02)

Foreign Exchange

US $1 : Rs 43.51	UK £1 : Rs 79.73
Euro : Rs 54.81	Yen 100 : Rs 40.54
HK $1 : Rs 5.55	SW Fr1 : Rs 34.85
Sing $1 : Rs 25.75	Aus $1 : Rs 32.55

Bullion

Bombay
Gold Std (10gm)	Rs. 6005
Gold 22 Carat	Rs. 5970
Silver bar (1kg)	Rs. 10630
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6065
Gold 22 Carat	Rs. 5725
Silver bar (1kg)	Rs. 10425
Silver Portion	Rs. 10525