The Telegraph - Calcutta : Business

| Thursday, May 26, 2005 |

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SAIL net zooms on price pick-up

Helped by buoyant steel prices, state-run Steel Authority of India Ltd today announced a three-and-a-half fold increase in gross profits at Rs 9,512 crore on a turnover of Rs 31,287 crore for 2004-05. ... | Read..

Coal mines abroad on acquisition radar

SAIL is keen on buying stakes in coal mines in Russia, Australia and Indonesia. ... | Read..

SBI lines up $600m flotation of bonds

State Bank of India (SBI) is planning to raise around $600 million in bonds to help finance its overseas expansion. The issu ... | Read..

NTPC eyes foreign coal mines

National Thermal Power Corporation (NTPC) is scouting for partners to acquire coal mines abroad. ... | Read..

Steel makers to take price call in June

The softening of global steel prices could soon lead to a correction in domestic rates. ... | Read..

Teamwork: Uco Bank has tied up with Western Union for an inbound money transfer service. It was announced at a function attended by (from left) Uco Ba ... | Read

Sensex

6597.06

+32.23

Stock Indices

BSE-100	3546.78	(+17.77)
S&P CNX Nifty	2043.85	(+15.25)

Tafe buys Eicher tractor unit
Eicher Motors will sell its tractors, engines and gears divisions at Manideep, Alwar and Parwanoo .. | Read..

Swift on a fast-track mission
Maruti Udyog today launched its premium compact hatchback ?the Swift ? at an aggressive price tag o.. | Read..

IOC sees rise in borrowings

Indian Oil Corporation (IOC) expects its market borrowing to shoot up by Rs 4,500 crore during .. | Read..

Mutuals fall for fixed maturity

Fixed maturity plans (FMPs) seem to be the mantra for mutual fund houses with almost 50 such sc.. | Read..

Krishna knits expansion

Krishna Knitwear Technology Ltd (KKTL), headed by Sanjay Kumar Tayal, has designed a Rs 600-cro.. | Read..

FIL serves all-seasons fruit drink

FIL Industries Ltd has launched TUK3, the all-seasons fruit drink with a unique combination of .. | Read..

Petrol fires plastic hope

Standard Chartered Bank will return 5 per cent of the total fuel bill in any petrol pump in the.. | Read..

Purchase policy offers a mixed bag

The government has favoured a three-year extension of the price preference policy for state-run ent.. | Read..

AROUND THE GLOBE

Fitch junks GM ratings

Fitch Ratings cut General Motors Corp’s debt ratings to junk status on Tuesday, dealing a sec.. | Read..

June-end deadline for rival Allied bid

Britain’s Takeover Panel has set a June 29 deadline for a consortium headed by Constellation B.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

OCL India dividend at 50%

Share Prices

Name	BSE	NSE
HLL	129.35 (+0.02)	129.45 (+0.15)
ITC	1514.95 (+13.55)	1516.00 (+13.45)
Infosys	2173.05 (+16.05)	2171.02 (+15.07)
Reliance	530.05 (+0.05)	530.65 (-0.35)
Wipro	686.55 (+4.45)	687.00 (+4.55)
Zee	140.00 (-4.55)	140.05 (-4.85)

Foreign Exchange

US $1 : Rs 43.54	UK £1 : Rs 79.52
Euro : Rs 54.69	Yen 100 : Rs 40.39
HK $1 : Rs 5.55	SW Fr1 : Rs 34.95
Sing $1 : Rs 25.75	Aus $1 : Rs 32.06

Bullion

Bombay
Gold Std (10gm)	Rs. 6005
Gold 22 Carat	Rs. 5970
Silver bar (1kg)	Rs. 10655
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6075
Gold 22 Carat	Rs. 5735
Silver bar (1kg)	Rs. 10525
Silver Portion	Rs. 10625