The Telegraph - Calcutta : Business

| Wednesday, June 01, 2005 |

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Cross-currents on board revamp

Irani panel at odds with market regulator on number of independent directors

The JJ Irani committee on revamping the company law has suggested that the number of independent directors on the boards of firms be pruned to a third of the total. This is at variance with the norms of Sebi, which insists in Clause 49 of the listin ... | Read..

Global giants in race for oil trophy

Twenty-seven foreign companies, including global majors British Petroleum, British Gas, Petrobras of Brazil, Petronas of Mal ... | Read..

Alstom, Infy in research pact

Alstom Power and Infosys Technologies are jointly setting up a research and development facility here at an investment of $3 ... | Read..

Petro price sums on PM table

Prime Minister Manmohan Singh is likely to discuss tomorrow the ticklish issue of raising oil prices in the wake of the soar ... | Read..

EIH profit rises 18% to Rs 33 cr

EIH Limited has posted a 17.6 per cent rise in net profit in 2004-05 at Rs 33.12 crore compared with Rs 28.17 crore in t ... | Read..

The JJ Irani committee on revamping the company law has suggested that the number of independent directors on the boards of firms be pruned to a third ... | Read

Sensex

6715.11

+51.56

Stock Indices

BSE-100	3601.73	(+30.88)
S&P CNX Nifty	2087.55	(+15.15)

Borders blur at Infocom
It started as a modest effort to familiarise information, communication and technology (ICT) player.. | Read..

Crude freight rates go scuba diving
Ocean freight rates for crude have slumped in the month of May, making it the steepest fall in rece.. | Read..

Utilities likely to get Dabhol power at Rs 2

Dabhol Power is likely to offer electricity at Rs 2 per unit to transmission companies once the pla.. | Read..

Andersen conviction spiked

The Supreme Court on Tuesday overturned the conviction of onetime accounting giant Arthur Andersen .. | Read..

NHPC charged up for new leap

National Hydroelectric Power Corporation (NHPC) has set a target of Rs 800 crore net profit in .. | Read..

Overseas roaming on CDMA phones

CDMA subscribers will now be able to avail of international roaming facilities in countries off.. | Read..

Bottomlines bruised, oil PSUs carry the price-freeze burden

The bottomlines of the state-run oil marketing companies have eroded to a large extent in 2004-.. | Read..

More room for Kenilworth

The Calcutta-based Kenilworth hotel is eyeing non-metros for expansion. .. | Read..

Jindal Poly Films issue on June 9

Jindal Poly Films Ltd, part of the Rs 1500-crore B C Jindal group manufacturing flexible packag.. | Read..

Srei to help find port partner

The Orissa government has asked Srei Infrastructure Finance Limited to help find a strategic op.. | Read..

Buddha to hold Kulpi meet today

Officials of the central and Bengal governments, Calcutta Port Trust and Bengal Port Limited wi.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

German Remedies new drug

Share Prices

Name	BSE	NSE
HLL	143.15 (-1.35)	143.25 (-1.02)
ITC	1599.06 (+41.09)	1599.25 (+41.08)
Infosys	2250.07 (+23.05)	2250.45 (+22.45)
Reliance	535.25 (+8.06)	535.00 (+8.02)
Wipro	715.09 (+9.85)	715.75 (+8.03)
Zee	139.05 (+0.05)	139.02 (+0.35)

Foreign Exchange

US $1 : Rs 43.78	UK £1 : Rs 79.58
Euro : Rs 54.96	Yen 100 : Rs 40.44
HK $1 : Rs 5.55	SW Fr1 : Rs 34.06
Sing $1 : Rs 25.07	Aus $1 : Rs 32.05

Bullion

Bombay
Gold Std (10gm)	Rs. 5995
Gold 22 Carat	Rs. 5960
Silver bar (1kg)	Rs. 10770
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6075
Gold 22 Carat	Rs. 5735
Silver bar (1kg)	Rs. 10625
Silver Portion	Rs. 10725