The Telegraph - Calcutta : Business

| Saturday, June 11, 2005 |

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More banks on merger wait

Centre signals easier rules to spur private sector consolidation

Private banks are now chanting the merger mantra. Even as the government is planning to merge state-run banks into mega-entities, their private-sector counterparts are mapping out their own takeover plans. ... | Read..

S&P alert on Reliance deal

Standard & Poor’s (S&P) believes the business and financial profile of Reliance Industries Limited (RIL) could ... | Read..

Tetley to melt into Tata Tea

Tata Tetley will merge with Tata Tea with effect from April 1, 2005. ... | Read..

Inflation at lowest point in two months

The rate of inflation declined to a two-month low of 5.20 per cent during the week ended May 28 from 5.38 per cent in the pr ... | Read..

Uco Bank aims high

Uco Bank has set a target of achieving Rs 1000 crore in operating profits and Rs 550 crore in net profit this fiscal. ... | Read..

Ajay Mahajan in Calcutta on Friday. A Telegraph picture

Sensex

6781.99

-50.54

Stock Indices

BSE-100	3643.99	(-27.18)
S&P CNX Nifty	2090.06	(-12.06)

Biotech revenues cross $1 bn
The biotechnology industry has garnered more than $1 billion as revenues in 2004-05 because of a sp.. | Read..

Rich club, growing daily
Here?s some good news. More Indians are turning millionaires by the day. .. | Read..

Rabo to retain Yes stake

Rabobank International Holding will participate in Yes Bank’s IPO and buy shares from the mark.. | Read..

NIIT to set up central university soon

NIIT Ltd will soon set up a central university in the northern region... | Read..

Solar power for Orissa villages

The Orissa government has given a go-ahead to a proposal to electrify 1 lakh households in 1200 vil.. | Read..

Threat from trade pact

India Inc will be hit hard as cheap imports are expected to flood the market under the India-Thaila.. | Read..

Bajaj rolls out Avenger

Bajaj Auto Ltd (BAL), the country’s largest two-wheeler manufacturer, today launched the Aveng.. | Read..

More data units from Reliance Info

Reliance Infocomm plans to expand its Internet data centre business to three more cities by the end.. | Read..

AROUND THE GLOBE

Citigroup in $2-bn Enron settlement

Citigroup Inc said on Friday it would pay $2 billion to Enron Corp shareholders, who accused it of .. | Read..

STOCK MARKET

Share Prices

Name	BSE	NSE
HLL	145.04 (-2.04)	145.09 (-1.09)
ITC	1561.04 (-14.45)	1562.35 (-13.04)
Infosys	2213.03 (-23.02)	2212.25 (-24.05)
Reliance	566.75 (+7.75)	566.55 (+7.05)
Wipro	723.55 (-2.95)	723.08 (-2.01)
Zee	149.05 (+0.02)	148.09 (-0.06)

Foreign Exchange

US $1 : Rs 43.53	UK £1 : Rs 79.42
Euro : Rs 53.28	Yen 100 : Rs 40.52
HK $1 : Rs 5.55	SW Fr1 : Rs 34.25
Sing $1 : Rs 25.06	Aus $1 : Rs 32.85

Bullion

Bombay
Gold Std (10gm)	Rs. 6060
Gold 22 Carat	Rs. 6030
Silver bar (1kg)	Rs. 10875
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6145
Gold 22 Carat	Rs. 5800
Silver bar (1kg)	Rs. 10800
Silver Portion	Rs. 10900