The Telegraph - Calcutta : Business

| Tuesday, July 05, 2005 |

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Scandal slams brakes on VW plan

Volkswagen’s (VW) plan to build a plant in India appears to have been caught in a payoff snarl. ... | Read..

Andhra waits for official word

The Andhra Pradesh government has reacted with dismay to reports that the Volkswagen project in the state has been put on ic ... | Read..

Essar raises Hutch stake

Essar Teleholdings Ltd, the investment arm of Essar Group for all its telephony ventures, has increased its stake in Hutchis ... | Read..

Tata Tele, Korean major in final talks

Tata Teleservices is at an advanced stage of negotiations with South Korea Telecom for a strategic partnership. While the Ta ... | Read..

Bengal sets deadline for Purnendu

The Bengal government has set Purnendu Chatterjee a timeframe for bringing in the funds needed to buy out its 36.87 per cent ... | Read..

Scandal slams brakes on VW plan

Sensex

7277.31

+66.54

Stock Indices

BSE-100	3862.36	(+39.47)
S&P CNX Nifty	2230.65	(+18.75)

Govt to untie independent director knot by August
The government is likely to decide by August the number of independent directors a company needs t.. | Read..

Crude futures gains momentum
The National Commodity and Derivatives Exchange (NCDEX) has sought the approval of the Forward .. | Read..

RIL buys 1.36 cr shares of Reliance Energy

Reliance Industries has acquired over 1.36 crore shares of Reliance Energy from Reliance Industria.. | Read..

Gujarat NRE buys third Aussie mine

Gujarat NRE Coke Ltd, the largest non-captive metallurgical coke manufacturer in the country, h.. | Read..

Dubai cable firm eyes base

Dubai-based cable company Ducab is planning to set up a manufacturing base in India to cater t.. | Read..

Amforge, M&M fix 1:1 swap

Amforge Industries’ forging unit in Chakan will be merged with Mahindra Automotive Steels .. | Read..

Telcon plans to tap Saarc markets

Telco Construction Equipment Company Limited (Telcon), a joint venture between Tata Motors and .. | Read..

SAP to double headcount

SAP Labs India will recruit 2,000 software professionals over the next 18 months as part of its.. | Read..

Merger of rural banks on fast track

The Union government has set the ball rolling for regional rural banks (RRBs) to be merged into.. | Read..

Growth in infotech services to be robust

The IT services market in the country is set to grow to $5.3 billion by 2009 as more and more s.. | Read..

AROUND THE GLOBE

Suitors mull Unocal split to skirt bidding

As the battle between China’s CNOOC Ltd and Chevron Corp to buy Unocal drags on, speculation i.. | Read..

Deutsche Tele weighs options for US business

Deutsche Telekom has been sounding out institutional investors on whether to sell off US mobile ope.. | Read..

Oil price hovers around $59

Oil prices rose on Monday, adding to big gains late on Friday that took US crude back to $59 a barr.. | Read..

Google shines on Wall Street

Google Inc’s share price has more than tripled since its August debut, but some analysts say t.. | Read..

STOCK MARKET

Mutual Funds

Megasoft buys IT firm

Share Prices

Name	BSE	NSE
HLL	164.02 (-0.07)	164.03 (-0.55)
ITC	1683.01 (+11.07)	1683.15 (+12.06)
Infosys	2394.85 (+44.05)	2394.02 (+43.15)
Reliance	643.85 (+4.02)	644.04 (+4.03)
Wipro	744.00 (-0.08)	746.05 (+1.07)
Zee	161.00 (+6.09)	161.25 (+6.07)

Foreign Exchange

US $1 : Rs 43.55	US $1 : Rs 43.55
UK £1 : Rs 76.62	Euro : Rs 51.84
Yen 100 : Rs 39.09	HK $1 : Rs 5.55
SW Fr1 : Rs 33.01	Sing $1 : Rs 25.15
Aus $1 : Rs 32.15

Bullion

Bombay
Gold Std (10gm)	Rs. 6135
Gold 22 Carat	Rs. 6100
Silver bar (1kg)	Rs. 10580
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6205
Gold 22 Carat	Rs. 5860
Silver bar (1kg)	Rs. 10300
Silver Portion	Rs. 10400