The Telegraph - Calcutta : Business

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| Wednesday, August 03, 2005 |

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Market peaks on Reliance frenzy

Shareholder wealth in Reliance Industries surged past the Rs 1,00,000-crore mark on the eve of the first annual general meeting of the country’s largest private sector company since the split in the Ambani family on June 18. ... | Read..

Oracle to buy most of i-flex

Oracle Inc will shell out around $909 million (about Rs 4,000 crore) to buy a majority stake in i-flex Solutions. ... | Read..

Aiyar balm for PSU oil retailers

With cash losses of Indian Oil, Hindustan Petroleum, Bharat Petroleum and IBP shooting up to Rs 1,516 crore during July, th ... | Read..

FM channel plays deficit cut tune

The government is optimistic about lowering the fiscal deficit as it feels that the economy had shown “considerable res ... | Read..

Purnendu stands between IOC, Haldia

Confusion and uncertainty over Indian Oil’s move to buy shares of Haldia Petrochemicals refuse to die down with Purnend ... | Read..

Market peaks on Reliance frenzy

Sensex

7756.04

+86.59

Stock Indices

BSE-100	4146.37	(+56.06)
S&P CNX Nifty	2353.65	(+35.06)

Pakistan lifts ban on Indian sugar import
After a gap of four years, Pakistan today lifted the ban on sugar import from India. It is expe.. | Read..

Mutuals choosy about IPOs
The initial public offerings, which hit the primary market during the first quarter of this fis.. | Read..

Insurers rush to settle Mumbai rain claims

State-run insurers today announced the formation of a committee to expedite settlements of the .. | Read..

Courier firms assess damage

The torrential rains that swept across Mumbai and parts of Maharashtra have affected courier an.. | Read..

Deluge drowns drug stocks worth crores

The pharmaceutical industry is understood to have suffered losses to the tune of Rs 1,000 crore.. | Read..

Arrest me, I’m available, says Anil

Facing severe flak from several quarters over the delay in restoration of power in some areas, Rel.. | Read..

Balmer Lawrie’s five-year plan

Balmer Lawrie & Co has chalked out a strategic plan for the next five years... | Read..

Jubilant share sale to fetch Rs 109 cr

Jubilant Organosys Ltd will raise around Rs 109 crore through a private placement of 9.90 lakh .. | Read..

AROUND THE GLOBE

CNOOC bows out of Unocal race

China's CNOOC Ltd has abandoned its $18.5-billion offer to acquire US oil and gas producer Uno.. | Read..

Tyco quarterly profit rises

Tyco International Ltd has posted a rise in quarterly profit, boosted by strong earnings from its h.. | Read..

Mitsubishi Motors lowers loss

Japan’s Mitsubishi Motors Corp (MMC) said its quarterly net loss shrank by more than 60 per ce.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Mukand profit at Rs 15 cr

Share Prices

Name	BSE	NSE
HLL	171.25 (-2.08)	171.02 (-2.09)
ITC	1669.15 (+6.25)	1671.02 (+8.03)
Infosys	2299.95 (+38.15)	2299.02 (+34.65)
Reliance	741.95 (+33.85)	741.45 (+33.07)
Wipro	724.04 (+0.00)	724.02 (+0.45)
Zee	181.25 (+1.65)	181.08 (+1.75)

Foreign Exchange

US $1 : Rs 43.54	UK £1 : Rs 77.24
Euro : Rs 53.24	Yen 100 : Rs 39.08
HK $1 : Rs 5.55	SW Fr1 : Rs 33.05
Sing $1 : Rs 25.65	Aus $1 : Rs 32.07

Bullion

Bombay
Gold Std (10gm)	Rs. 6180
Gold 22 Carat	Rs. 6145
Silver bar (1kg)	Rs. 10835
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6250
Gold 22 Carat	Rs. 5900
Silver bar (1kg)	Rs. 10700
Silver Portion	Rs. 10800