The Telegraph - Calcutta : Business

| Thursday, August 11, 2005 |

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Big bang for small firms

Finance minister P. Chidambaram today declared that all industrial units with investments of up to Rs 10 crore in plant and machinery will be deemed medium enterprises. He backed that up with an order to state-run banks to lend up to Rs 81,000 cror ... | Read..

Bengal to refute TCG stake claim

The Bengal government plans to puncture holes in Purnendu Chatterjee’s claim before the company law board (CLB) that Th ... | Read..

RBI eagles on oil-price vigil

Expressing grave concern over the rising global crude oil prices, Reserve Bank governor Y. Venugopal Reddy today said the ap ... | Read..

Local rates out of Fed hike chain

The upward revision of the interest rates by the US Federal Reserve on Tuesday, the tenth in a row since June last year, is ... | Read..

Food park on Dankuni platter

The Centre has decided to set up a food park in Bengal. ... | Read..

Big bang for small firms

Sensex

7729.82

+134.25

Stock Indices

BSE-100	4148.48	(+74.98)
S&P CNX Nifty	2360.15	(+41.45)

Market springs surprise bounce
Markets today recorded their sharpest rise since the budget was presented in February, though playe.. | Read..

LML to turn around by fiscal end
LML Limited, the ailing two-wheeler manufacturer, hopes to make a turnaround this year itself. .. | Read..

Sun Pharma enters Europe

Sun Pharmaceutical Industries, the speciality pharmaceuticals company, has bought the raw mater.. | Read..

Gail awaits Dabhol nod

The petroleum ministry will seek the approval of the cabinet committee on economic affairs tomo.. | Read..

Mittal Steel quarterly profit dips 15%

Mittal Steel, the world’s largest steel maker, today announced a 15 per cent drop in its quart.. | Read..

Ingersoll to delist from local bourses

Ingersoll-Rand (India) Ltd today joined the growing list of multinationals delisting from local sto.. | Read..

Rabo India to offer NPA recast package

Rabo India Finance, a wholly-owned subsidiary of Rabobank Netherlands, will restructure non-perform.. | Read..

Vijaya Bank to raise Rs 250 cr

Vijaya Bank plans to raise its tier-II capital by Rs 250 crore in the fourth quarter of this fiscal.. | Read..

Fresh look at Indo-Pak air links

India and Pakistan today agreed to take a fresh look at their bilateral air services and shippi.. | Read..

AROUND THE GLOBE

Alibaba spell on Yahoo

Yahoo Inc is close to paying $1 billion and forking over its China operations for a 35 per cent sta.. | Read..

Fed pulls no punches, ups rates to 3.5%

The Federal Reserve raised a key US interest rate a quarter-percentage point on Tuesday, offering n.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

McNally Bharat net up

Share Prices

Name	BSE	NSE
HLL	161.75 (+1.55)	161.85 (+1.03)
ITC	1736.07 (+34.07)	1736.07 (+36.75)
Infosys	2315.15 (+51.65)	2315.00 (+50.09)
Reliance	719.25 (+11.95)	719.45 (+11.08)
Wipro	726.65 (+10.65)	727.65 (+11.06)
Zee	172.06 (+0.15)	172.75 (+0.35)

Foreign Exchange

US $1 : Rs 43.57	UK £1 : Rs 78.16
Euro : Rs 54.04	Yen 100 : Rs 39.27
HK $1 : Rs 5.55	SW Fr1 : Rs 34.05
Sing $1 : Rs 25.08	Aus $1 : Rs 32.75

Bullion

Bombay
Gold Std (10gm)	Rs. 6250
Gold 22 Carat	Rs. 6215
Silver bar (1kg)	Rs. 10695
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6315
Gold 22 Carat	Rs. 5960
Silver bar (1kg)	Rs. 10550
Silver Portion	Rs. 10650