The Telegraph - Calcutta : Business

| Friday, September 02, 2005 |

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Big push for small car, thanks to oil

With crude flaring up to record highs, finance minister P. Chidambaram today hinted the government will drive down taxes on smaller, fuel-efficient cars while raising them on older oil-thirsty vehicles. ... | Read..

Ford, Toyota on overdrive

Ford plans to launch its family sedan made for the Indian market later this year even as rival Toyota is gearing up for a sm ... | Read..

Steel prices head north again

Bucking the downward trend of the last three months, steel majors have raised prices by Rs 500-1000 a tonne. Global steel ra ... | Read..

Aluminium up

Aluminium prices today shot up with Nalco raising the primary metal price by Rs 1,400 per tonne. Wire rods rates have increa ... | Read..

Backoffice deals to dwindle

Business process outsourcing (BPO) deals are likely to shrink both in terms of value and the period of contract, according t ... | Read..

Finance minister P. Chidambaram with Maruti MD Jagdish Khattar (extreme left), Hero Honda chairman Brij Mohan Lall Munjal (second from left), S.K. Munjal, managing director of Hero Corporate Service, and Bajaj Auto chairman Rahul Bajaj (extreme right) in New Delhi on Thursday. Picture by Rajesh Kumar

Sensex

7876.15

+70.72

Stock Indices

BSE-100	4218.18	(+33.35)
S&P CNX Nifty	2405.05	(+21.01)

ABN Amro windfall for technology trinity
The Netherlands-based ABN Amro will pay $2.2 billion or Rs 9,680 crore to five entities, including .. | Read..

Pilani meet turns heat on Birlas
Settling scores through annual general meetings seems to have become a rule and the Birlas tasted t.. | Read..

Tug-of-war over fuel price hike

The finance ministry has shot down petroleum ministry’s twin proposals of higher subsidy o.. | Read..

IOC closes in on Turkish firm

Indian Oil Corporation (IOC) is taking on Shell and Total for a majority stake in Turkish oil r.. | Read..

MphasiS mulls buyback

Mphasis BFL today informed stock exchanges that its board would meet on September 10 to conside.. | Read..

Tea firms stir export brew

The Tea Board and members of the Indian Tea Association (ITA) will hold talks with Dubai Metal .. | Read..

FM open to talks on fringe tax

Union finance minister P. Chidambaram is open to discussions on the clarifications given by the.. | Read..

Welspun weaves capacity rejig plan

Welspun India Ltd today announced a Rs 650-crore expansion programme to augment the production .. | Read..

Stock-taking

Prime Minister Manmohan Singh today reviewed the global oil price situation with senior officia.. | Read..

STOCK MARKET

Share Prices

Name	BSE	NSE
HLL	168.15 (+2.05)	167.09 (+2.04)
ITC	1728.95 (-2.85)	1731.75 (+0.01)
Infosys	2426.75 (+50.05)	2425.65 (+49.55)
Reliance	726.75 (+7.02)	726.07 (+7.03)
Wipro	371.45 (+6.08)	372.02 (+7.55)
Zee	197.00 (+6.08)	197.65 (+7.06)

Foreign Exchange

US $1 : Rs 44.03	UK £1 : Rs 79.74
Euro : Rs 54.56	Yen 100 : Rs 39.85
HK $1 : Rs 5.65	SW Fr1 : Rs 34.06
Sing $1 : Rs 25.65	Aus $1 : Rs 32.85

Bullion

Bombay
Gold Std (10gm)	Rs. 6315
Gold 22 Carat	Rs. 6285
Silver bar (1kg)	Rs. 10645
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6380
Gold 22 Carat	Rs. 6025
Silver bar (1kg)	Rs. 10400
Silver Portion	Rs. 10500