The Telegraph - Calcutta : Business

| Saturday, November 12, 2005 |

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FM plays bank union tune

Finance minister P. Chidambaram has lobbed the bank-consolidation ball into the court of unions, saying they must arrive at a “consensus on the issue”. ... | Read..

IDBI to recover bad assets in five years

Industrial Development Bank of India (IDBI) has worked out a five-year roadmap for recovery of sticky assets that have been ... | Read..

Stocks pick up speed, 400 points in a week

Buoyed by signs that foreign institutional investors (FIIs) are returning, markets won back their winning streak with a 162- ... | Read..

Ranbaxy to up stake in Nippon arm

Ranbaxy Laboratories will raise its stake in Nihon Pharmaceutical Industry ? a subsidiary of Japan’s Nippon Chemiphar ? ... | Read..

NDTV in FDI plan approvals

The government today cleared 38 foreign direct investment (FDI) proposals, including that of the Cyprus-based GA European In ... | Read..

Finance minister P. Chidambaram with Uco Bank chairman V. Sridar (centre) and IDBI chief V.P. Shetty at BanCon 2005 in Calcutta on Friday. Picture by Kishor Roy Chowdhury

Sensex

8471.04

+162.11

Stock Indices

BSE-100	4469.77	(+83.64)
S&P CNX Nifty	2548.65	(+47.95)

Bharti ties rate cut to ADC abolition
The Bharti Group has voiced its discontent over the telecom ministry?s move to lower the entry fee .. | Read..

Idea plans to dial STD
Idea Cellular is planning to enter the domestic long-distance telephony business... | Read..

Pat & punch from PC

While mildly praising Bengal government’s new-found industrial zeal, finance minister P. C.. | Read..

Govt clears air on ELSS tax status

The government today clarified that the existing equity linked savings schemes (ELSS) offered b.. | Read..

Customer is king, says RBI governor

Reserve Bank of India governor Y.V. Reddy today made it clear to banks that customer is the kin.. | Read..

FII booster for asset companies

The Reserve Bank of India (RBI) today followed up its earlier announcement of allowing 49 per c.. | Read..

E&Y feather in Kumar Birla cap

Kumar Mangalam Birla has been named as the Ernst & Young Entrepreneur of the Year 2005. .. | Read..

Big push to call-carrier selection

The telecom regulator today issued letters to all service providers seeking a report on the sta.. | Read..

SpiceJet off Temasek radar

Singapore government’s investment arm, Temasek Holdings Ltd, will not pick up a stake in S.. | Read..

AROUND THE GLOBE

Daimler sells Mitsubishi stake

DaimlerChrysler AG drew the final curtain on its ill-fated investment in Mitsubishi Motors Corp. on.. | Read..

Dell third-quarter profit drops 28%

Dell Inc. has said its quarterly profit fell 28 per cent and set a revenue forecast that left analy.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Wanbury acquires DOCL

Inflation rises to 4.75%

Share Prices

Name	BSE	NSE
HLL	172.25 (+3.03)	172.02 (+3.06)
ITC	130.01 (+2.03)	130.01 (+2.05)
Infosys	2681.06 (+26.05)	2681.05 (+27.01)
Reliance	795.55 (+10.00)	795.04 (+9.07)
Wipro	403.09 (+18.07)	404.15 (+18.55)
Zee	154.03 (+3.85)	153.35 (+2.08)

Foreign Exchange

US $1 : Rs 45.69	UK £1 : Rs 79.54
Euro : Rs 53.47	Yen 100 : Rs 38.69
HK $1 : Rs 5.85	SW Fr1 : Rs 34.04
Sing $1 : Rs 26.55	Aus $1 : Rs 33.05

Bullion

Bombay
Gold Std (10gm)	Rs. 7000
Gold 22 Carat	Rs. 6960
Silver bar (1kg)	Rs. 11835
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 7065
Gold 22 Carat	Rs. 6670
Silver bar (1kg)	Rs. 11575
Silver Portion	Rs. 11675