The Telegraph - Calcutta : Business

| Thursday, November 17, 2005 |

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Selloff net spreads to select few

Finance minister picks profitable PSUs outside the navratna circle for small stake sales

Small stake sales in Maruti Udyog this year could kick off the stalled selloff plan, which finally appears headed towards profitable state-run firms. ... | Read..

Plan gets 102-point thumbs-up from market

Stocks firmed up further on Tuesday with the sensex finishing at a six-week high of 8595.92 ? a gain of nearly 102 points, o ... | Read..

Volcker-stained firms told to share records

Finance minister P. Chidambaram today said some Indian companies whose names figure in the Volcker report have been asked to ... | Read..

Govt mulls duty tweak to check inflation

Finance minister P. Chidambaram today said he would not hesitate to take fiscal measures to check inflation, though he hoped ... | Read..

Hind Petro, GAIL ink oil-hunt deal

GAIL (India) Ltd and Hindustan Petroleum Corporation Ltd (HPCL) will jointly hunt for oil and gas exploration as well as pro ... | Read..

Finance minister P. Chidambaram at the economic editors? meet in New Delhi on Wednesday. Picture by Rajesh Kumar

Sensex

8595.92

+101.63

Stock Indices

BSE-100	4531.83	(+50.57)
S&P CNX Nifty	2582.75	(+24.05)

Drug kingpins ?lead? from the front
Global pharmaceutical companies are turning over their research leads into drug molecules to a bunc.. | Read..

Titans want PM to answer spectrum call
Tata and Reliance want Prime Minister Manmohan Singh to intervene in a row over spectrum alloca.. | Read..

Motorola walks the talk on local unit

Motorola C115 will soon be assembled in the country and carry a “Made in India” label. .. | Read..

Spark of hope for power consumers

Power rates in Bengal may come down next year if the revenue earned by the state electricity bo.. | Read..

NTPC warms up for new unit at Farakka

The National Thermal Power Corporation (NTPC) hopes to start the construction of its 500-mw the.. | Read..

FM sets Friday date with bank chiefs

Finance minister P. Chidambaram has convened a meeting of the chairmen of public sector banks o.. | Read..

Second city airport on Left radar

Quite a few domestic and international companies have shown interest in developing a greenfield.. | Read..

Triveni ready for public issue

Triveni Engineering and Industries Limited will hit the capital market on November 18 to fund t.. | Read..

LG to make more GSM phones

LG Electronics India Limited (LGEIL) plans to raise its GSM phone manufacturing capacity by add.. | Read..

Mahindra BT to buy Axes

Mahindra-British Telecom (MBT) will acquire Texas-based Axes Technologies for a total considera.. | Read..

VSNL hooked to wireless technology

Videsh Sanchar Nigam Ltd (VSNL) is also betting on the wireless technology. It plans to roll o.. | Read..

Posco project on track

The 12-billion-tonne steel project of Posco, being built at port town of Paradip, is well on tr.. | Read..

AROUND THE GLOBE

NYSE bid to iron out merger wrinkles

The New York Stock Exchange reached a settlement on Tuesday with 10 dissident seat holders, or .. | Read..

Liberty to leave News Corp alone

John Malone’s Liberty Media Corp was unlikely to try to take over News Corp, News chairman Rup.. | Read..

JP Morgan eyes retail market

JPMorgan Chase & Co chief executive William Harrison said the No. 3 US bank wants to have an in.. | Read..

Daimler plans to launch bank in US

DaimlerChrysler intends to launch its own bank in the United States as a way to reduce borrowing co.. | Read..

Guidant revival a tough task for J&J

The discounted price Johnson & Johnson will pay to acquire Guidant Corp reflects the tough real.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Essel ramps up US unit

Share Prices

Name	BSE	NSE
HLL	168.15 (-2.25)	168.09 (-1.85)
ITC	130.06 (-2.35)	130.55 (+2.25)
Infosys	2737.75 (+86.02)	2740.07 (+88.00)
Reliance	817.05 (+19.08)	817.45 (+19.00)
Wipro	408.07 (+4.09)	409.05 (+4.07)
Zee	152.15 (-0.01)	152.03 (+0.25)

Foreign Exchange

US $1 : Rs 45.77	UK £1 : Rs 78.97
Euro : Rs 53.48	Yen 100 : Rs 38.33
HK $1 : Rs 5.08	SW Fr1 : Rs 34.25
Sing $1 : Rs 26.05	Aus $1 : Rs 32.85

Bullion

Bombay
Gold Std (10gm)	Rs. 7090
Gold 22 Carat	Rs. 7055
Silver bar (1kg)	Rs. 11940
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 7165
Gold 22 Carat	Rs. 6765
Silver bar (1kg)	Rs. 11675
Silver Portion	Rs. 11775