The Telegraph - Calcutta : Business

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| Wednesday, April 05, 2006 |

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Airline duo to catch merger flight

Civil aviation minister Praful Patel today said the merger of the two national carriers ? Indian Airlines and Air-India ? would take place this year. The proposal will be sent to the cabinet for approval after which the companies will be formally me ... | Read..

New policy this month

A new civil aviation policy has been sent for cabinet approval and will be unveiled this month. The policy is expected to co ... | Read..

Agreement on airport update

The Airports Authority of India (AAI) today signed the agreements to hand over Delhi and Mumbai airports to joint venture co ... | Read..

Oil, bank join sensex party

Energised by FIIs and mutual funds, the sensex today hurled past the 11700-mark in intra-day trade. Analysts said the sensex ... | Read..

Sebi turns heat on mutual funds

The Securities and Exchange Board of India (Sebi) has cracked the whip on mutual funds. ... | Read..

Zooming in: A model displays a camcorder and an MP3 player launched by Samsung India in Bangalore on Tuesday. The company plans to invest $20 million ... | Read

MphasiS yes for EDS offer
The MphasiS BFL board today put its stamp of approval on EDS?s $380-million conditional offer to ac.. | Read..

Small units to help in Bengal infotech drive
Small and medium businesses (SMBs) would contribute significantly to Bengal?s revenue from informat.. | Read..

Reliance Mutual grabs top slot

Reliance Mutual Fund has bagged the numero uno position among private mutual funds with assets unde.. | Read..

RBI puts lid on advances to states

A committee set up by the Reserve Bank of India (RBI) has recommended that normal advances provided.. | Read..

Arbitration favoured to settle corporate disputes

The Supreme Court today favoured arbitration as a suitable way of settling family disputes in corpo.. | Read..

Bokaro Steel output shines

Bokaro Steel Plant has produced record quantities of hot metal, crude steel, concast slab, hot-.. | Read..

Tinplate lines up expansion plans

Tinplate Company of India Limited, a Tata Steel subsidiary, is planning to double its capacity at a.. | Read..

Flextronics stake in SemIndia project

Singapore-based Flextronics today picked up a minority stake in SemIndia Inc’s $3-billion proj.. | Read..

Allied ICD depot in Durgapur

Allied ICD Services Ltd has set up the first inland container depot at Durgapur. The project was sa.. | Read..

AROUND THE GLOBE

Lehman unit to cash in on deal scope

Lehman Brothers, a top Wall Street firm, is launching an investment banking unit in India this year.. | Read..

Arcelor hikes dividend

Arcelor beefed up its defences against bigger rival Mittal Steel’s $25-billion takeover bid by.. | Read..

NTL to buy Virgin Mobile

UK cable company NTL has agreed to buy Virgin Mobile in a deal that could be worth up to ?984.9 mil.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Kilburn client in Malaysia

Foreign Exchange

US $1 : Rs 44.72	UK £1 : Rs 78.02
Euro : Rs 54.43	Yen 100 : Rs 38.02

Bullion

Bombay
Gold Std (10gm)	Rs. 8575
Gold 22 Carat	Rs. 8530
Silver bar (1kg)	Rs. 17525
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 8675
Gold 22 Carat	Rs. 8190
Silver bar (1kg)	Rs. 17075
Silver Portion	Rs. 17175