The Telegraph - Calcutta : Business

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| Wednesday, May 03, 2006 |

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Court gives Karvy fresh lease of life

The Karvy group ?which is at the epicentre of the IPO scam that erupted last year ? today won a reprieve of sorts when Andhra Pradesh High Court granted an interim suspension of last Thursday’s Sebi order that banned it from trading in the secu ... | Read..

Stocks touch new high

Bank stocks were on a roll today leading the sensex to an all-time closing high. ... | Read..

Cement firms face export ban threat

The government today threatened to ban cement exports to check the sharp rise in prices over the past few months. ... | Read..

Standard Life sells HDFC stake to Citi

Standard Life, the European financial services giant, has sold its entire 9.27 per cent stake in Housing Development Finance ... | Read..

Iran sets August deadline for pipeline

Iran today said it wanted India to participate in the $7-billion pipeline project but insisted on the deal being wrapped up ... | Read..

M.V.P.C. Shastry, joint secretary in the ministry of commerce (left), and S. Nundy, former president of BNCCI, in Calcutta on Tuesday. Picture by Kishor Roy Chowdhury

L&T on shipbuilding voyage
Larsen & Toubro Ltd, the engineering and construction firm, has bagged its maiden order for shi.. | Read..

Limited FDI in retail back on govt agenda
The Congress-led government is once again drawing up a plan to open up the retail sector in a l.. | Read..

Singapore brewer in India

Singapore, May 2 (AFP) Singapore-listed Asia Pacific Breweries, which makes Tiger Beer, has a.. | Read..

Policy sops for feeder airlines in the air

The government plans to encourage feeder airlines operating out of regional hubs with incentive.. | Read..

Amway sees 10% growth

Amway India Enterprises expects its turnover to grow by 10 per cent from Rs 633 crore in 2005-0.. | Read..

Tata Tea to buy Czech firm

Tata Tea (GB) Ltd, UK, a subsidiary of Tata Tea Ltd, has signed a definitive agreement to acqui.. | Read..

US court tonic for drug duo

A US district court has ruled in favour of Ranbaxy Laboratories Ltd’s first-to-file claim .. | Read..

Kesoram to hive off chemical business

BK Birla group flagship Kesoram Industries expects to sell its heavy chemical business in the n.. | Read..

Forum to hasten Indo-Gulf free trade pact

The Centre has proposed a plan to set up an Indo-Gulf Co-operation Council Investment Forum to .. | Read..

Hotel Leela posts 119% rise in earnings

Hotel Leelaventure Ltd has posted a net profit of Rs 100.81 crore for the year ended March 31, 2006.. | Read..

Indiabulls to tap overseas bourses

Indiabulls Financial Services is planning to raise $300 million from overseas markets. It is co.. | Read..

Bank twins hike rates

Andhra Bank and Bank of India (BoI) today raised their prime lending rates by 0.5 per cent with BoI.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Nalco net profit soars

Foreign Exchange

US $1 : Rs 44.89	UK £1 : Rs 82.37
Euro : Rs 56.68	Yen 100 : Rs 39.51
HK $1 : Rs 5.07	SW Fr1 : Rs 35.06
Sing $1 : Rs 28.00	Aus $1 : Rs 33.35

Bullion

Bombay
Gold Std (10gm)	Rs. 9675
Gold 22 Carat	Rs. 9625
Silver bar (1kg)	Rs. 20600
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 9770
Gold 22 Carat	Rs. 9225
Silver bar (1kg)	Rs. 20150
Silver Portion	Rs. 20250