The Telegraph - Calcutta : Business

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| Wednesday, May 31, 2006 |

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Banks need to bare it all in balance sheets

To impart greater transparency, the Reserve Bank of India (RBI) has asked commercial banks to disclose their provisions by categories. The RBI feels the procedure will also offer a better understanding of a bank’s balance sheet. ... | Read..

BoB to pay fine for flouting act

The Reserve Bank of India (RBI) has slapped a Rs 5-lakh fine on the Bank of Baroda (BoB) for violating provisions of the Ban ... | Read..

SBI close to clinching two foreign deals

The State Bank of India will complete the acquisition of Kenya’s Giro Commercial Bank and PT Bank Indo Monex of Indones ... | Read..

Pressure on rupee mounts

The rupee today collapsed to a six-month low against the dollar, with rising crude prices and net outflows from foreign ins ... | Read..

Tata Steel priority to overseas synergy

Tata Steel plans to integrate its overseas acquisitions in Singapore and Thailand in two years. ... | Read..

Blue Dart Express MD Malcolm Monteiro flanked by senior VP Tulsi Nowlakha Mirchandaney and Blue Dart Aviation MD Niteen Gupte in Mumbai on Tuesday. (Fotocorp)

Oberois ready to dish out a grand bonus spread
EIH Ltd, the holding company of the Oberoi group, today announced that its board will meet tomorrow.. | Read..

Pride of place for India on GE map
Jeffrey Immelt, chairman and CEO of General Electric Company, today articulated a grand plan for it.. | Read..

Orissa clears Vedanta smelter

The Orissa government today approved the first phase of Vedanta Resources’ 5-lakh-tonne alumin.. | Read..

Hero Honda stuns all with 1000% dividend

Hero Honda Motors (HHM) today announced a 1,000 per cent dividend and an investment of Rs 550 c.. | Read..

Govt set to cap pension FDI at 26%

The government will cap foreign investment for the pension sector at 26 per cent and also give .. | Read..

No relief for IDBI in Haldia Petro case

Delhi High Court today dismissed Industrial Development Bank of India’s appeal for a stay .. | Read..

Blue Dart adds two Boeings to its fleet

Blue Dart Express, the air express, courier and package distribution company, today inducted tw.. | Read..

Lanco takes control of Nagarjuna Power

The Lanco group has picked up a controlling stake in Nagarjuna Power Company Ltd, which is sett.. | Read..

Kotak Mahindra Prime to raise Rs 7000 crore

Kotak Mahindra Prime Ltd today said it would raise Rs 7,000 crore by issuing non-convertible re.. | Read..

Tata Chem net profit dips to Rs 64 cr

Tata Chemicals has recorded a 42.03 per cent decline in net profit at Rs 64.42 crore for the quarte.. | Read..

AROUND THE GLOBE

Vodafone hikes dividend, charts growth route

Mobile phone giant Vodafone unveiled plans to return an extra ?3 billion ($5.6 billion) to investor.. | Read..

Altered Lenovo deal gives IBM early exit option

Lenovo Group Ltd has tweaked a deal with IBM to allow the US company to sell its nearly 15 per cent.. | Read..

GM mulls plant in Russia

General Motors Corp is in advanced talks to set up a car plant in Russia but has not yet clinched t.. | Read..

BAA cool to fresh offer from Ferrovial

Spanish construction firm Grupo Ferrovial raised its bid for British airports operator BAA Plc to.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Adhunik Metaliks net up

Foreign Exchange

US $1 : Rs 46.03	UK £1 : Rs 86.99
Euro : Rs 59.62	Yen 100 : Rs 41.36
HK $1 : Rs 5.09	SW Fr1 : Rs 37.15
Sing $1 : Rs 28.07	Aus $1 : Rs 34.04

Bullion

Bombay
Gold Std (10gm)	Rs. 9805
Gold 22 Carat	Rs. 9755
Silver bar (1kg)	Rs. 19415
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 9950
Gold 22 Carat	Rs. 9395
Silver bar (1kg)	Rs. 18650
Silver Portion	Rs. 18750