The Telegraph - Calcutta : Business

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| Tuesday, January 16, 2007 |

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Oil hunt winners get prizes

The empowered committee of secretaries today approved the winning bids for the 52 oil and gas blocks that were up for sale in the sixth round of the new exploration licensing policy (Nelp-VI). ... | Read..

Cooking fuel prop to stay

The subsidy on domestic cooking gas and kerosene supplied to the public distribution system will be extended beyond the Marc ... | Read..

$1bn feather in TCS revenue cap

Tata Consultancy Services (TCS) beat street expectations to post a 45 per cent jump in consolidated net profit at Rs 1,116 c ... | Read..

Sensex scales new peak

The sensex maintained its scorching pace for the third consecutive session to set a new record at 14129.64, up 73.11 points ... | Read..

Wal-Mart venture with Bharti okayed

The commerce ministry has given its final clearance to global retail major Wal-Mart for a joint venture with Bharti. ... | Read..

TCS chief executive S. Ramadorai with S. Manabhan, global head of human resources, in Mumbai on Monday. (Fotocorp)

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Windfall awaits Nestle shareholders

Nestle India today said its board of directors has approved a proposal to distribute about Rs 86 cr.. | Read..

SingTel sets sights on Vodafone stake in Airtel

Adding spice to the ongoing telecom take-over drama in the country, Singapore Telecommunications (S.. | Read..

Phone user base at 190 million

The number of telephone subscribers in India surged to 189.93 million in December 2006, taking the .. | Read..

February date for spot trade in farm crops

The country’s first bourse for spot trading in agriculture commodities may be up and running .. | Read..

Govt bets on further fall in crude price

Petroleum secretary M.S. Srinivasan said the government expected crude oil prices to fall as specul.. | Read..

IPCL gives credit to cost cut for high profit

The Indian Petrochemicals Corporation’s (IPCL) third-quarter net profit grew 40 per cent to Rs.. | Read..

Banks rule out SLR cut in medium term

Bankers believe that the Reserve Bank of India is unlikely to reduce the statutory liquidity ratio .. | Read..

Big scope for Bengal in auto components

Bengal is gearing up to be a hub in auto components whose market size in India is estimated at $40 .. | Read..

Tata Steel to buy Rawmet Ferrous

Tata Steel will buy 100 per cent of Calcutta-based Rawmet Ferrous Industries for an undisclosed sum.. | Read..

Ministry to start talks with airline employees

The empowered group of ministers (EGoM) headed by external affairs minister Pranab Mukherjee today .. | Read..

AROUND THE GLOBE

GE to buy aerospace unit for $4.8bn

General Electric (GE) has agreed to buy Britain’s Smiths Group’s aerospace business for $.. | Read..

GM eyes Malaysian auto firm

General Motors (GM) has shown interest in Malaysia’s state-controlled auto firm, Proton Holdin.. | Read..

Citigroup, CDC tie the knot for African safari

CDC Group, a private equity investor owned by the British government, has teamed up with US banking.. | Read..

STOCK MARKET

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CORPORATE BRIEFS

Salem ropes in Dasturco

Bullion

Bombay
Gold Std (10gm)	Rs. 9090
Gold 22 Carat	Rs. 9040
Silver bar (1kg)	Rs. 19440
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 9180
Gold 22 Carat	Rs. 8670
Silver bar (1kg)	Rs. 19200
Silver Portion	Rs. 19300