Financial Daily from THE HINDU group of publications
Friday, May 26, 2006
Commodities (May 25 at close)
Gold (per gram) Rs901
Standard Gold (10 gram) Rs9,730
Silver (per gram) Rs20.90
Brent crude (per bbl) Rs3171
Markets (May 25)
BSE Sensex10666.32(+93.17)
S&P CNX Nifty3177.70 (+62.15)
US Dollar (Buy/Sell)45.89 (+0.33)


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States to seek higher share of VAT pie
Compensation package for phase-out of Central Sales Tax More

Oil bonds boost HPCL Q4 net four-fold
Armed with oil bonds, Hindustan Petroleum Corporation Ltd has clocked a four-fold increase in net profit for the quarter ended March 31, 2006. The company, which had taken a hit in its profits for selling fuel at below-market prices, reported net ... More

Sensex recovers as margins ease
Gains 93 after early fall of 300 points More

Decision likely on petro price revision next week
A decision on revision of domestic fuel prices could be expected some time next week. According to official sources, the decision on petroleum pricing would be a mix of a price increase and duty cuts on oil products. "Hopefully by Monday there ... More

L&T Q4 net profit jumps 40%
Margins rise across segments; board meet to consider bonus More

No extension for Subir Raha
Senior-most director R.S. Sharma acting CMD of ONGC More

Acquisitions on the radar for Ranbaxy's promoter-scions
Focus on consolidation; Fortis looks at inorganic growth More

Dell manufacturing facility to be operational by year-end
Will cut delivery time by 3-5 days, reduce costs More

Dedicated TCS centre for banking services solutions
Chennai is key investment destination More

PMO initiates move to unbundle BSNL's network for broadband
Sub-committee meets today to work out details More

KVB announces 1:1 bonus, 1:2 rights
Karur Vysya Bank has announced a bonus and rights issue of shares. The bank's board, while deciding on a 1:1 bonus has proposed rights in 1:2 ratio (including the bonus share) as on the record date, yet to be fixed. The board, at a meeting ... More

MARKET SURVEY
Hangovers cost Bangalore corporates Rs 47 cr
On an average, a Bangalorean spent around Rs 200 for his drink during the weekends. More

Monsoon onset over Kerala, North-east likely tomorrow
Conditions have become favourable for the onset of southwest monsoon over the mainland within the next two to three days. There is an enhanced possibility that the initial pulse will bear down on the Kerala coast on Saturday itself, according ... More


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