The Telegraph - Calcutta : Business

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| Thursday, June 02, 2005 |

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Steel majors hammer down prices

Nalco sets off aluminium rate revisions with cut of Rs 2,500 per tonne

Steel and aluminium prices appeared headed lower today after Steel Authority of India (SAIL) and National Aluminium Company (Nalco) said would charge less for their output. ... | Read..

Transaction tax account opened

Withdrawals of over Rs 25,000 on a single day from current accounts in banks are being taxed from today. ... | Read..

IISCO merger likely to be cleared today

The long-awaited merger of Burnpur-based Indian Iron & Steel Company (IISCO) with parent Steel Authority of India (SAIL) ... | Read..

Bechtel fires Dabhol dues salvo

Armed with a US federal court ruling, Bechtel Corporation has attached the shares of Maharashtra State Electricity Board (MS ... | Read..

Strides Arcolab to merge with Matrix

Strides Arcolab is merging with Matrix Laboratories in a deal that will spawn the country’s seventh-largest drug compan ... | Read..

Steel and aluminium prices appeared headed lower today after Steel Authority of India (SAIL) and National Aluminium Company (Nalco) said would charge ... | Read

Sensex

6729.09

+14.79

Stock Indices

BSE-100	3611.25	(+9.52)
S&P CNX Nifty	2087.55	(+0.00)

Bose Corp amplifies retail outlet plans
Bose Corporation plans to increase its retail outlets in India from nine to 16 by March 2007... | Read..

Kotak, Ford snap auto-finance ties
The Kotak Mahindra group and Ford Credit International today announced a split that will see the tw.. | Read..

No interim relief to Bajaj

The Supreme Court today declined an interim relief to Bajaj Auto, which sought to restrain the Firo.. | Read..

Govt pulls a rabbit out of fiscal hat

India’s fiscal deficit in 2004-05 stood at 4.11 per cent, well below the government’s.. | Read..

Bhilai shines in SAIL stable

Bhilai Steel Plant has again emerged as the top earner for Steel Authority of India Ltd by post.. | Read..

Captive sources in power play

The Centre would draw 5,000 MW from captive power plants in two years to reach the Tenth Plan capac.. | Read..

Reliance Info hastens broadband plan

Reliance Infocomm plans to roll out its enterprise broadband services in 200 cities by the end .. | Read..

Maruti sales hit the skids

Sluggish export numbers and continued decline in demand for the M-800 model saw the country’s .. | Read..

BPL stake scanner

A report authenticating the records of BPL’s three telecom ventures ? BPL Communications, BPL .. | Read..

AROUND THE GLOBE

Microsoft rushes to calm Europe anti-trust nerves

Anti-trust authorities are sifting through Microsoft Corporation’s final proposal to comply wi.. | Read..

Airbus delays deliveries of superjet

Airbus said on Wednesday deliveries of its 21st-century flagship, the double-decker A380 superjumbo.. | Read..

General Motors rolls out incentives

General Motors, suffering from a protracted slump in its US sales, will announce on Wednesday that.. | Read..

Sony to pay $7 m to outgoing bosses

Struggling electronics maker Sony Corp will give chief executive Nobuyuki Idei and three other outg.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

SBT net profit inches up

Share Prices

Name	BSE	NSE
HLL	149.35 (+6.02)	149.00 (+5.75)
ITC	1591.35 (-8.25)	1591.55 (-7.07)
Infosys	2221.05 (-29.02)	2222.00 (-28.45)
Reliance	540.04 (+5.15)	541.00 (+6.00)
Wipro	710.85 (-5.05)	711.25 (-4.05)
Zee	139.85 (+0.08)	139.65 (+0.45)

Foreign Exchange

US $1 : Rs 43.78	UK £1 : Rs 79.42
Euro : Rs 53.65	Yen 100 : Rs 40.03
HK $1 : Rs 5.55	SW Fr1 : Rs 34.06
Sing $1 : Rs 25.07	Aus $1 : Rs 32.06

Bullion

Bombay
Gold Std (10gm)	Rs. 6000
Gold 22 Carat	Rs. 5965
Silver bar (1kg)	Rs. 10920
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 6080
Gold 22 Carat	Rs. 5740
Silver bar (1kg)	Rs. 10850
Silver Portion	Rs. 10950