The Telegraph - Calcutta : Business

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| Tuesday, May 16, 2006 |

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Monday meltdown, two years on

In the biggest single-day slide in nearly two years since May 17, 2004, the sensex today nosedived more than 500 points during intra-day trade. ... | Read..

Metals rusty on LME, plunge at home too

Base metals melted today on the global commodity exchanges and the domestic market followed suit. ... | Read..

Trio burns the midnight oil

Prime Minister Manmohan Singh, petroleum minister Murli Deora and finance minister P. Chidambaram did some number crunching ... | Read..

Cement units get down to repair cracks

The cement companies have assured the government that they will raise output in order to help bring down prices, commerce mi ... | Read..

Sebi paves way for corporate bonds

The roadmap for a unified exchange traded corporate bond market is now ready ? less than three months after finance minister ... | Read..

Monday meltdown, two years on

Coates new owner ready to expand
Singapore-based DIC Asia Pacific Pte Ltd will pump more capital into its Indian operations, DIC.. | Read..

Assam Co ropes in US investor for oil drill
A strategic investor from the US has entered the oil exploration foray with one third working i.. | Read..

Selloff panel to unravel Balco knot

The core group on disinvestment is likely to meet later this month to take a final decision on the .. | Read..

Shyam Tele gets licence in UK

Rajasthan-based telecom company Shyam Telecom is expanding its footprint in Britain after having ba.. | Read..

Consumers to feel the pinch as input costs rise

There’s bad news for consumers ? more and more companies are planning to raise product prices .. | Read..

Wipro buys Quantech for $10m

Wipro Technologies today said it has signed a definitive agreement to acquire US-based Quantech.. | Read..

Nanda now holds 5% stake in Goetze

Federal-Mogul Corporation today acquired a major portion of Anil Nanda’s stake in joint ve.. | Read..

Kotak report card shines

Kotak Mahindra Bank today recorded a consolidated profit after tax of Rs 130.8 crore for the fo.. | Read..

Suzlon in cash hunt

Suzlon, the country’s largest wind energy firm, will raise Rs 5,000 crore to repay debt in.. | Read..

Delhi court rejects IDBI plea

The Industrial Development Bank of India (IDBI) today suffered a setback with Delhi High Court reje.. | Read..

Jai Balaji capex kitty ready

The Rs 1500-crore Jai Balaji group is planning to expand capacities at an investment of Rs 490 .. | Read..

AROUND THE GLOBE

AstraZeneca bells the CAT

AstraZeneca is to buy Cambridge Antibody Technology (CAT) in a deal valuing it at ?702 million ($1... | Read..

Nova Scotia in gold rush

Canada’s Bank of Nova Scotia is targeting India’s retail bullion market, hoping to replic.. | Read..

Boeing to pay $615 m to settle suit

Boeing Co. plans to pay $615 million to settle a US justice department’s suit over procurement.. | Read..

Hummer H1 rides into sunset

Faced with fewer buyers and soaring oil prices, General Motors Corp has decided after a 14-year run.. | Read..

STOCK MARKET

Mutual Funds

CORPORATE BRIEFS

Emami turnover up 37%

Foreign Exchange

US $1 : Rs 45.45	UK £1 : Rs 85.51
Euro : Rs 58.29	Yen 100 : Rs 41.02
HK $1 : Rs 5.75	SW Fr1 : Rs 37.15
Sing $1 : Rs 28.35	Aus $1 : Rs 34.02

Bullion

Bombay
Gold Std (10gm)	Rs. 10315
Gold 22 Carat	Rs. 10265
Silver bar (1kg)	Rs. 20785
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 10455
Gold 22 Carat	Rs. 9870
Silver bar (1kg)	Rs. 20100
Silver Portion	Rs. 20200