The Telegraph - Calcutta : Business

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| Tuesday, May 23, 2006 |

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Custodians in bailout bid

The two regulators ? Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) ? came together in a rescue mission to calm thousands of anxious nerves and prevent further investor panic when stocks were falling like ninepins. ... | Read..

Grown-ups queer pitch for new kids

The stock market carnage may rip apart ambitions nursed by initial public offers (IPOs). ... | Read..

FM’s advice: Stay invested

Finance minister P. Chidambaram and his team today slipped into damage control mode to try talk up the falling market. ... | Read..

Institutions move in

Not just P. Chidambaram and the watchdogs, the sensex also owes it to domestic financial institutions and mutual funds for t ... | Read..

Markets go topsy-turvy, all over the world

Tumbling prices for copper, gold, oil and other commodities rattled global financial markets on Monday, sending equity index ... | Read..

Stay in touch: KDDI Corp?s new Walkman brand music phone (right) and water and impact resistant phone were unveiled in Tokyo on Monday. Japan?s second ... | Read

Videocon close to twin deals
Videocon Industries is close to acquiring the US-based Polaroid and Korean Daweoo Electronics. .. | Read..

Srei fourth-quarter earnings swell 56%
Srei Infrastructure Finance Ltd today reported a 56.27 per cent increase in net profit for the .. | Read..

After petrol, RIL ups diesel price

Reliance Industries today raised diesel prices by Rs 2 per litre. It had hiked petrol prices on.. | Read..

Fuel rate hike by month-end

The government is likely to take a decision on revising fuel prices by the end of this month, petro.. | Read..

Tata group firm in Lanka JV

Tata International Limited (TIL) today announced setting up a joint venture with Dutch Lanka Tr.. | Read..

Bajaj Allianz charts growth strategy

Bajaj Allianz Life Insurance Co is planning another round of capital infusion in September. Baj.. | Read..

High-level meet to iron out pipeline glitches

Senior petroleum ministry officials of India, Pakistan and Iran today held talks on pricing, trilat.. | Read..

New EMC offices to widen reach

In a move to expand its market reach in India, information and storage management vendor EMC Co.. | Read..

Bill to set up jute board

The government today introduced a bill in Lok Sabha to set up a national jute board by merging Jute.. | Read..

AROUND THE GLOBE

NYSE bids $10bn for Euronext

The New York Stock Exchange unveiled an 8-billion euro ($10.2 billion) share and cash bid for Euron.. | Read..

Wal-Mart set to exit South Korea

Wal-Mart Stores Inc is selling its loss-making South Korean stores to Shinsegae Co Ltd for $882 mil.. | Read..

French bank close to UK buy

French bank Credit Agricole said it was considering making a takeover bid for UK bank Alliance &.. | Read..

Vodafone to shelve Arcor selloff plan

Arun Sarin, the head of Vodafone, is preparing to shelve the sale of Arcor, the group’s 1 .. | Read..

US rate hikes to continue

The Federal Reserve may need to continue raising interest rates depending upon how economic conditi.. | Read..

STOCK MARKET

Foreign Exchange

US $1 : Rs 45.57	UK £1 : Rs 85.49
Euro : Rs 58.19	Yen 100 : Rs 40.52
HK $1 : Rs 5.08	SW Fr1 : Rs 36.09
Sing $1 : Rs 28.25	Aus $1 : Rs 33.75

Bullion

Bombay
Gold Std (10gm)	Rs. 9635
Gold 22 Carat	Rs. 9580
Silver bar (1kg)	Rs. 18880
Silver Portion	NA
Calcutta
Gold Std (10gm)	Rs. 9770
Gold 22 Carat	Rs. 9225
Silver bar (1kg)	Rs. 18400
Silver Portion	Rs. 18500