BSE/NSE,Commodities market to be closed on Maharashtra Day

Monday, May 1, 2006, 22:56 [IST]

Mumbai, Apr 30 (UNI) All the principal markets including the Bombay Stock Exchange(BSE), National Stock Exchange(NSE),RBI, Forex and and call money along with spot and futures in the commodities market like sugar, cotton, oils, metal and bullion will remain officially closed here on Monday for 'Maharashtra day', traders said.

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Century Plyboards net profit up by 42 per cent

Monday, May 1, 2006,22:56 [IST]

Kolkata, Sun 30 (UNI) Leading plywood veneer and laminates manufacturer Century Plyboards (I) Limited posted a 42 per cent jump in net profit at Rs. 11.04 crore in 2005-06 from 7.77 crore in the previous year as the company announced its unaudited financial results for the year ended March 31, 2006. The turnover of the comopany for the year stood at Rs. 27.02 crore compared to Rs. 16.70 crore last year registering a 62 per cent.....

Inflation rises to 3.24 to 3.55 pc

Monday, May 1, 2006,22:57 [IST]

Mumbai, May 01 (UNI) Inflation rose to 3.55 per cent for the week ended April 15, from 3.24 per cent in the previous week mainly due to costlier manufactured and non-food items. Wholesale prices rose by 3.55 per cent as besides manufactured and non-food items, aviation fuel also became costlier; but inflation was lower than 5.91 per cent in the year ago period, according to a data released by the Government. Wholesale Price.....

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Banking industry looking for SEZs to boost credit

Monday, May 1, 2006,22:57 [IST]

New Delhi, May 1 (UNI) Notwithstanding the tight liquidity situation and the emerging sellers' market, the banking industry is looking for its next wave of credit growth from special economic zones (SEZs). More than 50 per cent of the non-farm credit would be directed towards these zones. ''Once activities get started at the proposed SEZs, credit demand and disbursement would see an impressive growth,'' official sources said today. As many as 117 SEZs have been given.....

As heat rises, power demand touches 3240 MW, highest this season

Monday, May 1, 2006,22:57 [IST]

New Delhi, May 1 (UNI) As the mercury continues its upwards movement, so do the power demands of the capital which today touched 3240 MW during the peak period, the highest of this season. With the power demand already reaching the 3240 MW mark, Delhi Transco sources say that the demand during the peak Summer season could easily cross last year's maximum demand of 3626 MW experienced on June 23 last year. Though the Delhi Transco.....

Sena urges Centre to restore sugar dealer licensing to check prices

Monday, May 1, 2006,22:57 [IST]

Chandigarh, May 1 (UNI) The Shiv Sena today urged the Centre to restore sugar dealer licensing, so as to get control on hording and subsequent artificial shortage of sugar. Addressing a press conference here, Shiv Sena leader K L Gidwani said, '' The forward trading of sugar on NCDEX allows parties to hold any desired amount of stock for as long as he wishes. Thus, private parties with deep pockets horde the prices of essential.....