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Sugar prices rise further

Mumbai, Feb 28 (UNI) Sugar prices rose further on better buying support, Bombay Sugar Merchants' Association traders said today.

Sugar in small and medium grade went up by Rs 21 and Rs 24 per quintal on improved demand.

Sugar in ex-mill small and medium grades shot by Rs 20 each per quintal due to reduced stocks supply.

Following were the spot wholesale rates per quintal: Small grade: Rs 1,440/1,465, Medium grade: Rs 1,464/1,540, Ex-mill: Small grade: Rs 1,430/1,450, Medium grade: Rs 1,465/1,485.

UNI

IPCL to merge with Reliance Industries

Mumbai, Mar 07 (UNI) Reliance Industries Ltd (RIL), controlled by Mukesh Ambani, is all set merge one of its group company Indian Petrochemicals Corporation Ltd(IPCL) with it. Indicating this in a notice to BSE, the company said it has convened a board meeting on March 10, 2007 to consider and recommend the merger of IPCL with the RIL. RIL scrip today ended at Rs 1289.35, a fall of Rs 10.35 from the previous closing. UNI.....

Erstwhile PSU IPCL to merge with Reliance Ind

Ahmedabad, Mar 7 (UNI) Reliance Industries Ltd (RIL), controlled by Mukesh Ambani, is all set merge the erstwhile Public Sector company Indian Petrochemicals Corporation Ltd(IPCL), which the Reliance had bought as the strategic partener in 2002 by acquiring 26 per cent equity from the Union government. The company has sent a notice to the Bombay and National stock exchanges, stating that the board of directors will meet on March 10 to consider the merger of IPCL with the RIL. The merger.....

Call money closes flat at 5.40-5.60 pc

Mumbai, Mar 13 (UNI) Call money rates continued to trade soft and closed unchanged at 5.40-5.60 per cent from it last close, traders said. For the second straight day, the LAF reverse repo numbers topped Rs 30,000 crore which is more than the estimated outflows owing to the advance taxes. As a result, call rates continued to trade on the lower side despite yesterday's state loan auction and the MSS bond auction to be held later today. The 1-day.....
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