Financial Daily from THE HINDU group of publications
Tuesday, December 09, 2003
Markets (Dec. 8)
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`Give foreign airlines 49% stake' — Naresh Chandra panel moots opening up aviation sector
IN a major boost to the domestic civil aviation sector, the Naresh Chandra Committee has recommended that foreign airlines be allowed to pick up a 49 per cent equity stake in the domestic and international scheduled air transport services with ... More

Zee arms may be merged with parent
A merger of ETC Networks with ZTL is also likely but the officials did not confirm this possibility. More

Singapore bank `in talks' for GTB stake
DEVELOPMENT Bank of Singapore (DBS) is learnt to have been at an advanced stage of discussions with the Global Trust Bank (GTB) to pick up 49 per cent equity holding. The Singapore-based bank is also said to have initiated the process of due ... More

Promoting anti-cancer drug for treating infertility — Govt issues warning to Sun Pharma, Dabur
SUN Pharmaceuticals and Dabur (India) Ltd have been issued "serious warnings" by the Government to refrain from promoting off-label use of oral anti-cancer drug, Letrozole, for the treatment of infertility. The Union Health Minister, Ms Sushma ... More

Dabur set to withdraw Foliripe
WITH its Letrozole coming under the scanner, Dabur is set to withdraw one of its brands of Letrozole - Foliripe - industry sources told Business Line. Dabur sells Letrozole under the Trozet and Foliripe brand names. Trozet is ... More

Students abroad to get NRI status
INDIAN students studying abroad will henceforth be treated as NRIs under the Foreign Exchange Management Act. A Reserve Bank of India (RBI) release said that as non-residents, students will be eligible for receiving remittances from India up to ... More

Rs 100/t cess on polymer proposed — Draft petrochem policy moots synthetic fibres under TUFS
THE draft `National Policy on Petrochemicals' has proposed to levy a cess of Rs 100 per tonne on polymer produced or imported into the country to mobilise funds for setting up a Plastic Technology Upgradation Fund (PTUF). Apart from suggesting ... More


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