The Hindu Business Line : Saturday, December 20, 2003

Funds drive Sensex past 5,500 mark
THE bullish sentiment continued on the bourses with the Sensex crossing another psychological barrier of 5,500 mark on increased buying both from domestic as well as foreign investors. Sensex ended with a gain of 86.35 points (1.58 per cent) to ... More

Banks stay choosy in issuing credit cards
CREDIT cards are being hawked at roadsides, over cell phones and at the offices, but strangely enough banks claim that they reject 45-50 per cent of all applications often leaving the applicant peeved with no specific reason cited for the ... More

Sterling Infotech buys RPG Cellular
THE Sterling Infotech group of Mr C. Sivasankaran today announced that it had bought out the RPG group's 79.24 per cent stake in RPG Cellular Services Ltd. The deal is expected to be worth about Rs 210 crore, although both the groups declined to ... More

CLB suspends Tamilnad Mercantile Bank board
WITH a firm view that it was in public interest to take remedial measures in the matter of Tamilnad Mercantile Bank Ltd (TMB), the Company Law Board (CLB) on Friday ordered suspension of TMB's board of directors with immediate effect. ... More

Will death penalty deter fake drug makers?
WOULD the death penalty for manufacturers of spurious drugs actually work as an effective deterrent or will the issue simply fritter away, since it would be difficult for regulatory, pharma industry and legal representatives to establish intent ... More

Net direct tax collections up 23.5%
NET collection of direct taxes for April 1-December 15, 2003 has increased by Rs 9,178 crore on a year-on-year basis. This represents a 23.5 per cent increase to the net direct taxes collected during April 1-December 15, 2002. While the increase ... More

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