The Hindu Business Line : Wednesday, December 24, 2003

CCD okays sale of 10% equity each in ONGC, GAIL
THE Cabinet Committee on Disinvestment (CCD) has approved the sale of 10 per cent of the total equity in ONGC and GAIL through domestic offering. Briefing reporters after the CCD meeting on Tuesday, Mr Arun Shourie, Disinvestment Minister, ... More

Cellular operators may withdraw WLL case
THE Cellular Operators Association of India is likely to withdraw the WLL case from the Supreme Court in the wake of the Government working out a financial package for the cellular industry. The association held an emergency meeting today on ... More

UTI MF plans to launch six sector funds
UTI Mutual Fund today announced it has sought the regulator's permission to launch six sector funds. Pledging to position UTI MF as the "preferred investment fund of the average Indian investor", its Chairman, Mr M. Damodaran, told newspersons ... More

Honchos join bull party
WHEN the going at the stock market gets good, it's not the small-time retail investor alone who goes laughing all the way to the bank. A look at the corporate announcements put out on the NSE's Web site shows that quite a few personnel from the ... More

Full float only after fiscal deficit improves: Jaswant
THE Finance Minister, Mr Jaswant Singh, has reiterated that full convertibility of the rupee would have to wait till the Government's fiscal position registers fundamental improvement and inflation is under full control. Virtually echoing the ... More

RBI raises ceiling on miscellaneous forex remittances
TO make foreign exchange more easily available to residents without documentation, the Reserve Bank of India has on Tuesday revised the ceiling for miscellaneous foreign exchange remittances from $500 to $5,000 with immediate effect. In a ... More

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