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Govt to cut DEPB rates for steel again
IN a move that will dampen steel exports, the Government has decided to further reduce the rates of Duty Entitlement Pass Book (DEPB) scheme applicable for steel. The DEPB scheme allows exporters to get benefit against the export value. This ...
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BSNL, MTNL yet to get full-time heads
BSNL and MTNL are yet to get a full-time Chairman and continue to be saddled with senior officials who are keeping the seat warm until the Government finally makes up its mind. While Mr Prithipal Singh retired as Chairman and Managing Director ...
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Sharp dip in disinvestment cos' stocks
SHARE prices of companies lined up for disinvestment have declined sharply from their yearly highs, contrary to the share movement in the earlier disinvestment process. Brokers said the decline in share value this time around was on account of ...
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Gelli plans Rs 100-cr `turnaround fund' — To help entrepreneurs revive their projects
GENUINE entrepreneurs caught up in financial mess owing to factors well beyond their control and desperately looking for a helping hand to turn around their enterprises can soon expect to get a major fillip if the `Turnaround Fund' being planned ...
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Strike affects RBI clearing operations
THE Reserve Bank of India's clearing operations were disrupted as a result of the nationwide bank strike observed on Tuesday. Thirty-three banks out of the 113 members of RBI's clearing house refused to participate in clearing operations on ...
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CMC: Avoid
INVESTORS may avoid subscribing to the sale of shares made by the Government in CMC at the floor price of Rs 475 per share. At 20 times its annualised 2003-04 earnings, the stock's valuation is stiff. To sustain the existing market ...
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IBP: Avoid
INVESTORS can give this offer the go by. IBP is certainly a fundamentally strong company with good prospects going ahead but the stock appears fully priced even at the floor price of Rs 620 per share, leaving limited scope for appreciation. There ...
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Ministry may denotify CAS
THE Information and Broadcasting (I&B) Ministry is likely to back the recommendation made by the broadcast regulator, the Telecom Regulatory Authority of India (TRAI) on deferring the implementation of the conditional access system (CAS) in ...
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Jet, Sahara can fly from Lanka to any SAARC country
THERE is more good news for the two private sector domestic scheduled airlines. The Government has said it has "no objections" to the two airlines - Jet Airways and Air Sahara - flying to any other country within the SAARC (South Asian ...
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