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Thursday, April 29, 2004

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IOC board clears IBP merger plan — Mulls setting up exploration co
INDIAN Oil Corporation Ltd (IOC), the State-owned petroleum refining and marketing major, plans to merge with itself its subsidiary, IBP Ltd, and also set up a new exploration company with a war chest of $2 billion. The IOC board met here on ... More

It's bye to tobacco ads in two days
... but picture on surrogates still smoky

TOBACCO advertising is dead... , long live tobacco advertising may end up being the reality of the ban that comes into effect on May 1. In-your-face hoardings on a Marlboro or a Four Square, for instance, will go down in a couple of days. But ... More

Natural rubber imports
Bombay HC scraps Ceat petition on port curbs

IN a setback of sorts for the domestic tyre industry, the Bombay High Court has dismissed the writ petition filed by Ceat Ltd seeking the removal of mandatory port restrictions imposed by the Union Government on imports of natural rubber. The ... More

Made in India, mobile MNCs' new call
LARA Croft in Tomb Raider may not cut much ice with your cell-phone toting neighbourhood delivery boy even if his handset were to sport it. To the growing tribe of Indian mobile phone users, playing `Makhan Chor' on the mobile would make ... More

Stocks rally, draw a little comfort from rollovers
STOCK markets regained their composure on Wednesday after the 213-point plunge drawing comfort mainly from rollovers of positions in the futures and options market. The 30-share BSE Sensex opened firm and rose about 35 points in early trade ... More

India corners 45% of FII flows into Asia in a week
INDIA attracted nearly 45 per cent of all foreign fund flows into Asia, excluding Japan, during the week up to April 21. According to latest data published by EmergingPortfolio.com Fund Research, a firm that tracks about $2.5 trillion in assets ... More

ADB predicts buoyant trend in Indian economy
"The outlook for India is pretty buoyant as the Indian economy would be able to sustain over 7 per cent growth in the next two years as well.'' More

SEBI issues clarification on straight through processing
THE Securities and Exchanges Board of India has clarified on the procedure for Straight Through Processing (STP), which has been made mandatory for all institutional trades from July 1, 2004. SEBI flowchart details that an STP user intending to ... More




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