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Wednesday, June 23, 2004

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Banks finalising schemes to implement farm package
COMMERCIAL banks have agreed to meet the farm lending target set by the Finance Minister. They are in the process of finalising specific schemes to help distressed farmers. These schemes will be announced in a week, said Mr V. Leeladhar, ... More

Rupee hits 11-month low; bonds crash
THE ongoing turmoil in the domestic financial markets deepened on Tuesday over apprehensions of a global hardening in interest rates and rising demand for the greenback in the wake of lower trade flows. While the rupee tumbled to an 11-month ... More

ISRO, Boeing in talks to make satellites for global markets
THIS could be an early sign of the US and India "giving each other space" as the US Ambassador put it. Boeing Satellite Systems and ISRO are in talks for manufacturing and marketing 2-tonne communications satellites for the global market. The ... More

Subsidy payouts, weak dollar drive down ONGC net 18 pc
OIL and Natural Gas Corporation has recorded a net profit of Rs 8,664 crore on a sales revenue of Rs 32,180 crore during fiscal 2003-04. During the previous year, the corporation recorded a net profit of Rs 10,529.33 crore on a turnover of Rs ... More

TRAI mulls 63-75 pc cut in leased line tariffs
IN a bid to make bandwidth cheaper, the Telecom Regulatory Authority of India (TRAI) has proposed a 63-75 per cent reduction in domestic leased line tariffs. As per the TRAI proposal made in its consultation paper for revising the domestic ... More

Electrolux to invest in R&D centre — To source IT services, components from India
CONFIDENT that its Indian arm, Electrolux Kelvinator Ltd (EKL), will be able to break even by the end of next year, Swedish major AB Electrolux has chalked out strategies for greater integration of its activities in India with its global ... More

460 tech firms out of Hyderabad software park list
`We are not too worried about this development. Such churning is good for the industry and more serious players would now be left in the fray.' More

FT picks up 13.85 pc in Business Standard
AN 11-year partnership between the Financial Times and Business Standard was formalised today with a stock-holding deal, in which FT picked up 13.85 per cent stake in BS for Rs 14.1 crore. This, according to Mr David ... More




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