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Friday, July 16, 2004

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Bonds plunge on all-round pressure — 10-year benchmark yield inches up to six per cent
FEARS of higher inflation figures and concerns about transaction tax dragged bond prices sharply on Thursday. The 10-year benchmark yield inched up to six per cent on Thursday, led by a crash of around 80 paise in bond prices across ... More

Emerging Markets acquires 5.6 pc stake in Birla Corp
EVEN as the controversy over the will of Priyamvada's Birla continues, Emerging Markets Management, LLC has taken over 5 per cent stake in MP Birla group company Birla Corporation. In a notice to stock exchanges, Birla Corporation informed that ... More

`Birlas hold over 60 pc in Pilani Investment'
THE Birlas are not unduly worried, at least immediately, over the prospect of Mr R.S. Lodha acquiring the M.P. Birla Group's stake in Pilani Investment & Industries Corporation Ltd, the investment arm of the Birla family, according to sources .. More

Legal heir issue may open pandora's box
THE stand of the Birlas that the ownership of the companies under the MP Birla Group should go to the legal heir of Priyamvada Birla, and not to Mr R.S. Lodha, who is not a member of the Birla clan, if taken to its logical conclusion, may open ... More

Removal of additional excise — Textiles sector could attract Rs 60,000-cr investments: Vaghela
THE Budget proposals that do away with additional excise duty on textiles, besides giving textile units the option to choose the excise exemption route, could see investments of around Rs 60,000 crore flow into the sector over the next five ... More

Exporters may get rebate on education cess
EXPORTERS may have some good news coming their way. The Central Board of Excise & Customs (CBEC) intends to rebate the education cess payable by the exporters on their inputs or finished goods to ensure that taxes are not exported from the ... More

DD acquires Olympics rights for Rs 24 cr — Expects only Rs 10-cr revenue
THE forthcoming Athens Summer Olympic Games may be a huge media event for broadcasters in the West, but in India this event is just not generating revenues for the Government-owned Doordarshan. So even as the public broadcaster acquired the ... More

Getting the `right mix' of customers
WHILE the wireless GSM operators are chasing their pre-paid customers, trying to bait them with many a juicy post-paid scheme, Reliance Infocomm the largest wireless CDMA player has been offering its customers a scheme for shifting to pre-paid ... More

National ID cards may be issued by Dec-end
THE Government plans to issue the first set of cards under the Multipurpose National Identity Card by December-end. Besides establishing the identity of the card-holder, it would also enable the person to avail themselves of civic services. ... More




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