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Friday, November 05, 2004

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Essar Shipping to sell 5 tankers for Rs 1,150 cr
IN a move that took the Indian shipping industry by surprise, Essar Shipping Ltd (ESL) has decided to sell its fleet of five Suezmax tankers to a Greek company for a deal worth Rs 1,150 crore. Following the sale, Essar would be left with a ... More

LPG to cost more; petrol dearer by Rs 2.20, diesel Rs 2.10
THE UPA Government has decided to increase the prices of petrol, diesel and LPG from midnight tonight. While the price of LPG is to be increased by Rs 20 per cylinder with immediate effect and subsequently by Rs 5 each month, the new prices of ... More

CalPERS eyeing investments in real estate in India
"Though CalPERS does not want to be the most significant player in the equity market, it is looking at opportunities to augment its investments in private equity and real estate." More

India Inc hails Bush victory
INDIA Inc expects Mr George W. Bush's second innings as the President of the US to further improve Indo-US economic relations. Mr Y. K. Modi, President, Federation of Indian Chambers of Commerce and Industry (FICCI), said that with this, the ... More

Ashok Leyland mulls further capacity expansion
ASHOK Leyland is mulling the expansion ofits facilities even beyond the 75,000 units that its ongoing expansion programme will take its capacity to. Post 2005, the company may begin another project to increase its capacity to one lakh ... More

Seven-year long legal battle over ESI cover before apex court
EVEN as the Government is making efforts to strengthen the Employees' State Insurance Corporation (ESIC), employees of a large number of big corporates as well as a few public sector enterprises (PSEs) want to opt out of its health scheme cover. ... More

Will single regulator for commodity, equity markets work?
THE Finance Minister, Mr P. Chidambaram's statement last Friday during the NSE function in Mumbai that the Government would soon move towards having a single regulator for equity and commodity markets has, as expected, created a flutter among ... More

CPI (M) flays move to allow foreign banks to acquire shares
THE CPI (M) Polit Bureau Member, Mr Prakash Karat, has criticised the recent statement of the Union Finance Minister, Mr P. Chidambaram, where the latter had said that the Government is open to allowing acquisition of shares - up to 10 per ... More




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