Ministry told to withdraw note on pvt banks' voting rights cap
IN a setback to banking sector reforms, the Ministry of Finance has been asked to withdraw its Cabinet note seeking lifting of the 10-per cent voting rights cap in Indian private sector banks. The note had proposed that voting rights be made ...
`Roadmap for FDI in pvt banks by month-end'
The Finance Minister, Mr P. Chidambaram, has said the blueprint for acquisition of up to 74 per cent equity in Indian private banks by foreign banks will be announced by the month-end. Speaking at the India Economic Summit 2004 here, Mr ...
Ratan Tata to head investment panel
MR Ratan Tata will head the three-member Investment Commission constituted by the UPA Government to woo investments from domestic and foreign business. The other members are the Chairman of ICICI-OneSource, Mr Ashok Ganguly, and the HDFC ...
FMCG majors diversify to stay afloat
THE fast moving consumer goods (FMCG) sector appears to be in the diversification mode. Whether it is DS Group's foray into confectionery, Himalaya Drug Company's foray into baby care products or Marico Industries into functional foods ...
Cos find FD market unattractive
BANKS may have raised interest rates on their deposits, but manufacturing and finance companies are in no hurry to follow suit. Companies, in fact, don't find fixed deposits an attractive source of funds at all. They cost a lot even now (about ...
Sensex to jump or slump: It's anybody's guess!
THE stock market in the last two weeks has been breaching resistances in the key indices and moving northwards on higher liquidity. The momentum has been attracting more money to create a spiral. Now the market has reached a height where a ...
Moving into uncharted area from here on
Still recovering from the dizzying heights that indices moved to, Sridevi manages to log on to chat about the bourses with Khan, Jogin and Dakshinamoorthy. Jump in; more the merrier! Sri: Hi, there! Where's Bull temple ...
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