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Monday, December 27, 2004

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Tidal waves wreak havoc along coastal areas — Over 2,000 feared dead; huge losses to property
MORE than 2,000 people across the country were feared dead and several hundred more missing as tidal waves lashed the coastal parts of the country. The damage was severe in Tamil Nadu, Kerala and Andhra Pradesh. The tidal waves, a result of ... More

Over 80 killed in Kerala, 61 in AP
OVER 80 people were killed and many more injured as a tsunami triggered by the earthquake in Indonesia swamped large stretches Kerala's coastline this morning. Official figures put the number of deaths at 89, but the death toll may rise, say ... More

Tsunami paralyses port operations — Three ships collide
THE Chennai Port has been affected the most by the tidal waves that lashed the East coast this morning, with some damage to port installations in Tuticorin and Port Blair also. Operations at the Chennai Port have been suspended for the next two ... More

`Involuntary' bank mergers to get tax breaks
BANKING companies that are compelled to undertake `involuntary' amalgamation transactions need not henceforth worry about their eligibility for tax breaks available under the Income-Tax Act for set off and carry forward of losses of the ... More

Reliance Energy to buy back shares for Rs 525
RELIANCE Energy Ltd has said that it will buy back its shares for a maximum price of Rs 525 per share. The aggregate amount set aside for this share buyback programme is Rs 350 crore, the company said on Sunday. Last week, the company had ... More

Buoyant market delivers windfall for India Inc
IS the Indian stock market beginning to factor in the true worth of investment portfolios of listed companies? It would seem so if the strong price performance of stocks such as Mather & Platt, Kojam Finvest, UB Holdings and Eicher is anything . More

Reliance proposal may set the tone
The expiry of derivatives contract on Thursday is another crucial event for the market. More

Online trading on RTGS from today — Primary Dealers worried over locking up securities
PRIMARY dealers in government securities are jittery about starting online-trading on the Real Time Gross Settlement System (RTGS) from Monday. Under RTGS, trading and settlement takes place on-line, which is considered a faster and more ... More




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