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Monday, January 24, 2005

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New autonomy package for PSU banks on cards — Exercise to depend on good corporate governance practices
The freedom on branch opening will come as major relief to banks since, currently, they have to hold a valid licence from the RBI before expanding their network. More

Investments in Reliance Info: Anil seeks details of legal opinion
MR Anil Ambani, Vice-Chairman and Managing Director, Reliance Industries Ltd, is understood to have sought details of the legal opinion claimed to have been obtained on RIL's investments in Reliance Infocomm (RIC). A member of RIL's corporate ... More

FMCG firms find novel ways to cut costs, maintain prices
THE fast moving consumer goods (FMCG) sector is gearing up for price corrections once again. But, instead of a direct price increase, it has adopted novel ways to pass the spiralling input cost to the consumer. Some companies have decided to do ... More

Pharma retailers threaten to stop stocking psychotropic medicines — Allege harassment under narcotic drugs Act
WHEN a cough syrup, for instance, is used "to get a high" rather than for medical reasons, the line gets blurred between medicines and intoxicants. And the issue is set to flare up in the face of consumers, come February. Chemists across the ... More

Those who know when they have enough are rich
On one side the FM is angry about poor corporate governance, while on the other the PM is asking everybody to emulate the Chinese model. Not knowing which way to go, Dakshinamoorthy landed up at the PC to chat about markets with Khan, Sridevi ... More

ONGC to commission its first retail outlet in Mangalore soon
OIL and Natural Gas Corporation (ONGC) Ltd will commission its first retail outlet in the country in Mangalore. Speaking to presspersons on the sidelines of the first `ONGC International Kite Festival' at Panambur Beach near here on Sunday, ... More

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