The Hindu Business Line : Thursday, February 10, 2005

Cabinet nod for Oil Ministry to negotiate gas pipelines
THE Union Cabinet has authorised the Petroleum Ministry to negotiate directly with Iran, Pakistan, Bangladesh and other countries for facilitating the laying of transnational pipelines for import of natural gas to India. "It will significantly ... More

Big 4 bid for rural phone project under universal services obligation
THE big four telecom players — Bharat Sanchar Nigam Ltd, Reliance Infocomm, Bharti Tele-Ventures and Tata Teleservices — have bid for the Government-sponsored Rs 8,000-crore plan to provide six million fixed line telephones in rural ... More

Siemens to expand operations, raise headcount by 1,000
SIEMENS Ltd is expanding workforce (software engineers and scientists) at its facility in Bangalore from 3,000 to 4,000, this year, Mr Heinrich v. Pierer, Chairman of supervisory board, Siemens AG, said here today while delivering the keynote ... More

Bajaj Auto moves court against winding up of UTI scheme
BAJAJ Auto Ltd (BAL) has sought court intervention to restrain Unit Trust of India (UTI) from winding up the UTI Growth & Value Fund-Bonus Plan. UTI wound up the scheme on January 31, as it failed to comply with relevant SEBI norms. In a ... More

IT growth sustainable, says Premji
In Mr Premji's view, cultural enablers will hold the key to India's sustained growth. More

Sustained institutional buying lends support
THE consolidation and correction mode in the stock markets was broken on Wednesday and the markets witnessed a healthy, positive mid-week session. The fairly strong showing of the major indices comes after two consecutive sessions drifting ... More

Vascular Concepts' stent undergoing clinical trials
AWAY from the global attention on Indian drug companies, fledgling Bangalore-based medical devices company Vascular Concepts is undertaking the clinical trial of its innovative stent, coated with a combination of two drugs. The Rs 35-crore ... More

Bailout package to meet shortfall — New mechanism needed to enable EPFO to accept funds from Govt
A NEW technical problem has cropped up in paying 9.5 per cent interest to the subscribers of Employees' Provident Fund Organisation (EPFO) for the current financial year since the EPF Act does not permit the organisation to accept funds from any ... More

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