The Hindu Business Line : Sunday, February 20, 2005

Arunachal hydel project may be scaled down on Chinese concern
THE ambitious 11,000-MW Siang Upper project — which would have been the country's largest power project and the world's third largest — is likely to be scaled down to around 5,000 MW, mainly due to environmental concerns raised by ... More

IndoNext gets off to a good start
BSE IndoNext, a joint initiative of the Bombay Stock Exchange and regional stock exchanges, has got off to a good start. Trading volumes in 505 stocks listed on the IndoNext trading platform have increased and so have the stock prices. Trading ... More

FIPB asks ICICI Bank to reduce size of ADS offering
THE Foreign Investment Promotion Board (FIPB) has directed ICICI Bank to limit its sponsored American depository shares (ADS) offering to the available headroom of 3.29 per cent of the bank's paid-up share capital. This brings down the bank's ... More

Jewellery exporters get more time to repay loans against gold
EXPORTERS of jewellery have been provided with some flexibility in terms of the pricing of gold and an extended period for the repayment of loans against gold. In a circular to all commercial banks, the Reserve Bank of India has said that the ... More

Oriental Bank's second public issue gets Govt nod
ORIENTAL Bank of Commerce (OBC) has received the Government's nod for tapping the capital market with its second public issue. The bank had its initial public offering (IPO) in the year 1994 and mopped up Rs 387.24 crore by issuing equity ... More

HM board approves stake sale to Actis in components biz
HINDUSTAN Motors Ltd, a CK Birla group company, on Saturday approved the proposal to hive off its component business, comprising the Hosur and Pithampur units, into its subsidiary A VTEC Ltd, and invited Actis Capital LLP, through its investment ... More

Forex reserves rise $1.06 b
THE country's foreign exchange reserves moved up by $1.06 billion during the week ended February 11, taking the total reserves to $129.980 billion from $128.914 billion in the previous week, as per the latest RBI statistics. The rise in ... More

Soft drink majors gear up to beat the heat
THE coming summer season could be `do or die' for the soft drink industry. Hence, it is leaving no stone unturned while gearing up for the peak season from March to October. Despite increasing prices in the second half of last year, Coca-Cola ... More