The Hindu Business Line : Wednesday, March 09, 2005

NTPC likely to bid for gas blocks under fifth round
The 20 blocks on offer comprise six deep-water, two shallow-water and 12 on-land blocks covering a sedimentary area of around 1,09,210 sq km. More

Sensex closes above 6,900
THE bullish sentiment continued on the stock market for the fourth day in a row with major stock indices closing at all time highs. The Sensex closed at 6,915.06. The market opened steady, but slipped into the red for a brief period before ... More

It's advantage corporates on bank deposit arbitrage
Corporates, for their part, have been quick to seize the opportunity to mint arbitrage money. More

Ailing IIBI may be merged with IDBI next fiscal
WHILE the Government continues to dither over the roadmap for IFCI, the fate of another ailing financial institution - the Industrial Investment Bank of India (IIBI) - is now sealed. The Ministry of Finance has taken a decision that ... More

FMCG cos change distribution tack to woo consumers
Emami Ltd has tied up with the Post and Telegraph Department to place its products across 5,000 post offices. The pilot project has been initiated in Maharashtra. More

Holcim open offer for ACC delayed
HOLCIM'S open offer for ACC shares will not start on Wednesday as scheduled, because the Swiss major is still awaiting approval from the Securities and Exchange Board of India, not to mention the green signal from the Cabinet Committee on ... More

Govt may hike crude soya oil tariff value
THE Union Government is considering a review of its decision to cut the tariff value of imported crude soyabean oil to $485 a tonne from $565. It is likely to hike the value in tune with the prevailing global prices, according to sources. The ... More