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Wednesday, March 16, 2005

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EPFO panel opposes investment in equities
THE Finance and Investment Committee of the Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation has taken a view against investment of EPFO funds in equities. The issue had come up before the committee as a fallout of ... More

Govt examining Reliance Info share deals: Chidambaram
THE Union Government on Tuesday said that it was examining whether any law had been violated by Reliance Infocomm in allocating one crore shares to three unlisted firms at the rate of Re 1 per share. Replying to a supplementary question in the ... More

Sensex down 57 on profit booking
AFTER blazing for weeks, bourses have taken a pause with the indices closing in the red for the third consecutive day on Tuesday. Market participants attribute the slump to profit booking by domestic investors. Rising crude prices and tepid ... More

Car sales down in Feb, but Tatas buck the trend
EXPECTATIONS of an excise duty cut on cars in the Union Budget resulted in a 4.2 per cent drop in passenger car sales during February 2005. Customers postponed their purchases in the month expecting a reduction in prices following the duty ... More

`Indian stock markets attractive for foreign investors'
INDIAN stock markets are still attractive for foreign investors, according to Mr Alan Jacobs, Senior International Economist and Strategist, AMP Capital, Australia. In a presentation to journalists of The Hindu group, Mr Jacobs said ... More

30% of mobile users look for better operators: IDC
DESPITE doling out low tariffs and feature-rich value added services, mobile operators may have to do a lot more to keep subscribers within their fold. Thirty per cent of mobile subscribers are likely to shift to an operator offering better ... More

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