The Hindu Business Line : Monday, March 21, 2005

US insensitivity
I AM not going into the diplomatic contretemps over the refusal of visa by the US to the Chief Minister of Gujarat, Mr Narendra Modi. We can safely leave it to the Prime Minister, Dr Manmohan Singh, to handle that with ... More

WIDE CANVAS

Tight oil position ahead?
An increase in domestic oil prices would severely affect economic operations, as higher running costs would translate into higher road freight rates, which will be passed on to the consumer. Even if the Government were to oblige the oil companies by raising prices, the latter would still be financially badly off following the changes made in the 2005-2006 Union Budget. More

ON THE MOVE

Addressing ground realities of budget air-travel
ACCORDING to reports the Civil Aviation Ministry is planning to set up a separate terminal for low-cost carriers at the Delhi airport, and at the Mumbai terminal efforts are on to create more space for these carriers by ... More

A RINGSIDE VIEW

Clouds of negatives darken sentiment
Fancy valuation or so-called growth discounting and the value discoveries may come to an abrupt halt and are unlikely to resume in April. More

MUTUAL CONFIDENCE

`Churning for short-term hits long-term investors'
IT is not every day that the head of an insurance company, despite the seemingly competing unit-linked products that he offers, assesses mutual funds in a constructive manner. So when Mr Stuart Purdy, MD of Aviva, argues that MFs actually have a ... More

ADR WATCH

ICICI Bank in limelight
SHARP surge in oil prices, which climbed to a record close of $56.72 a barrel in New York, and disappointing forecast from auto major, General Motor Corp, weakened the US markets. The Dow Jones Industrial Average fell 1.3 per cent to 10,629.67 ... More

VISION 2020

Why we must aim for Golden Cities
The poor, like Oliver, ask for more; the rich will ask for something better. Our new Vision should be for better quality, not larger quantity. What India needs is not merely more urban development but quantity combined with quality. On that score, th e Budget's contribution has been but marginal, says P. V. Indiresan. More

ERRORS & OMISSIONS EXPECTED

What a yaaawn, Mr Chairman!
ONE of the two changes that Warren Buffett has made for this year's annual meeting of Berkshire Hathaway relates to a common problem: Boredom. It seems many shareholders complained last year "about the time consumed by two speakers who ... More

MARK TO MARKET

Discount offers and investors' memory
ING Vysya, Karnataka Bank and Punjab National Bank have offered shares at a considerable discount to the market price. The list of companies issuing shares at a discount could well expand, as many have lined up ... More

AMERICAN PERISCOPE

`Work to live' is more their motto
AS I move around Paris, the banners in the streets proclaim support for the city's bid to host the 2012 Olympics. Even the Eiffel Tower has a sign that says `Paris 2012, Ville Candidate' followed by the five ... More

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