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Friday, April 29, 2005

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RBI hikes reverse repo rate to absorb excess liquidity — Alert sounded on rate front
INTEREST rates across bank loan products are set to rise. The economy was placed on alert on Thursday by the Reserve Bank of India when it marked up the reverse repo by 25 basis points to five per cent, while leaving the Bank Rate and CRR ... More

Tribunal quashes bandwidth price cut — `TRAI has violated principles of natural justice'
THE Telecom Dispute Settlement Appellate Tribunal (TDSAT) on Thursday quashed the Telecom Regulatory Authority of India's (TRAI) order to reduce international bandwidth tariff by 70 per cent. The decision comes as a relief to Videsh Sanchar ... More

What is stalling Kamath plan for Ambanis?
THE settlement of the family dispute between the Ambani brothers hinges on whether there should be a cash component to the Anil Ambani's share, over and above the management of a clutch of the Group companies that he would get, say sources privy ... More

VAT uncertainty, US ruling drive down Ranbaxy's Q1 net by 63%
UNCERTAINTY over the implementation of value-added tax (VAT), the withdrawal of Quinapril (for blood pressure) due to a US District Court ruling and pricing pressure in the US market have taken a toll on Ranbaxy Laboratories Ltd. For the ... More

RBI takes note of small depositors!
FOR Indian banks an ordinary depositor is an unwanted small change. One has spent time behind counters of the Government banks with the staff on the other side of the glass partition busy chatting or sipping tea. One confesses to nervy sweating ... More

Banking stocks shed considerable value
MARKETS ended on neutral territory for the day, with the BSE Sensex putting on just five points at 6284 and the Nifty adding 6 points at 1941 points. Mid-cap stocks seem to underperform the index heavyweights, with both the BSE Midcap Index ... More

Indian soldier gets dressed to kill
THE Indian soldier is in for a makeover. He will soon be equipped with the best weaponry, communications systems and protective clothing that will have smart sensors embedded. The effort is to prepare him to be fighting fit, fully geared and ... More



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