Financial Daily from THE HINDU group of publications
Wednesday, May 04, 2005

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Bt cotton allowed in some States, not in AP
THE Genetic Engineering Approval Committee (GEAC) on Tuesday renewed its permission for Maharashtra Hybrid Seeds Company (Mahyco) to market its three varieties of Bt Cotton hybrids - MECH-12Bt, MECH-162Bt and MECH 184Bt - containing Cry 1 ... More

50 pc of farm households indebted: Survey
CLOSE to 50 per cent of the farmer households in the country are indebted, a survey on indebtedness of farmer households carried out by the National Sample Survey Organisation (NSSO) has revealed. The organisation's `Situation Assessment Survey ... More

NCDEX launches agri index
The index acts as a barometer of the underlying (agri) sector's performance. It also indicates the relative performance of the sector vis--vis the reference period and acts as a powerful information tool and benchmark for investment performance. More

Banks to float company for new settlement system
ALL banking transactions in the four metros - Mumbai, Delhi, Kolkata and Chennai - will be cleared and settled under the proposed National Settlement System (NSS) by December. The NSS will function under a limited company owned and ... More

BSNL plans undersea cable to Singapore
TO expand its international long distance (ILD) business, Bharat Sanchar Nigam Ltd (BSNL) is planning to lay an undersea cable connecting Port Blair to Singapore. This will be the second undersea cable project that BSNL would be undertaking ... More

MSEB, Maharashtra asked to pay $125 m to GE, Bechtel
IN a significant judgment today, the International Arbitration Tribunal asked the Maharashtra State Electricity Board (MSEB) and the Maharashtra Government to pay $125 million to GE and Bechtel Corp as compensation for "appropriating the assets" ... More

Ranbaxy to rejig branded biz in US
THE US market continues to be problematic for Ranbaxy Laboratories Ltd. While the pricing pressures in the region remain, the poor off-take of some of its branded generic products has led to the company rejigging its range of drugs. For ... More

Power crisis likely to continue — Coal, gas shortage results in 2 b units loss
THE ongoing power shortage across a number of States is expected to worsen till the monsoon sets in. While the coal and gas shortage has already resulted in a loss of over 2 billion units of electricity till April 2005, the situation in ... More

Cautious mood prevails in market
THE mood in the market remained cautious on Tuesday, ahead of an expected increase in interest rates by the US Federal Reserve and concerns of slower FII inflows. FIIs were the net sellers to the tune of Rs 654 crore in April. The cautious ... More

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