Financial Daily from THE HINDU group of publications
Thursday, June 02, 2005
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Steel, aluminium cos cut prices as global rates drop
FOLLOWING international trends, domestic steel and aluminium manufacturers on Wednesday announced reduction in prices in the range of Rs 500 to Rs 2,500 per tonne. Steel Authority of India Ltd was the first to announce the price cut effective ... More

Exit route for shareholders — Irani panel moots one-time buyback by delisted cos
A ONE-TIME buyback offer for shareholders of a delisted company has been mooted to provide an exit route for shareholders who had not taken part in the delisting exercise. The Dr J.J. Irani Committee on company law has suggested that any ... More

FDI limit on non-news publications goes
THE Government on Wednesday removed the cap on foreign investment in non-news publications. The existing investment limit, allowing a maximum of 74 per cent foreign equity in Indian entities publishing scientific/technical/specialty ... More

Bechtel attaches Maharashtra Govt shares in Dabhol
EFFORTS to re-start the $2.9-billion Dabhol power plant in Maharashtra suffered a setback on Wednesday with Bechtel Corporation announcing that it has attached all shares held by the Maharashtra Government in the project, after winning a court ... More

India outscores China in product innovation: Accenture
Pharma, auto-parts and electronic goods are some of India's strengths in manufacturing, according to the study. More

Power utilities make presentation to CERC on futures trading
THE concept of a wholesale market for electricity in the country is fast taking shape. National Thermal Power Corporation (NTPC), PTC India Ltd (PTC) and Power Grid Corporation of India Ltd (PGCIL) have jointly made a presentation to the Central ... More

Airlines to cut fares as ATF prices fall
FLYING in the domestic skies is all set to become marginally cheaper. Within hours of oil companies announcing a reduction in prices of aviation turbine fuel (ATF), a host of airlines including Air Deccan, Air Sahara, and the start-up SpiceJet ... More

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