Financial Daily from THE HINDU group of publications
Thursday, June 09, 2005
Markets (July 26)
BL 2502331.81 (+6.53)
BSE Sensex7552.77 (+47.17)
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US Dollar (Buy/Sell)43.44/43.57
Gold Std (10 gm)6050

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Securitisation Act and DRTs — Ministry rules out simultaneous bad debt recovery proceedings
LENDERS will have to continue to package their bad debt recovery effort within the legal limitation period. This follows the Finance Ministry ruling out the possibility of allowing them to initiate simultaneous proceedings before the Debt ... More

Pranab urges India Inc to pick up defence orders
THE Defence Minister, Mr Pranab Mukherjee, said on Wednesday that the Indian industry should attempt to pick up defence production orders through increased public-private partnership and suggested that as much as Rs 4,000 crore could be ... More

An Indian twist to Pfizer's blockbuster epilepsy drug
THE race to get a piece of Pfizer's blockbuster epilepsy drug Neurontin in the US market is beginning to have an Indian sub-plot. Multinational generic companies, such as Teva and Alpharma, have already launched their version of the same drug ... More

Ex-Vodafone chief Darryl Green is new Tata Tele CEO
A FOREIGN expatriate with wide global experience in telecom companies — and whose most recent assignment was with Vodafone — has been appointed as Chief Executive Officer of Tata Teleservices Ltd (TTSL). Mr Darryl Green, TTSL's new ... More

Maran convinces Intel to set up facility
IN a major victory for India in the manufacturing domain, global chip major Intel is likely to set up an advanced test manufacturing facility in the country. "I have been able to convince Intel Chairman Dr Craig Barrett to choose India over ... More

Print medium reach rises to 200 m
THE reach of the print medium (dailies and magazines combined) has increased from 179 million to 200 million people in the last three years, according to the National Readership Survey 2005. Though the reach has fallen in urban India - from ... More

Cash transaction tax — Withdrawals from different bank branches not to be clubbed
THE Finance Ministry has made it clear that cash withdrawal from different branches of a bank on a single day would not be aggregated (clubbed) for the purpose of levy of banking cash transaction tax (BCTT). Similarly, cash receipts on ... More

IT, bank stocks rally takes Sensex to 3-month high
UNABATED buying interest in the IT and banking stocks helped the markets put on a smart show as they ended the day with strong gains. Strong rally in the stocks of ICICI Bank, Infosys, Reliance Energy and Satyam Computer kept the ... More



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