Financial Daily from THE HINDU group of publications
Monday, June 13, 2005
Markets (July 26)
BL 2502331.81 (+6.53)
BSE Sensex7552.77 (+47.17)
S&P CNX Nifty2303.15 (+11.40)
US Dollar (Buy/Sell)43.44/43.57
Gold Std (10 gm)6050

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Huge withdrawals made in May-end to avoid tax trail
THE banking industry witnessed a different kind of run on deposits this May-end, and with a different purpose. Feedback from the bank branches to their regional offices show huge cash withdrawals by panicky current account holders who were ... More

It's monsoon time: Drug cos step up vaccine promos...
MONSOONS are in the offing and what better time for vaccine companies to talk to you about Hepatitis A, for instance, an infection that spreads from contaminated water. And the low consumer awareness on the infection across the country makes ... More

... FMCG cos worried over delay
THE fast moving consumer goods sector is keeping its fingers crossed. Almost half of the industry's sales comes from the rural markets. But last year, rural demand remained flat due to an erratic monsoon and a dampened sentiment; the 4-per ... More

DoT shoots down PowerGrid move to offer services to IAF
THE Department of Telecom has shot down a proposal from Power Grid Corporation of India Ltd to provide leased line services to the Indian Air Force. The proposal to link up 91 Air Force stations in various parts of the country was disapproved ... More

Plan panel proposes CIL revamp, autonomous arms
THE Planning Commission seems keen to adopt the petroleum sector model for the coal industry by dismantling Coal India Ltd (CIL) and make the subsidiaries independent organisations. The Commission has recently re-activated the proposal of CIL ... More

Tata Steel, Iranian co form joint venture
TATA Steel has signed a joint venture agreement with Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) to participate in its proposed steel-making projects and mining operations in Iran. Mr M. Moazenzadeh, ... More

India Inc sheds traditional image for sleeker look
NO longer the fuddy-duddy image for India Inc. To keep up with globalisation, many Indian corporates are shedding their years-old identity and going in for the younger, sleeker look. Not only in their products and packaging, but even company ... More

Monsoon to decide market direction
THE issue of Ambani brothers was back to the fore on the bourses with Reliance group stocks hogging the limelight last week. But the clarification from Reliance Industries put the bulls on the backstage for the time being. There seems to be a ... More

Will IT bring about changes in campus calendar?
YOUR next-door neighbour's son is ecstatic. He has an offer letter from one of India's top software services firms. The only puzzling factor is, he is expected to join only by the end of September. That is more than three months away. And before ... More

Left to be consulted on facsimile editions of foreign dailies
THE Union Government is contemplating the possibility of permitting facsimile edition of foreign newspapers without their access to Indian news and advertisements. However, this decision would be based on consultations with the Left parties and ... More


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