Financial Daily from THE HINDU group of publications
Wednesday, June 15, 2005
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US Dollar (Buy/Sell)43.51/43.63
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India Inc scores high on hiring prospects in Q3, says survey
INDIAN employers are the most upbeat about hiring prospects in their companies during the third quarter of 2005, according to a global survey on employment patterns by businesses in 23 countries by global staffing firm Manpower Inc. The ... More

ILD calls issue: BSNL demands Rs 60 cr more from Reliance
BHARAT Sanchar Nigam Ltd (BSNL) has slapped another Rs 60 crore penalty on Reliance Infocomm for allegedly routing international long distance (ILD) calls as local calls. BSNL had earlier raised a demand of Rs 263 crore, of which Reliance has ... More

Mahindra forms truck, bus joint venture with US co
MAHINDRA & Mahindra Ltd (M&M) on Tuesday announced a 51:49 joint venture with the US-based International Truck and Engine Corporation to manufacture trucks and buses in India. The project cost would be about Rs 400 crore. The debt-equity rati More

M&M to issue 1:1 bonus
The M&M board on Tuesday recommended a bonus share issue for its shareholders in the ratio of 1:1, that is, one bonus share for every one ordinary share of the company held. It also recommended an increase in the company's authorised share ... More

LIC to expand portfolio of mid-cap companies
LIFE Insurance Corporation of India is looking at expanding its equity investment in mid-cap companies, according to Mr K. Sridhar, Managing Director, LIC. At present, LIC has investments in 90 mid-cap companies, covering several sectors ... More

FDI computation: Foreign stake no bar on PSBs' investment in telecom cos
THE Minister for Communications and IT, Mr Dayanidhi Maran, today said the Government would come out with guidelines on hike in foreign direct investment cap for telecom services to 74 per cent from the existing 49 per cent, in a week. "The FDI ... More

SWC acquisition complete, more brand buys on the cards: Mallya
A LITTLE less than three months after the Shaw Wallace and Co (SWC) acquisition, the UB group Chairman, Mr Vijay Mallya, has indicated that he still has an appetite for more acquisitions - even as the group has completed its acquisition of SWC ... More


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