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Friday, June 17, 2005
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FIIs allowed in print media — Cabinet clears facsimile editions of foreign newspapers, journals
"Indian editions (of foreign newspapers) have not been permitted because of apprehensions that the Indian newspaper industry will not be able to withstand the competition." More

Media stocks hog the limelight
THE Union Cabinet's decision to allow FIIs to invest in print media set the stocks of companies in newspapers business on fire. Stocks of TV news channel companies also went up. The announcement, which came during the trading hours, saw ... More

Govt to go ahead with BHEL disinvestment — Invites bids from investment bankers
THE Union Government has decided to go ahead with its proposed stake sale in Bharat Heavy Electricals Ltd despite opposition from its Left allies. The Government has invited bids from global investment banks to manage the public offering. The ... More

Tata Indicom handset for Rs 499
THE price war in the mobile market has gone up a notch higher with Tata Indicom offering a CDMA handset, a connection, and free talk time worth Rs 1,500 all for a one-time payment of Rs 1,999. The package effectively offers a mobile handset for ... More

Decision on petro price hike deferred
A DECISION on revising petroleum prices was deferred by the Cabinet Committee on Economic Affairs today. When asked if the issue was listed for the CCEA meeting, the Finance Minister, Mr P. Chidambaram, said, "Yes, but it has been deferred by ... More

DBS Bank to buy 37.5 pc stake in Chola Investment
DBS Bank of Singapore will pick up a 37.5 per cent stake in Cholamandalam Investment and Finance Company of the Murugappa group. Part of the stake acquisition will be through the purchase of shares from Tube Investment of India (TI), another ... More

El Nino risk stands `substantially reduced'
THERE is little sign of a classical El Nino episode unfolding during the year, according to the Australian Bureau of Meteorology that tracks the Pacific Ocean phenomenon on a regular basis. In its update, the bureau said despite observations ... More

TCS remains top exporter
TCS has yet again emerged as the top software and service exporter in the country during 2004-05, followed by Infosys and Wipro. As per the `Top 20 IT Software and Service exporters in India' (excluding ITES-BPO revenues) ranking by National ... More

`Disputes show mediclaim plans need overhaul'
MR B.D. Banerjee's shelves are neatly decked with books on medical processes as well as terminology. This former CMD of Oriental Insurance Company and current Ombudsman of the Maharashtra and Goa region has to be well versed with the human ... More

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