Financial Daily from THE HINDU group of publications
Tuesday, June 21, 2005
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Petrol, diesel prices hiked; LPG untouched
AFTER seven months of dithering, the Government today announced a hike of Rs 2.50 a litre in the price of petrol and Rs 2 a litre for diesel, braving opposition from Left allies who have threatened a nation-wide agitation on June 28. The price ... More

Cabinet okays economic agreement with Singapore
THE Union Cabinet on Monday gave its nod to the Comprehensive Economic Cooperation Agreement (CECA) between India and Singapore. The pact is designed to offer an integrated package governing trade in goods and services, an agreement on ... More

Sensex scales 7,000, retreats
THE Bombay Stock Exchange's Sensex moved up to another historic high going past the 7,000 point mark, buoyed by the settlement of the ownership dispute between the Ambani brothers, arrival of monsoon in Mumbai and a hike in petroleum ... More

Centurion, Bank of Punjab agree to merge
The boards will meet again on June 29 to consider the final terms of the merger, a joint release from the banks said. Mr Shailendra Bhandari, Managing Director, Centurion Bank, said: "There are huge synergies in this merger like different ... More

Petroleum dealers threaten indefinite strike from July 18
JUST after announcing a hike in petrol and diesel prices, fresh trouble broke out for the Petroleum Minister, Mr Mani Shankar Aiyar, with the Federation of All India Petroleum Traders (FAIPT), threatening to go on indefinite strike from July 18 ... More

Monsoon makes its way to Kolkata
THE southwest monsoon brought Kolkata into the rain belt on Monday, a fortnight behind schedule. However, it whizzed past Hyderabad on its eastward course, prolonging the city's agonising wait. The northern limit of the monsoon passed through ... More

Ambani brothers' gesture
BOTH the Ambani brothers today wrote e-mails bidding farewell to the employees of the respective companies whose chairmanship they were relinquishing. The Chairman of Reliance Infocomm, Mr Mukesh Ambani, who will soon relinquish his position ... More

Auto component companies on expansion mode, to invest $1 b
BOLSTERED by growing overseas and domestic demand, auto components manufacturers are revving up their investments, with plans to invest about $1 billion (Rs 4,355 crore) on capacity expansion in the current year. "At the moment, the auto ... More

Prepaid cards set to displace TCs
The market for prepaid cards is expected to be around $400 million in 2005. More

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