The Hindu Business Line : Thursday, June 23, 2005

Dabhol lenders reach accord with GE, Bechtel
THE long-drawn battle over the Dabhol power plant in Maharashtra is over, with the lenders to the project reaching a settlement with 85 per cent equity holders GE and Bechtel. A joint venture special purpose vehicle - formed by NTPC, GAIL, ... More

Orissa inks MoU with POSCO — Biggest-ever FDI investment at Rs 51,000 cr
THE much talked about memorandum of understanding between Korean steel-maker Pohang Steel Company (POSCO) and the Orissa Government for a 12-million tonne per annum steel plant in the State was signed at the Secretariat here this afternoon. The ... More

Orissa sets terms for iron ore export
IN its efforts to set at rest the controversy over allowing the Korean steel-maker Pohang Steel Company to export iron ore, the Orissa Government today clarified that the company will be provided 600 million tonnes of iron ore for captive use in ... More

Bull charge continues
AFTER the BSE Sensex, it was the turn of the NSE's Nifty to create history as it touched an all-time high today. The Sensex also closed at an all-time high. The S&P CNX Nifty touched 2,196.45 before closing at 2,187.35, up 17.35 points (0.8 per . More

Japanese investors buying heavily
JAPANESE investors have again entered the Indian equity with huge purchases during last week and this week. According to brokers, most of the FII purchases seen during the period are from investors based in Japan. They added that several ... More

Bond prices rise as market turns upbeat
BOND prices rose for the third consecutive day due to the absence of negative factors. The prices of most Government stocks, including the less-traded 10-year benchmark, rose by an average of 30-70 paise on Wednesday. Among the reasons that ... More

More vehicle makers foray into components biz
THE boom in the domestic auto components industry is encouraging more vehicle manufacturers — both domestic and multinational — to enter the market. Even as multinational firms such as Hyundai (through its car parts arm Hyundai ... More

Steep drop in marine hull insurance rates
SHIPPING companies are set to benefit from a steep drop in marine hull insurance rates. And they don't have to shop outside the country for competitive rates. Following the de-tariffing of the marine (hull) rates in April 2005, the premiums ... More

Season's first `low' over Bay by early next week
CONDITIONS aiding the formation of the long-awaited low-pressure system are building up over northwest Bay of Bengal with cool easterlies registering their presence in the head Bay on Wednesday. Dr Akhilesh Gupta, Director, National Centre for ... More

Pocket
"Plan a protest rally. The minister wants some decision made in consultation with us."