Financial Daily from THE HINDU group of publications
Friday, June 24, 2005
Markets (July 25)
BL 2502325.28 (+12.27)
BSE Sensex7505.60(+82.35)
S&P CNX Nifty2291.75 (+26.15)
US Dollar (Buy/Sell)43.51/43.63
Gold Std (10 gm)6085 (+35)

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3 banks get RBI nod for China foray
FIRST it was the turn of Indian corporates to set up representative offices and manufacturing units in China. Now it is the turn of Indian banks to set up offices in the dragon land. Three Indian banks have recently received approval from ... More

GoM to study Foreign Contribution Act
THE Union Cabinet on Thursday decided to constitute a Group of Ministers to study the Foreign Contribution (Regulation) Act of 1976 and make appropriate recommendations in the light of the latest developments on this front. "The Ministry of ... More

GE wants to `move forward' on Dabhol
THE 2,184-MW Dabhol power project is close to being restarted, with GE, one of the major equity holders, expected to reach an agreement with Indian financial institutions by this month end. "We will sign a comprehensive settlement agreement ... More

Indians ready to splurge, says survey
A RUPEE saved is a rupee earned. For long this had been the archetypal approach to life of the average Indian. But not any more. Indians are now about to show the world how to loosen the purse strings. From dabbling in equities and mutual funds ... More

Cabinet reshuffle likely tomorrow — Shibu Soren may get back Coal
THE Government is likely to undertake another round of Cabinet reshuffle on Saturday. Indications are that most of the new entrants would be from the Congress, while the former Coal Minister and Jharkhand Mukti Morcha Chief, Mr Shibu Soren, is ... More

Data protection — Nasscom to work with legal authorities to bring guilty to book
TAKING serious note of reports that an Indian call centre employee allegedly sold bank account details of 1,000 UK customers to an undercover reporter, the National Association of Software and Services Companies (Nasscom) said on Thursday that ... More

GAIL to invest Rs 20,000 cr in next 5 years
GAIL (India) Ltd on Thursday unveiled an ambitious expansion plan involving capital investments of around Rs 20,000 crore over the next five years. "The plans touch upon areas that expand beyond natural gas transmission business to ... More

Monsoon advances into eastern UP
THE southwest monsoon has advanced into eastern Uttar Pradesh, parts of Orissa, entire West Bengal, parts of Bihar and Jharkhand on Thursday, on a day when weathermen maintained the outlook for a low-pressure area over northwest Bay of Bengal. ... More

Business Line photographer gets award
THE Kerala unit of the Indian Veterinary Association has announced its `farm journalism awards' for 2004. Addressing a press conference in the city today, Dr A.P.S. Nair, President, Indian Veterinary Association - Kerala, said awards have ... More

``I'm sure it's the 7000 effect! He's stared calling my money `our money' again!''


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