Financial Daily from THE HINDU group of publications
Tuesday, June 28, 2005
Markets (July 25)
BL 2502325.28 (+12.27)
BSE Sensex7505.60(+82.35)
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US Dollar (Buy/Sell)43.51/43.63
Gold Std (10 gm)6085 (+35)

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RBI, AP Govt sign pact to strengthen urban co-op banks — MoUs with other States on cards
IN a trend-setting move, the Reserve Bank of India has entered into a memorandum of understanding (MoU) with the Andhra Pradesh Government on Monday for strengthening the State-based urban co-operative banks (UCBs). According to the MoU, the ... More

Taj to manage luxury hotel in New York
TAJ Hotels, Resorts and Palaces, the flagship brand of Indian Hotels Company Ltd, is to re-enter the US market by signing a contract to operate and manage The Pierre, a 75-year-old luxury hotel on New York's Fifth Avenue. The Taj will take ... More

Maharashtra may lease out 4 sick sugar co-ops to pvt mills
THE Maharashtra Government is considering the leasing out of four sick co-operative sugar mills to the private sector. This is perhaps the only way these mills can be rescued from bankruptcy, said Mr Prakash Naiknavare, Managing Director, ... More

Non-exec directors of Tata Sons to retire at 75
THE main holding company of the Tatas has partially reversed a retirement policy that won it much appreciation when originally introduced. Tata Sons, it was informed today, has adopted revised guidelines for the composition of its board, ... More

Torrent to buy Pfizer's drug co in Germany
THE Ahmedabad-based Torrent Pharmaceuticals Ltd has got the green signal from its board of directors to acquire Heumann Pharma GmbH & Co Generica KG, a generic drug company with the Pfizer group. The acquisition will give Torrent a footprint in . More

Actis representative on Punjab Tractors board resigns
ONE of the two representatives of private equity firm Actis on the board of Punjab Tractors Ltd (PTL) is learnt to have put in his resignation on Friday. This decision of Mr Donald Peck, who is partner at Actis, seems to have been in the wake ... More

`Assessment of GSPC gas find in KG Basin to take 14 days'
THE Director-General of Hydrocarbons (DGH) on Monday said that it would take at least a fortnight to estimate the size of the gas reservoir in Krishna-Godavari Basin (KG Basin) where Gujarat State Petroleum Corporation Ltd (GSPC) has discovered ... More

ISRO close to playing role in global navigation systems
ISRO today said that it was close to be signed up for involvement in two important global navigation systems - the Russian GLONASS and Europe's Galileo. It hopes to launch some of the replenishment satellites for GLONASS on its GSLV ... More

Fertility decline averts 300 m births
The high proportion of married women reporting no babies ever born comes as a surprise, and would probably benefit from some investigation and/or cross-checking of the data. More

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