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Tuesday, July 05, 2005

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Bechtel to go ahead with arbitration on Dabhol
BECHTEL Corporation could emerge as the stumbling block in the ongoing efforts to restart the $2.9-billion Dabhol power project. Even as GE has announced a "comprehensive settlement" of its Dabhol-related disputes, Bechtel — the other major ... More

FII buying pushes Sensex to all-time high of 7,277
CONTINUED buying by foreign institutional investors took the benchmark indices to yet another record high on Monday. The Sensex gained 66.54 points to close at an all-time high of 7,277.31. The Nifty added 18.75 points and ended trade at ... More

Gujarat industry on road to normalcy
WITH flood waters receding and lesser rainfall reported in the last two days, industrial units shut down since June 29 have started resuming normal operations. The Ahmedabad-Mumbai rail link will, however, take another couple of days to ... More

Gujarat NRE jt venture acquires coal mining leases in Australia
GUJARAT NRE Coke Ltd has announced that its Australian joint venture company, Gujarat NRE FCGL Pty Ltd, has entered into an agreement to acquire the coal mining leases in the whole of old Avondale Colliery and part of Huntley Colliery in the ... More

RBI relaxes NPA norms for urban co-op banks
URBAN co-operative banks (UCBs) will be allowed to apply the 180-day delinquency norm till March 31, 2006 for identification of NPAs in gold loans and small loans up to Rs 1 lakh, the Reserve Bank of India said in a release. This move by the ... More

Essar Teleholdings acquires 3.43 pc more in Hutchison for Rs 267 cr
ESSAR Teleholdings' stake in Hutchison Essar has risen to 30.42 per cent from 26.99 per cent, the company having acquired an additional stake of 3.43 per cent in the latter for Rs 267 crore. The acquisition, which was made on June 30, resulted ... More

`Final decision on independent directors issue by next month'
THE Minister of State for Company Affairs, Mr Prem Chand Gupta, on Monday said that a final decision on the number of independent directors on a company's board could be expected by August. The Ministry is hoping to come out with a basic ... More

Gartner sees IT services segment growing 19.8%
THE Indian IT services market, which has recorded a strong growth at 26.7 per cent in 2004-05 for the Asia-Pacific region, is projected to grow at a compounded annual growth rate (CAGR) of 19.8 per cent through to 2009, according to a report by ... More

BHEL to spend Rs 1,000 cr on capacity-building
BHEL intends to spend Rs 1,000 crore on capacity building over the next two-and-a-half years, the company's Chairman and Managing Director, Mr A.K. Puri, told journalists here on Monday. He said that the money would be spent on enlarging the ... More

Fresh spell of rains expected as Gujarat situation eases
THE National Centre for Medium Range Weather Forecasting (NCMRWF) has kept up its vigil for the fresh low-pressure area brewing over northwest Bay of Bengal even as the mid-tropospheric circulation over Gujarat weakened on Monday. In an ... More

SEBI suspends fresh registrations for UINs
The Securities and Exchange Board of India has suspended all fresh registrations for Unique Identification Numbers (UINs) from July 1. This is following a SEBI committee's recommendation seeking to move away from the biometric system for ... More

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