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Thursday, July 14, 2005

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ONGC forays into power, to set up project in Tripura
While ONGC would hold majority stake in the venture, it is in talks with PTC to subsequently pick up a minority stake in the SPV. More

Consult us on all disinvestment decisions, says Left
THE disinvestment tussle between the UPA and the Left parties could move beyond BHEL. After putting the UPA into an uncomfortable position on the issue of the proposed divestment of Government stake in BHEL, the Left now plans to pin the ... More

ONGC to be worst hit under subsidy sharing
OIL and Natural Gas Corporation (ONGC) will have to bear the maximum burden under the subsidy sharing formula being worked out by the Petroleum Ministry. The Ministry is understood to have asked ONGC to pay Rs 2,870 crore for the first quarter ... More

PSU insurers, hospitals agree on `package deal pricing' — Move to check overcharging of services
"There should be complete transparency between the insurance companies, the TPAs as well as healthcare providers." More

Gas pipeline project: India, Pak to appoint financial consultants
The consultants would be expected to submit their report by November-end when Mr Mani Shankar Aiyar is likely to travel to Pakistan for signing an agreement on the project. More

`Break monsoon' expected to get established by Sunday
THE country is heading for a possible `break monsoon,' which is expected to set in by Sunday (July 17). Disclosing this to Business Line, Dr Akhilesh Gupta, Director, National Centre for Medium Range Weather Forecasting (NCMRWF), said ... More

MFs' asset base shrinks in June
IN June, while the equity markets soared, mutual funds ended up losing close to Rs 3,500 crore in assets. Data released by Association of Mutual Funds in India pegs the mutual fund industry's assets under management (AUM) for June at Rs 1,64,546 ... More

Realty investors turn to Tier II cities for lucrative returns
IT'S no longer just the `top three' metros that are attracting investor attention in the residential realty market. Many others have joined the `elite list' that was earlier restricted to obvious locations like Delhi, Mumbai, Bangalore and ... More

Infineon `chips' in to halve handset cost
MOBILE handset price is set to drop below $20 (Rs 869) with the German semiconductor manufacturer, Infineon Technologies, launching low-cost chip platform. The production costs for mobile phones could be cut by nearly a half, from the current ... More



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