The Hindu Business Line : Wednesday, August 10, 2005

Tata Tea looking at $1-b overseas acquisition — Readies war-chest of Rs 500 cr
TATA Tea Ltd is zeroing in on a $1-billion overseas acquisition of either a brand or company or both with a strong presence in the US or Latin America during the next six months. A war-chest worth Rs 500 crore had already been created by the ... More

Reliance Energy, Reliance Capital clarify on demerger
THERE appears to be a communication gap within the various entities and individuals involved in the Reliance demerger process. On Tuesday, both Reliance Energy and Reliance Capital ended up having to explain themselves to their constituents ... More

Rise in HR steel prices seen on reduced output
Steel prices have witnessed an increase in the range of $10-$30 across the world market in recent weeks. More

PM advisory panel favours exporters on `negative profits' tax exemption
THE Economic Advisory Council to the Prime Minister has come out in favour of the exporting community on the controversial issue of tax exemption of `negative profits' under Section 80HHC of the Income-Tax Act, 1961. The exporters' suggestion ... More

BPOs find talent hunt no easy job in Tier II cities
TWO years ago, talent-hungry BPOs screamed eureka and gave a thunderous applause for HR managers, who found talent tucked away in Tier II and Tier III cities across the country. Mysore, Madurai, Guwahati, Nagpur, Surat, Visakhapatnam... there ... More

Petro purchases: Oil marketing cos may seek more rebates
AFTER locking horns over the discount offered by the private and standalone refiners on the petroleum products supplied to the public sector oil marketing companies for retail sale, the marketing and finance heads of these companies may approach ... More

BSNL cuts broadband tariff by 50 pc — Offers Wi-Fi services at 50 paise/minute
THE tariff war in the broadband segment is hotting up. State-owned Bharat Sanchar Nigam Ltd (BSNL) has reduced its broadband usage charges by 50 per cent from Rs 500 per month to Rs 250 per month for a 256-Kbps connection. The move follows a ... More

Banks now welcome loan prepayment
Banks and financial institutions had till recently discouraged prepayments for fear of assets liability mismatches and loss of high return asset. More

System upgradation vital for accurate weather forecast
THE calamitous `super drencher' that flooded Mumbai on July 26 has prompted meteorologists to go into a huddle and reflect on how Nature pulled a fast one to expose their level of preparedness in anticipating a contingency and issuing alerts. ... More

Very few new ad creatives during triangular series
"One of the main reason is the timing of the event. Even fast moving consumer goods majors do not advertise during this time of the year." More