Financial Daily from THE HINDU group of publications
Wednesday, August 17, 2005
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Banking reform Bill introduced in LS — Govt drops move to reduce stake in banks to below 51%
THE nearly five-year-old move to enact an enabling provision to reduce the Government's holding in nationalised banks to below 51 per cent has finally been given an official burial. Moving a Bill in the Lok Sabha on Tuesday seeking higher ... More

Ranbaxy eyes large-sized acquisitions — Kalam inaugurates third R&D facility
AFTER Israeli Teva Pharmaceutical Industries Ltd announced plans of acquiring Ivax Corporation, making it the largest generics company in the world, Ranbaxy Laboratories Ltd reiterated on Tuesday that it is also looking at growth through ... More

No strategic sale in profit-making PSUs, says Chidambaram
THE Government is to consider some other form for divesting its stake in profit making central public sector enterprises (CPSEs) instead of strategic sale of equity. The Finance Minister, Mr P. Chidambaram, informed Parliament on Tuesday that ... More

Tax revenues of VAT States up 15.3 pc in Q1
THE tax revenues of value-added tax (VAT) implementing States and Union Territories have increased by 15.3 per cent during the first quarter of the current fiscal, the Union Finance Minister, Mr P. Chidamabarm, told the Rajya Sabha here on ... More

Small-caps shine on BSE — Every 8th stock hits upper circuit
LARGE-CAP and mid-cap stocks remained flat while small-cap stocks continued their upward movement in Tuesday's trade. A clear indication of this was seen when every eighth small-cap stock traded on BSE was locked in upper circuit with most of ... More

Exporting iron ore is against national interests: Tata Steel MD
ALLOWING exports of iron ore is "absolutely against national interests", Mr B. Muthuraman, Managing Director, Tata Steel, said today. Speaking to journalists of The Hindu group here, Mr Muthuraman said it was "a dangerous trend" to allow ... More

Govt collects Rs 583 cr from FBT in Q1
THE Union Government has collected nearly Rs 583 crore as fringe benefit tax (FBT) during the first quarter of the current financial year. The banking cash transaction tax (BCTT) realised during the same period stood at Rs 20 crore. Mr S.S. ... More

LIC turns attention to real estate
REAL estate is turning out to be the second love for the Life Insurance Corporation of India. The corporation has decided to direct a major part of its energies at maximising returns from the innumerable properties that it owns, many of which are ... More

Exports up 27 pc in July at $7.2 b — Apr-July trade deficit widens to $13.97 b
THE country's exports during July 2005 notched up a 27 per cent growth at $7,234.41 million compared with $5,705.22 million in the corresponding month of 2004. Announcing the latest trade figures at a news conference here, the Union Minister ... More

Run-up to Montreat meet on climate change — Indian cos set to get better deal on carbon trading
INDIAN companies eyeing for carbon trading benefits may get a good deal now with prices increasing in the run up to the United Nations Framework Convention on Climate Change (UNFCCC) Montreal conference in November-December. Rates per tonne of ... More

Voice verification to prove one's identity is here
Sure Identity is a technology that will establish a person's identity using a set of features extracted from that person's voice. More



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