The Hindu Business Line : Friday, August 19, 2005

Mauritius firm told to cut stake in Centurion to 10 pc — RBI sets 90-day deadline to recast holding
THE Reserve Bank of India has asked the Foreign Investment Promotion Board (FIPB) to direct Mauritius-based investment firm Kephinance Investment (Mauritius) Pte Ltd to bring down its stake in Centurion Bank Ltd to the prescribed limit of 10 per ... More

Cabinet seeks more details on KRL merger with BPCL
THE Finance Minister, Mr P. Chidambaram, today said that the Union Cabinet has sought more information on the proposed merger of Kochi Refineries Ltd (KRL) with BPCL. The Cabinet is understood to have taken up the issue but no decision could be ... More

Sensex crosses 7,900 intra-day, closes lower in volatile trade
THE enthusiastic opening on the bourses on Thursday saw the Sensex cross the 7,900-level, though profit booking subsequently dragged the index down. . On a day marked by highly volatile trade, the 30-stock benchmark index raised to its record ... More

Investment in equities: 2004-05 story
FIIs Rs 44,123 cr, MFs Rs 448 cr
THEY may be viewed as the domestic warriors on the stock markets, but in reality investment by mutual funds in Indian equities is only 1 per cent of what foreign institutional investors have invested. The Securities and Exchange Board of India's ... More

WTO trade facilitation talks: `Address concerns of exporters in developing countries'
THE ongoing negotiations in the World Trade Organisation (WTO) on trade facilitation must address the concerns of exporters in developing countries since the current conditions suggest strong handicaps for the developing world, the Union Minister ... More

Tata Steel vs POSCO - A tale of two MoUs
THE Orissa Government has offered the South Korean steel major POSCO superior terms to persuade the latter to set up a steel plant in the State than the ones on which it got the Tatas to do the same, documents available with Business Line ... More

PSBs wary of dealing with Chinese banks
The bankers said that they preferred dealing only with those Chinese banks listed in the International Bankers' Almanac. More

FDI in wholesale: Many players, but low inflows
WHILE experts continue to debate on the prospect of foreign direct investment in the retail trading sector, the lure of profit is already drawing foreign firms in hordes to invest in the wholesale trading sector where 100 per cent FDI is already ... More