Financial Daily from THE HINDU group of publications
Tuesday, August 23, 2005
Markets (August 22)
BL 2502386.32 (-36.44)
BSE Sensex7750.60 (-30.16)
S&P CNX Nifty2367.85 (-15.60)
US Dollar (Buy/Sell)43.57/43.70
Gold Std (10 gm)6250 (+10)

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ONGC-Mittal combine loses bid for PetroKazkhstan — China's CNPC clinches deal for $4.18b
IN a narrow miss, Oil and Natural Gas Corporation Ltd (ONGC) and the L.N. Mittal group (LNM) combine has lost the bid to acquire the Canada-based PetroKazakhstan Inc to the Chinese company, China National Petroleum Corporation (CNPC). ... More

Anti-competitive practices — Bid to keep competition panel the nodal agency
THE Ministry of Company Affairs (MCA) is examining a few options to ensure that the Competition Commission of India (CCI) acts as the nodal agency to determine if the rules of the game put in place by sectoral regulators have resulted in ... More

Banks rejig rates to cash in on festival season
IN order to take advantage of the festival season, which is typically accompanied by an increase in spending, several banks are either offering lower interest rates on retail loans or raising deposit rates. Many banks are also conducting deposit ... More

Listing of nutritional value on food packs to become mandatory
DO you know the amount of carbohydrates in a pack of potato chips? Or the proteins present in one serving of ready-to-eat pasta. Such information will now have to be available to the consumer soon. The Health Ministry is planning to make it ... More

Increased oil, gas exploration — Offshore support cos get flood of orders
AS new tracts of sea bed off the country's coast are being taken up for offshore oil and gas exploration, a host of Indian and foreign companies engaged in providing a wide array of support services, ranging from underwater diving and ... More

Montek favours hike in petro product prices
FAVOURING a hike in petro product prices, the Deputy Chairman of the Planning Commission, Mr Montek Singh Ahluwalia, today said that in a scenario of sustained increase in global oil prices, it is essential to align domestic oil prices with ... More

Govt plans curbs on duty-free Lankan pepper
THE Union Commerce Ministry is seriously considering to impose quantity restrictions or some duty on import of pepper from Sri Lanka now done under FTA to arrest flooding in the domestic market. As part of this exercise, a high-level delegation ... More

Gem & jewellery, machinery lead export growth
FIVE commodities — transport equipment; petroleum, crude and products; machinery and instruments; gems and jewellery; and readymade garment-cotton, including accessories — that account for 42 per of the country's aggregate exports ... More




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In Focus

BHEL Disinvestment
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Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
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Looking back
Aug. 14-Aug. 20
Exporting iron ore is against national interests: Tata Steel MD


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