Financial Daily from THE HINDU group of publications
Wednesday, August 24, 2005
Markets (August 23)
BL 2502340.34 (-45.98)
BSE Sensex7615.99(-134.61)
S&P CNX Nifty2326.10 (-41.75)
US Dollar (Buy/Sell)43.62/43.75
Gold Std (10 gm)6285 (+35)

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Sensex sheds 134 on profit-booking
IT has been the fourth consecutive day of losses at the bourses, but it may not all be over yet. Despite the fact that trading on Tuesday started confidently, profit-booking across the market led to the indices nose-diving by close of trade. ... More

$125-m termination fee looms over ONGC-Mittal's re-bid plan
WILL the high termination fee of $ 125 million come in the way of attempts by Oil and Natural Gas Corporation (ONGC) and L.N. Mittal Group combine to make a counter-offer for Canada-based PetroKazakhstan Inc? A day after losing the bid for a ... More

House panel for greenfield airports in Mumbai, Delhi
IN a move that could affect the on going modernisation and restructuring of Mumbai and Delhi airports, a Parliamentary Committee today expressed the view that investing "huge money" for modernisation of Mumbai airport would be a waste and ... More

Germany to buy carbon credits from TTD solar kitchen
IT'S not just devotees who are queuing up at Tirumala Tirupati Devasthanam (TTD). Also approaching the temple is Germany, though for a completely different purpose. In its efforts to reduce green house gas (GHG) emission, the German Government ... More

Alternative to DEPB plagued with technical troubles
The absence of the rider to import the very inputs that have been used in the exported product makes the DEPB payments countervail-able in terms of the WTO rules. More

Infrastructure growth down at 0.5 pc in July
THE country's infrastructure sector grew 0.5 per cent in July this year, down from the 11.1-per cent growth recorded by the six core infrastructure industries in July last year, according to a Ministry of Commerce and Industry statement. The ... More

Big names likely in second round of bids for FM radio
THE second round of bidding for FM radio licences due to commence with availability of tender documents by month end, could bring big names to the table. With prospective candidates required to get their act together shortly, fund raising ... More

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Top Stories
Hyderabad International Airport achieves financial closure

Rush for swapping as rates move up overseas — Banks to apply exposure norms on ECB refinancing

Bharti in $125-m deal with Nokia for rural network expansion

LS passes employment guarantee Bill — Scheme to be implemented in 200 districts in phase-I

High crude prices derail IndianOil Petronas' plan to set up LPG terminal

HCL Tech Q4 net drops; guidance upbeat — Have funds, will buy, says Shiv Nadar

National Employment Guarantee Scheme — Well-intentioned, but poorly designed

In Focus

BHEL Disinvestment
The Yuan Revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition

In Depth

Gender Justice
Simple Economics
Tax Talk

Looking back
Aug. 14-Aug. 20
Exporting iron ore is against national interests: Tata Steel MD

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