The Hindu Business Line : Thursday, August 25, 2005

Rupee slides to 3-mth low on fall in FII inflow
THE rupee slid to a near three-month low on the back of a fall in foreign institutional inflows into the Indian equity markets and a strong dollar demand in the wake of firming crude oil prices. Dealers said oil companies' heavy demand for ... More

Chidambaram tables quarterly review in Parliament — `Subsidies will add to fiscal burden'
THE Government said on Wednesday that the fiscal situation is likely to come under strain in the coming months due to a rising subsidy bill and the need to fund the food-for-work and employment guarantee programmes. "Major fiscal challenges ... More

Equity participation in projects — HPCL mulls `chain offer' concept
This would mean that those seeking to partner with HPCL would have to pick up stake in more than one of its projects. More

Bharti ties up with AXA for life insurance venture
THE domestic life insurance sector will have a new player with the Bharti group entering into a joint venture with one of the world's largest insurers — AXA. The company will commence business during the first half of 2006 after obtaining ... More

TCG-Bengal Govt fallout precedes IOC's induction into Haldia Petro
WITHIN five years of Haldia Petrochemical's (HPL) existence, two friends, the West Bengal Government and The Chatterjee Group (TCG), have turned into foes. Differences over the induction of the Indian Oil Corporation (IOC) into HPL have taken ... More

UltraTech Cement allots Rs 600 cr for captive power plants
ULTRATECH Cement Ltd has earmarked Rs 600 crore for installation of captive power plants, chiefly a 92-megawatt lignite-based plant at Gujarat Cement Works, which will be commissioned by July 2007. This will lead to savings in power costs of Rs ... More

Plastic bags on their way out in Maharashtra
PLASTIC bags, in all likelihood, will be the first casualty after the July 26 rains and the resultant flooding in Mumbai and the other parts of the State. The Maharashtra Government has set in motion the process to ban the use of plastic bags in ... More

Gross tax collections rise 26 pc in Q1
GROSS tax collections of the Union Government has recorded a 26 per cent increase in the first quarter of the current fiscal to Rs 52,283 crore as against Rs 41,151 crore in the same period last year. After transferring Rs 181 crore to the ... More