The Hindu Business Line : Sunday, August 28, 2005

PSBs' lower growth targets not acceptable: Chidambaram
SOME frontline public sector banks have projected a lower growth in deposits and advances for the current fiscal, compared to the previous year, according to their Statements of Intent for 2005-2006 submitted to the Government. Revealing this, ... More

India Inc keeps investments on tight leash
INDIA Inc may have found profits and cash flow from operations growing at a healthy rate in recent years, but they have nevertheless kept fresh investments on a tight leash. Between March 2001 and March 2005, the aggregate operating cash flows ... More

New norms on public holding: MNC firms may be most hit
NEW norms requiring minimum public holding of 25 per cent may affect firms that tried to delist but only succeeded in enhancing their stake beyond 75 per cent. The requirement of reverse book building, which increases the price at which the ... More

Hurdle cleared in Videocon's Electrolux acquisition
Mr Harish Kumar, a minority stakeholder in Electrolux Kelvinator, has withdrawn his petition in the CLB. More

Desi spiritual channels offer `nirvana' to the West
IN the swinging sixties, the West came to India searching for spirituality. But now, it's the age of instant nirvana. Riding on the rising popularity of yoga, meditation and karma, Indian spirituality channels are also expanding their footprint ... More

Chidambaram sees economy growing at 7%
THE Finance Minister, Mr P. Chidambaram, said on Saturday that he expected the economy to grow at 7 per cent or more in the current fiscal. "The economy is in good shape, all set to deliver 7 per cent or more growth in 2005-06," he said ... More