Financial Daily from THE HINDU group of publications
Monday, August 29, 2005

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High-end products to drive FMCG cos' growth — Demand for `aspirational' products seen rising
AFTER scouring the store shelves for bargains for the last couple of years, urban consumers are now willing to try out expensive FMCG products. Listed companies are taking the cue. Most product launches over the past two quarters have been of ... More

Reliance set to acquire BP's France, Belgium facilities
RELIANCE Industries Ltd is zeroing in on acquiring the refinery and petrochemicals facilities of BP Plc in France and Belgium. Sources familiar with the development told Business Line that the due diligence exercise of BP, which had ... More

Oil Ministry proposal for kerosene bonds rejected
THE Petroleum Ministry may be required to do some fresh thinking on the mechanism to tackle the problem arising due to rising crude oil prices so that the burden is shared equitably by all the stakeholders — the Government, the oil ... More

SSP fertiliser manufacturers in a spot — Finance Ministry not to fix maximum retail price
THE Finance Ministry has refused to take responsibility for fixing the maximum retail price (MRP) for the single super phosphate (SSP) fertiliser. Currently, it is determined by the respective State Governments. For all the other fertilisers, ... More

More client gains than losses; average revenue per client up — Software sector in good health
THE quarter ended June 2005 saw Indian IT software companies add more clients and lose less than they normally do in a quarter. It also saw a healthy growth in the average revenues per client. Most companies - in the given table - also ... More

As undertone turns bearish — Caution is the buzzword
WHEN everybody turns bearish on the stock market and yet the stock prices fail to fall, then what can be done? That's the biggest question that has been lingering on the minds of everybody in the stock market. Last week was no different. ... More

PSUs outperform pvt utilities in power distribution efficiency
THE private sector may be setting efficiency benchmarks in most sectors. In power distribution, however, the public sector is clearly showing the way forward. State-owned utilities of Andhra Pradesh, Rajasthan, Himachal Pradesh and Karnataka ... More

Decks cleared for sugar exports to Pak — Islamabad may allow delivery at Attari border
DECKS have been cleared for the Union Food Ministry to issue a notification on release of sugar for exports to Pakistan. On the other hand, Pakistan is likely to relax its sugar import tender norms allowing delivery of consignments at Attari ... More

IA plans more flights to Gulf from South India
INDIAN Airlines (IA) is looking to increase operations to the Gulf region from several points in South India. Official sources told Business Line that the airlines plans include operating a three-times-a-week flight on the ... More

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