Financial Daily from THE HINDU group of publications
Wednesday, September 14, 2005
Markets (Sept 13)
BL 2502471.72 (+15.27)
BSE Sensex8193.96 (+55.54)
S&P CNX Nifty2500.35 (+16.20)
US Dollar (Buy/Sell)43.84/43.98
Gold Std (10 gm)6435

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Share prices of State Bank subsidiaries soar — Anticipation of scrapping of share ownership restriction
THE shares of three listed subsidiaries of State Bank of India rose on the Bombay Stock Exchange on Tuesday in anticipation that the Government may remove the restriction on ownership of shares in these banks. At present, a single shareholder ... More

Draft housing policy proposes cut in residential stamp duty
States would be advised to lower the stamp duty on residential properties to about 2-3 per cent More

Hochtief too pulls out of airport project
WITH less than 24 hours left for the submission of bids for the Delhi and Mumbai airports modernisation project, the Government's plans hit another roadblock on Tuesday, with the Piramal Group that had tied up with the German airport operator, ... More

`It's difficult to do business in India' — IFC accords 116th rank in global list
HOW easy or difficult is it to start or pursue a business? International Finance Corporation (IFC), the private sector arm of the World Bank Group, puts India way down at 116 out of the 155 countries surveyed for its report, `Doing Business 2006' ... More

Chidambaram expects farm output to rise
THE Finance Minister, Mr P. Chidambaram, said on Tuesday that he expects the farm output for the current fiscal to be higher than the level achieved last year. His optimism stems from the fact that more area has been brought under cultivation ... More

After a two-month slump, car sales rise 14.8% in Aug — 2-wheeler market also recovers
DOMESTIC passenger car sales rose 14.8 per cent in August, after a decline of two consecutive months during which demand had suffered as a result of heavy floods in two key markets and increased vehicle prices due to stricter emission norms and ... More

Non-oil imports spurt 37.16 pc — Exports up 23 per cent in April-August
The latest foreign trade data made available by the Government today shows that there has been a spurt in non-oil imports during April-August this year, reflecting the buoyancy in the economy. During the first five months of the current ... More

Onion exports down to a trickle on higher domestic prices
ONION exports from the western region have virtually halted this month due to higher domestic prices and shortage of quality onion for overseas sales. Onion export is canalised through the National Agricultural Co-Operative Marketing Federation ... More

Total volume of `actual' counterfeits may be high
Rs 2.44 crore worth of counterfeit notes were detected in the year 2004-5 as compared with Rs 2.76 crore in 2003-4. This allows the latest RBI Annual Report to note with satisfaction that the value of counterfeit currency detected has come ... More

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