The Hindu Business Line : Wednesday, February 22, 2006

MFs may get more leeway for overseas investments
Restrictions likely on exposure to shares of individual companies
THE Government could soon announce a more liberalised overseas investment regime for the mutual fund industry with the rider that fund houses would have to comply with stringent regulatory restrictions on exposure to shares of individual ... More

SBI hikes home loan rates by 25-75 bps
STATE Bank of India on Tuesday hiked interest rates on its home loans by 0.25 to 0.75 percentage points, across all tenors in the floating and fixed interest rate category. In a statement to the Bombay Stock Exchange, the bank announced that ... More

`Company hasn't supplied any infected chicks'
MR O. P. Singh, Chief Executive Officer of Venkateshwara Hatcheries, has categorically stated that the company, per se, has not received any show-cause notices from the District Magistrate of Nandurbar. Mr Singh told presspersons on Tuesday ... More

Maharashtra issues notice to Venkateshwara Hatcheries — Sourcing bird flu-affected chickens
VENKATESHWARA Hatcheries Ltd has been served a show-cause notice by the District Collector of Nandurbar, seeking an explanation why action should not be taken against the company for allegedly sourcing bird flu-affected chickens from two ... More

Fund buying lifts Sensex 88 points
PUTTING aside the bird flu scare, the stock markets continued their upward journey on Tuesday on short covering and fund buying, dealers said. The BSE Sensex hit a new all-time high mid-way through the session to touch 10195.51, before settling ... More

Traditional items drive export growth in April-Nov
THREE traditional products such as ores and minerals, gems and jewellery and engineering goods and unconventional item such as petroleum products which together constitute more than half of the country's overall exports acquitted themselves ... More

GAIL notice to BSE — Panna-Mukta-Tapti team to approach Oil Ministry
THE controversy over supply of natural gas by Panna-Mukta-Tapti (PMT) joint venture (between ONGC, British Gas and Reliance) to GAIL (India) Ltd is unlikely to die down quickly. The joint venture will soon approach the Union Ministry of ... More

IT industry to urge Bush to raise H1-B visa cap
THE information technology industry would pitch for increasing the number of H1-B (non-immigrant) visas and a mechanism to refund the social security taxes paid by the Indian professionals in the US, when President Mr George Bush visits India ... More

Logix shortlists two US cos for buy-out — Board meet today to discuss fund-raising
LOGIX Microsystems Ltd, a provider of enterprise business solutions, has shortlisted two US companies for acquisition and may conclude a deal sometime in the irst quarter of the next financial year, said the Managing Director, Mr Sanjay Soni. ... More