The Hindu Business Line : Saturday, February 25, 2006

Railway Budget — Lalu takes on low-cost airlines, drops AC fares
After managing to stem the increased diversion of freight traffic to road, the Railway Minister, Mr Lalu Prasad, has now trained his guns on low-cost airlines. In a bid to prevent the likes of Air Deccan and SpiceJet from weaning away upper ... More

HSBC sells 7.19 pc in UTI Bank for Rs 638 cr
Trimming equity stake in accordance with RBI guidelines, HSBC Bank today sold two crore shares of UTI Bank in a bulk deal that also fetched it a handsome profit. The sale price was Rs 318.61 for shares originally bought at Rs 90 in June 2004 ... More

BhOB board not to renew CEO contract — IPO scam cited as reason behind it
The board of directors of the Chennai-based Bharat Overseas Bank Ltd (BhOB) has decided not to renew the contract of its Chairman and Chief Executive Officer (CEO), Mr G. Krishna Murthy. His tenure is due to come to an end in ... More

Farming out new job market — Agri-biz courses arrive in a big way
Two years ago, Mr Anand Rajan quit his job at a biotech company in Mumbai and took up a post-graduate programme in agri-business management at IIM-Ahmedabad. And today, he has been offered a $65,000-a-year job by the Singapore-based supply chain ... More

Fall in agri items price pulls inflation lower
Rise & fall

Increase was sharp in prices of raw wool, rubber

Dip was pronounced in raw cotton, cottonseed groudnut More

Satyam sees rise in ITES revenues
Satyam Computer Services expects a significant increase in revenues from IT enabled services (ITES) in the near future as result of some initiatives it intends to take in the days ahead. The company plans to leverage on the growth likely to be ... More

Chip sector seeks sops for mega projects
PSUs funding
The association is also seeking a larger role for Indian public sector undertakings in funding of semiconductor manufacturing projects in the country. Since PSUs have large funds, the move will offer corporate tax-breaks on the ir investments. More

Birlas want probe by Telecom Dept
Story so far
Feb 8- Birla alleges Tata violating licence norms with stake in both Idea and Tata Tele. Urges DoT to get Tata exit Idea
Feb 16- Tatas say share in Idea legal. Terms Birla's allegations misleading
Feb 22- Birla sho ots off second letter questioning Tata holding in Idea through
Mauritius based company. Tatas says DoT should be concerned with direct holdings onlyFeb 24- DoT says it will intervene in the dispute after looking through the details
More