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Pullouts hurt new equity funds
MANY investors subscribe to new share offers by companies in the hope of selling the stock on listing and making a quick buck in the bargain. Investors now seem to believe they can do the same with mutual funds as well. After garnering ...
Delhi, Mumbai airports revamp Govt likely to consider 5-year traffic projections
THE Government's proposed modernisation and restructuring plans for Delhi and Mumbai airport could see infrastructure being created much ahead of airline and passenger demand reaching its peak at the two metro cities. Official sources told ...
Lawyers may find it tough to get on co boards
BEGINNING April 1 lawyers may not find it easy to join on the boards of companies. The new corporate governance norms would prohibit partners of legal firms who have had "material association" with a company to take a seat on the board of the ...
FIIs inflows will slow down in 2005: Survey
WITH the dollar gaining in strength against major currencies and the hardening of US interest rates, India's top CEOs and CMDs feel that the crucial FII investment into the Indian stock market will slow down in the initial months of 2005, a ...
French aircraft co ATR to set up training centres in India
FRANCE-based small aircraft manufacturer Avions de Transport Regional (ATR) plans to set up an aircraft maintenance centre and a training centre for pilots in India. The training centre will be set up in collaboration with the low-cost ...
New drawback rates based on weight irk textile sector
The Government's recent notification on revised rates forduty drawback, where the drawback rates are fixed in terms of the weight of the exported product instead of its value, has the industry up in arms. While the move is largely aimed at ...
PSBs merger plan on a sticky wicket Left parties, unions in no mood to relent
INDIA'S traditional troubles with the opening pair on the cricket field are spilling over to the banking arena. The Government scorekeepers for bank mergers are a worried lot with the pair selected to open the consolidation innings - Union ...
Applicability date for revised accounting norms on employee benefits under review
THE date of applicability of the revised accounting standard on `employee benefits' is under review. A technical glitch may compel the Institute of Chartered Accountants of India (ICAI) to abstain, for the time being, from specifying the date ...
Nurses the new goodwill ambassadors!
CAN Uncle Sam's pet grouse against outsourcing to India be nursed back into a healthy working relationship? Away from the heat of the out-sourcing debate - Indian nurses are, rather inadvertently, becoming goodwill ambassadors for the ...
Indian Khadi designs get a Swiss touch
KHADI is an all-Indian effort, right? Perhaps not. The next time you are in Switzerland, do not be surprised if you find a few khadi-clad Europeans. The Confederation for Promotion of Khadi and Village Industries (CPKVI), the organisation ...
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