The Hindu Business Line : Wednesday, May 18, 2005

Market crash of May 17, 2004 — SEBI clamps down on UBS Securities
THE Securities and Exchange Board of India on Tuesday barred UBS Securities Ltd from issuing offshore derivative instruments for one year, following the investigation into its activities on May 17, 2004, the day the stock markets collapsed. ... More

Maran not in favour of entry fee for 3G services
THE Communication and IT Minister, Mr Dayanidhi Maran, today indicated that existing operators would not be asked to pay an entry fee for offering third generation (3G) services. Mr Maran said that the Government would not take any step that ... More

Maharashtra move on equitable power cuts
THE Maharashtra Electricity Regulatory Commission (MERC) today called for peoples' comments on the State Electricity Board's proposed shedding schedules for power cuts. The Mumbai High Court had directed the Maharashtra State Electricity Board ... More

Tata Motors Q4 PAT up 32.72 pc
TATA Motors Ltd on Tuesday reported a 32.72 per cent rise in profit after tax for the quarter ended March 31,2005, to Rs 388.17 crore from the previous year's corresponding period's Rs 292.47 crore. Net sales/income from operations was up ... More

New policy framework for financial sector — Chidambaram urges industry to have dialogue with parties
THE Finance Minister, Mr P. Chidambaram, today said that a new comprehensive policy framework for the financial sector is in the works. The new policy, which would cover banking, pension, insurance and capital market, is expected to be ready by ... More

4 pc tax sop to SEZ goods sold to DTA
THE Finance Ministry has notified that goods produced or manufactured in a special economic zone and brought to any other place in India are exempted from the 4 per cent additional duty of customs. The revenue department has issued a ... More

Exports post 17.2% growth in April
EXPORTS during the inaugural month of the current fiscal clocked a robust 17.20 per cent growth at $6,567.99 million against $5,603.96 million in April 2004. In rupee terms, the exports were Rs 28,729.18 crore, which is 16.70 per cent higher than ... More