The Hindu Business Line : Wednesday, November 12, 2003

Unified licensing norms issued — No additional entry fee for cellular converts
IN the final step towards the unified licence regime for basic and cellular services, the Department of Telecommunications (DoT) has issued guidelines to enable the existing operators to switch over to the new licence in keeping with the ... More

SBI cuts rates for priority sector lending
STATE Bank of India has made credit to borrowers in the small-scale and agriculture sectors cheaper by around 25-100 basis points in some segments, effective November 1. Mr A.K. Purwar, Chairman, SBI, told Business Line, post-Credit ... More

Illiquid stocks turn active on BSE
PUNTERS and speculators are once again active in the stock market as was evident today on the bourses with every sixth or seventh stock traded on the BSE hitting the upper circuit. The intensity of the active buying was more in the "Z" ... More

ADB, 23 housing finance cos get to use Securitisation Act
THE Centre has sparked off fresh action under the Securitisation Act by allowing the Asian Development Bank (ADB) and housing finance companies (HFCs) to exercise powers provided under the legislation. In separate notifications issued on ... More

`Unsavoury police activities' — The Hindu seeks Central protection
THE Hindu on Tuesday asked the Deputy Prime Minister, Mr L.K. Advani, for Central forces to protect its building and employees. The Editor-in-Chief, Mr N. Ram, said he approached the Centre because of the "undesirable and unsavoury police ... More

Correction in offing, says Crisil caution on high stock prices
CREDIT Rating Information Services of India Ltd (Crisil) has warned that Indian stocks are beginning to look expensive in a pan-Asian context and that a significant correction is likely by the end of the year. The view expressed by the Crisil ... More

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