The Hindu Business Line : Wednesday, December 31, 2003

Sensex ends flat after 120 pt gain — High volatility marks day's trading; `correction overdue'
THE rally in stock prices over the last several sessions was snapped on Tuesday by profit booking that lead to high volatility and shaved-off the day's entire gain of almost 120 points from BSE's Sensex in the last one hour of trading. The ... More

PNs account for quarter of FII funds
A quarter of all foreign institutional investment (FII) is through participatory notes, the Securities and Exchange Board of India (SEBI) said on Tuesday. According to new data released by the regulator, the total value of underlying ... More

IA to resume flights to Pak from Jan 9
INDIAN Airlines will commence a twice-a-week flight on the Delhi-Lahore-Delhi sector from January 9. IA officials said that the flight is to be operated with a 145-seater Airbus A-320 aircraft every Monday and Friday. IA officials said that ... More

2 MNCs in race for L&T glass container business
THE board of directors of Larsen & Toubro on Tuesday gave its approval for divestment of the company's glass container division on a going concern basis; an extraordinary general meeting is to be convened for this purpose on February 3, ... More

CAs unhappy at `harmonisation'
CHARTERED accountants are displeased that the Government is putting fetters on their autonomous functioning in the name of bringing in uniformity in the legislations governing the three professional bodies. A section of the ICAI Council, which ... More

Resident but not ordinary resident: Taxing definitions
WITH the second Pravasi Bharatiya Samaroh round the corner, India Inc's pitch for a rethink on the definition of resident but not ordinary resident (RNOR) — a category of residential status for income-tax purposes — may become ... More

Operators told to offer Web access via ISPs
THE Telecom Regulatory Authority of India (TRAI) has directed all cellular and basic operators to allow their subscribers to access the Web through an Internet service provider (ISP) of their choice within 45 days. According to an official ... More

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