Financial Daily from THE HINDU group of publications
Tuesday, February 17, 2004

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US seeks enhanced trade as India raises BPO issue
INDIA has voiced its concerns over the backlash in the US on the issue of business process outsourcing (BPO) even as it reiterated its readiness to engage constructively with countries such as the US for bringing the failed multilateral trade ... More

FII inflows to persist despite IPO rush, say brokers
PUBLIC offers of around Rs 15,000 crore to Rs 17,000 crore in the next few weeks are unlikely to have any negative impact on the stock market or on the foreign fund flows to the Indian equity market, according to stock brokers and analysts. On ... More

TMB issue: Pact signed for share transfer
REPRESENTATIVES of the Nadar community entered into an agreement on Monday with Mr C. Sivasankaran, Chairman of Sterling group, to buy 34 per cent of the equity of Tamilnad Mercantile Bank from him. Eight individuals of the Nadar community ... More

Global Trust Bank mulls rights issue
THE capital-starved Global Trust Bank is considering a rights issue along with other options. Mr Sudhakar Gande, Managing Director, Global Trust Bank, immediately after the board meeting here on Monday said, "We are looking at raising Rs ... More

India pre-pays ADB loans worth Rs 5,294 crore
INDIA has pre-paid a portion of its foreign currency loans to the Asian Development Bank amounting to 123.11 billion Japanese yen (Rs 5,294.84 crore). The prepayment was made by purchasing necessary foreign currencies from the Reserve Bank of ... More

L&T to focus on nuclear, defence, aerospace sectors
LARSEN & Toubro's heavy engineering department (HED) is placing increasingly elaborate emphasis on the areas of nuclear power, defence and aerospace, having decided to place singular focus on high-end high technology (and high-margin) businesses More

SAIL plans to expand capacity to 20 mt in 8 years
THE Steel Authority of India Ltd (SAIL) proposes to expand its production capacity by around 66 per cent over the next eight years to 20 million tonnes per annum by the financial year 2011-12 from the present 12 million tonnes. The public ... More

SAARC nations impose ban on poultry imports
EVEN as officials of international agencies such as the FAO and the World Health Organisation (WHO) said that the threat of bird flu would continue for the next couple of months, health officials of the SAARC nations on Monday decided to ... More

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