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Friday, February 27, 2004

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SEBI back on high alert, warns of strict action
THE Securities and Exchange Board of India (SEBI) has stepped up efforts to detect price manipulation on the stock market, especially in shares of PSUs that are being divested. Mr G.N. Bajpai, Chairman, SEBI, today said that the stock market ... More

Sensex falls further, PSUs gain some support
THE Disinvestment Minister, Mr Arun Shourie's statement continued to impact the stock market with indices losing further on sustained selling. However, there was some buying in PSU stocks that are being divested. After opening firm in the ... More

IBP public offer subscribed 75 pc of issue size
AFTER languishing for the first three days, the public offer of IBP received strong response from the investing community on Thursday with the issue being subscribed almost 75 per cent of the offer size. The issue of Dredging Corporation also ... More

Govt assurance to IFCI staff on salaries post-PNB merger
AMIDST the prevalent concern over their future, the IFCI employees have been shown a silver lining by the Ministry of Finance. The Ministry has assured them that their salaries would be protected after the merger of their parent institution ... More

Pfizer withdraws liquid Gelusil from market — Snaps ties with contract firm
CONSUMERS used to gulping a few capfulls of antacid Gelusil after a heavy meal, could do well to first check the manufacturing date. Pfizer India, the company owning the Rs 20-crore Gelusil brand, has withdrawn all dosage forms of its liquid ... More

Air Deccan to connect more cities with cheaper fares
IF you feel that flying is expensive business, think again. Come July, Air Deccan plans to launch flights between the five metros of Delhi, Mumbai, Bangalore, Hyderabad and Chennai, at fares that will be 40-50 per cent less than the existing ... More

Cricket rights: Prasar Bharati appeals to TRAI
WITH just a couple of weeks left for the Indian cricket team to tour Pakistan, the national broadcaster Prasar Bharati, on behalf of Doordarshan, has stepped up efforts to acquire terrestrial broadcasting rights for the series. The Prasar ... More

AICTE may fix ceiling on technical education fees
THE All-India Council for Technical Education (AICTE), a statutory body regulating technical education, plans to establish ceilings on the fees chargeable by technical education institutions in the country. The ceilings would at best serve as ... More

The message comes with the meal dabba
GUESS what has come with the dabba today, not the run-of-the-mill sachet of digestive to follow the heavy lunch; strung on to the rusty handle is a mailer from an insurance company to sell its policy. With the year-end approaching and ... More

Bay of Bengal, Arabian Sea surface temperatures vary
DIFFERENCE in the structure and magnitude of prevailing winds has been found responsible for keeping the mean temperature of the top 50 metres of the Bay of Bengal warmer than that of the Arabian Sea during the summer monsoon. The genesis of ... More

`Home loans may turn dearer'
HOUSING finance lending rates are likely to harden as the incremental returns on housing finance loans are very low, a study by Crisil has said. The incremental return on equity for banks on its housing finance business is at 9 per cent as ... More

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