Financial Daily from THE HINDU group of publications
Wednesday, March 03, 2004

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Norms set for Indian Depository Receipts
Stiff entry: $100 m capital + reserves, $500 m average turnover

COMPANIES incorporated outside the country can now raise resources from the Indian capital market with the Government notifying norms for issue of Indian Depository Receipts (IDRs). However, only strong overseas companies would be allowed ... More

Prices of HR steel hiked
IN a move that may embarrass the Government, domestic steel manufacturers are understood to have implemented a hike in the prices of hot rolled (HR) steel by around Rs 3,000-Rs 4,000 per tonne on Tuesday. This is despite the written undertaking ... More

Less savings from outsourcing than expected: Study
People-related expenses, including training needs and cultural issues, are not sufficiently examined when companies decide whether and where to source their work. More

SEBI nod for ONGC participatory notes
THE Securities and Exchange Board of India (SEBI) has informed the Government that the associates of book-running lead managers can be allowed to issue participatory notes for the public offer for sale of 10 per cent equity in ONGC, which is set ... More

Funds' move to trigger open offer for Matrix
`THE `mode of acquisition' of equity holding in Matrix Laboratories Ltd by two global funds - the US-based NewBridge Capital and the Singapore Government-owned Temasek Holdings — is heading towards triggering an open offer to the Matrix ... More

Reliance Energy raises $178 m via bonds issue
POWER generation and distribution company Reliance Energy Ltd, formerly BSES, has raised $178 million (Rs 805 crore) through foreign currency convertible bonds (FCCB) on Monday. The bonds have a maturity of five years and will have zero ... More

Patent challenges: Pharma cos walking a tightrope
"The companies factor in various parameters into their plans as they continue to walk the risky path, as a `hit' would translate into a jack-pot." More

Defaulters beware, banks might bar you!
DEFAULTING on one loan may land you in trouble. You might just find yourself unable to get another loan, a credit card or even a mobile phone connection! Commercial banks and telecom companies in the country are gearing up to share negative ... More

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