Financial Daily from THE HINDU group of publications
Tuesday, April 13, 2004

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Citigroup to acquire full ownership of e-Serve — Offers public Rs 800 per share
Citigroup, however, said that it might not go ahead with the offer if the final price as determined by SEBI's delisting guidelines works out to more than Rs 800. More

SEBI calls for meeting with merchant bankers — May discuss ONGC allotment issue
SECURITIES and Exchange Board of India has called for a high-level meeting of merchant bankers on Tuesday. The agenda for the meeting is unstated but merchant-banking sources told Business Line that the meeting would discuss the ONGC ... More

S-W monsoon likely to be on time
THE keenly awaited south-west monsoon rains are expected to hit the shores of Kerala on time this year and are likely to be five per cent below average in June, according to the Bangalore-based CSIR Centre for Mathematical Modelling and Computer ... More

Hero Honda net jumps; to pay 1000 pc total dividend
THE country's largest two-wheeler manufacturer, Hero Honda Motors has announced a 25 per cent increase in net profits at Rs 728.3 crore in 2003-04 from Rs 581 crore in the previous fiscal, and also a massive 1000 per cent total dividend for the ... More

Four States shortlisted for Rs 200-cr third plant: Munjal
HERO Honda has short-listed four States for setting up its third manufacturing plant in the country. According to Mr Brijmohan Lall Munjal, Chairman, Hero Honda Motors, the four States are Tamil Nadu, Karnataka, Rajasthan, and Maharashtra, and ... More

Industry grows 7.4 pc in Feb
INDIAN industry continues to ride a buoyant wave, with the official Index of Industrial Production (IIP) recording a 7.4 per cent growth in February 2004, over and above the year-on-year increase of 7 per cent during the same month of the ... More

IT cos happy with DCA salary disclosure exemption
Heeding to the demands of the industry, the DCA had recently exempted IT companies from sharing the remuneration details in their annual reports. More

IIM-B defers decision on fee cut to early May
WITH four out of the six IIMs agreeing to slash their fees according to the HRD Ministry's order and IIM-Ahmedabad still fighting it out, IIM-Bangalore has decided to defer the decision by another month. Speaking to Business Line, Mr ... More

`Lack of outsourcing statistics hindering policy making'
The globalisation of knowledge work is spread over a wide spectrum of industries such as computers, semi-conductors and telecommunications, chemical engineering, textiles and food processing. More

Reforms, infrastructure must be top priority for new Govt: CII
THE Confederation of Indian Industry has released a 10-point agenda for the new Government at the Centre, which it feels is imperative to sustain a 10 per cent growth rate and make India a developed nation by 2020. In a statement, the chamber ... More

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