Financial Daily from THE HINDU group of publications
Tuesday, June 15, 2004

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Domestic air travel to cost 10 pc more
THE good times for domestic air travellers will soon come to an end. Domestic air travel is set to become more expensive, at least by 10 per cent, by as early as the third week of this month. Official sources confirmed to Business Line ... More

UPA agrees on marginal hike in petrol, diesel prices
PETROL and diesel prices could go up by about Rs 1-1.50 per litre from June 16, with nearly all constituents of the ruling United Progressive Alliance (UPA) Government agreeing to a marginal increase in prices. The Union Cabinet is likely to ... More

RBI moots intense supervision of financial conglomerates
THE Reserve Bank of India has proposed to illuminate the complex but largely opaque workings, especially inter-group transactions, of some of the country's largest financial conglomerates. An inter-regulatory working group of the RBI, SEBI and ... More

Bharti to surrender fixed line licences in four circles
BHARTI Tele-Ventures Ltd has decided to surrender four of its fixed line services licences to the Government and claim a refund of Rs 145 crore paid for them. The company said that it has informed the Department of Telecommunications that it ... More

Hutch seeks FIPB nod to consolidate group companies
HUTCHISON Max Telecom today said it has sought the approval of the Foreign Investment Promotion Board to consolidate its various telecom interests in India under a single entity. According to a press release issued here, Hutchison Max has ... More

Dividend yield stocks back in vogue
WITH the stock market on a downward move, stocks brokers have now turned to defensive stocks providing good dividend yield. Their argument is that dividend yield stocks not only help in constant flow of income (that too tax-free) but help avoid ... More

Manoj Vaish quits as BSE chief
DR Manoj Vaish, Executive Director and Chief Executive Officer of the Stock Exchange, Mumbai (BSE) has resigned. The governing board of the exchange at its meeting held on Monday accepted the resignation of Dr Vaish, who has expressed his ... More

Pharma cos cash in on stress-related ailments
LIFE-STYLE related chronic ailments due to stress may be taking a toll on the present generation, but pushing drugs to tackle these ailments is a focus area for pharmaceutical companies. The segment, which mainly includes anti-diabetes, cardiac ... More

Car sales rise 9.88 pc in May
A TOTAL of 60,618 cars were sold in May, showing a 9.88 per cent increase as compared with sales of 55,165 units in the same month in 2003. Bus and truck sales registered a 50 per cent growth in sales at 23,432 units against 16,626 units in ... More

Asia in `potential path of 100-year flood'
THE Asian continent may bear the brunt of the potential flood hazard, which is expected to affect the lives of an estimated two billion people worldwide by the year 2050. A United National University study would attribute the `calamitous ... More

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