Financial Daily from THE HINDU group of publications
Wednesday, June 30, 2004

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IMD predicts normal rainfall in July — Lull to end by Sunday; repeat of 2002 ruled out
AFTER the good round of showers during the pre-monsoon period (March-May) and the opening month of the Southwest monsoon season (June-September), the country is expected to receive normal rainfall in July as well. According to the India ... More

Hutch plans Rs 1,500-cr IPO
CELLULAR service provider Hutchison Essar is planning to raise about Rs 1,500 crore through an initial public offering by the end of the year. The company plans to offload 10 per cent of its equity to the public in one of the biggest float in ... More

`Special defences must for financial stability'
COUNTRIES such as India need to put in place special defences to ensure financial stability as they faced with the prospect of volatile capital flows, according to Dr Y.V. Reddy, Governor, Reserve Bank of India. "Many emerging market economies ... More

Security code non-compliant ships' entry is ports' call
INDIAN ports will have the freedom to decide on a `case-to-case basis' whether to allow entry to ships that are non-compliant with the International Maritime Organisation's (IMO) International Ship and Port Facility Security (ISPS) Code, which is ... More

IA to lease 11 Airbus A-319s for Alliance Air
INDIAN Airlines is to shortly issue fresh tenders for taking on lease 11 Airbus A-319 aircraft. Official sources said that the airline plans to take on lease all the aircrafts by June next year for a period of five years. The airline has set ... More

Govt withdraws IIM fee cut order
THE ongoing controversy over the fees of the Indian Institutes of Management (IIMs) has been resolved with the Government deciding to withdraw the NDA Government's directive calling for a major cut in fees. After meeting the IIM Chairmen and ... More

HLL's new distribution system to reach more consumers
FMCG major Hindustan Lever Ltd (HLL) on Tuesday unveiled plans of reinventing distribution so as to redefine current channels and look at creating new channels. Clearly, competition was the main thrust for this change in its area of ... More

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