Financial Daily from THE HINDU group of publications
Monday, July 12, 2004

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ICICI, HDFC Bank may seek higher exposure in capital market
PRIVATE banks are set to lead the fresh charge into the stock market by the sector in the wake of the announcement in the Union Budget of allowing higher capital market exposure for select banks. The Finance Ministry officials said that HDFC ... More

Drug prices likely to go up 2-4 pc
FOR consumers complaining about the creeping increase in the price of medicine, the going is set to get worse. Drugs are likely to see a price increase of 2-4 per cent as an aftermath of Budget 2004-05, according to pharma industry ... More

`New biotech policy in 6 months'
THE Centre is expected to frame a new biotech policy within six months while a regulator for the sector will be in place within two years. Dr M.K. Bhan, Secretary, Department of Biotechnology told a conference on biotechnology on the occasion ... More

Bajpai to meet Chidambaram today
THE Securities and Exchange Board of India (SEBI) Chairman, Mr G.N. Bajpai, will meet the Finance Minister, Mr P. Chidambaram, here on Monday. Indications are that the Budget proposal on levy of 0.15 per cent tax on transactions entered in a ... More

Imported PCs may cost less than assembled ones
Even as MAIT continues parleys with officials of IT Department, it is learnt that removal of CVD on components and inputs may prove to be difficult as some of these are dual usage items. More

Chauhan to take Bisleri to US
THE water king, Mr Ramesh Chauhan, is now set to take brand Bisleri across the globe. The man who sold off all his well-entrenched beverage brands to Coca-Cola in India has tirelessly rebuilt his fortunes around Bisleri, despite stiff competition ... More

Is it back to bank credit for cos?
ARE corporates finally starting to borrow funds from banks instead of raising money from the markets? Going by the latest figures released by the Reserve Bank of India, it appears that a number of them have been doing that. It indicates that ... More

`Goods, services exports can top $200 billion'
Dr Prasad said export subsidies on farm goods of developed countries remain high with OECD per capita subsidies for cows and cotton being higher than OECD per capita aid for sub-Saharan Africa. More

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