Financial Daily from THE HINDU group of publications
Thursday, July 15, 2004

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UTI MF seeks exemption on long-term capital gains
UTI Mutual Fund, the country's largest mutual fund, has written to the Finance Ministry seeking to extend the proposal on long-term capital gains tax exemption for securities transactions to mutual funds. It has also suggested that the ... More

Govt to review NDA's urea distribution policy: Paswan
THE new United Progressive Alliance (UPA) Government headed by the Prime Minister, Dr Manmohan Singh, would review the urea distribution policy of the previous National Democratic Alliance Government. This was stated by the Minister for ... More

SBI divests 37 pc in MF arm — Signs MoU with SocGen Asset Management
STATE Bank of India has decided to divest 37 per cent of its holding in its mutual fund arm, SBI Funds Management Pvt Ltd, to Societe Generale Asset Management, for an amount in excess of $35 million. Both parties have signed a memorandum of ... More

Dell slashes PC, notebook prices
THE prices of Dell PCs and notebooks in the Indian market have been reduced by six per cent following the recent exemption of excise duties on PCs. The Government's initiative to completely exempt PCs from excise duties will allow the company ... More

Control of MP Birla group — Universal Cables, Vindhya Telelinks hold the key
IT IS a complex web of interconnected ownership. But as the battle for control of MP Birla group companies hots up, the key to the eventual control of listed companies in the group centres on Universal Cables and Vindhya Telelinks. This is ... More

Birla family holds meeting; Lodha stays away from office
According to one view, a difficult problem in the transfer of assets, if and when the transfer has to be made, will be their segregation in cases where crossholdings are involved in the companies concerned. More

Priyamvada's will: R.S. Lodha files caveat
MR R.S. Lodha, responding to a threat challenging the legality of the late Priyamvada Birla's will, leaving the assets of the MP Birla group, valued at around Rs 5,580 crore, to him, has filed a caveat in all courts within the Kolkata ... More

`Democrat Kerry not against outsourcing'
THE soon-to-be official nominee of the Democratic Party Senator, Mr John Kerry, is an internationalist who has voted for free trade agreements, for free trade with China; and on the issue of outsourcing only stressing that the US should have a ... More

Ashok Leyland pitches for maintenance contract for Defence vehicles
ASHOK Leyland has sought annual contract for maintaining Defence vehicles. A suggestion to this effect was made by an official of the company to Vice Admiral P Jaitly, Chief of Material, Indian Navy, at a meeting organised here by the ... More

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