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Friday, July 23, 2004

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Govt sounds Left parties on dumping insurance FDI hike
THE proposal to hike foreign direct investment (FDI) cap for the insurance sector could be the first casualty in the ongoing political battle over FDI with the Government understood to have expressed its willingness to the Left parties to put the ... More

`Birlas willing to consider out-of-court settlement'
THE Birlas have finally broken their silence and appear to have extended the olive branch by announcing that they are willing to go ahead with an out-of-court settlement with Mr R.S. Lodha. A formal announcement to this effect was made by Mr ... More

Satyam Q1 net profit rises 43 pc at Rs 173 cr
SATYAM Computer Services Ltd has recorded software revenues of Rs 771.50 crore (as against guidance of Rs 732 crore) and a net profit of Rs 173.48 crore for the first quarter ended June 30, 2004. It has registered an increase of 37.85 per cent ... More

Jet Air launches `Monsoon Super Apex' fares on 8 sectors
JET Airways on Thursday announced the launch of `Monsoon Super Apex' fares, which are as much as 20 per cent lower than the existing apex fares offered by it on eight metro routes. These include Delhi-Bangalore, Delhi-Chennai, Delhi-Hyderabad, ... More

Tata Steel Q1 net triples to Rs 745 cr
TATA Steel has reported a net profit of Rs 745.49 crore for the first quarter ended June 30, 2004, as against the previous corresponding Rs 267.07 crore. Net sales/income from operations amounted to Rs 3,164.65 crore (Rs 2,257.10 ... More

SEBI amends norms for employee stock options
THE Securities and Exchange Board of India (SEBI) has amended the Employee Stock Option Scheme (ESOS) and Employee Stock Purchase Scheme (ESPS) guidelines to include provisions of mandatory disclosures of employee compensation cost using fair ... More

Desalination tech can produce water at 25 paise a litre: Sibal
EVEN as the Finance Minister, Mr P. Chidambaram, has proposed the setting up of the country's first large desalination plant near Chennai with a 300 million litres per day (lpd) capacity - in the Union Budget - the Government today said ... More

Transaction tax cut brings cheer to markets
THE Government's decision to slash the transaction tax to 0.015 per cent appears to have cheered the day traders and institutional investors, as the secondary markets remained buoyant on Thursday. Good quarterly earnings recorded by some of the ... More

Corporates get out of g-secs; move into bank deposits
ANTICIPATING a hardening of interest rates, corporates have begun unwinding their Government securities holdings in a bid to avert losses. Sources said most of these corporates had bought into these securities last year as part of their ... More

As monsoon plays truant — Agro-chemical firms pin hopes on exports
If domestic sales get affected on poor rains, the companies could look at the overseas markets. More

Coke official visits India
COCA-COLA said today that its President - Bottling Investments, Mr Iral Finan, visited India recently. "He was here to give strategic inputs on how to drive the affordability strategy in the most efficient and cost effective manner and to ... More

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Top Stories
Tax modifications spell positive for MFs

New VRS for insurance staff likely

Satyam to spend Rs 150 cr on expansion this year — To open near-shore centre in Hungary

Cement, steel slowdown hits core sector growth

India left out of 6-nation pact for low-cost AIDS drugs

Iran lifts ban on India tea; exports set to resume

ACC first quarter net up 84 pc on higher realisation

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