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Thursday, August 05, 2004

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Ministry has open mind on board set-up, holding cos
The main gain for the board members is that the Government has decided to drop the proposal of prescribing a retirement age for directors. More

Reliance finds more gas off east coast
RELIANCE Industries has made two gas discoveries — one of them major — in exploration blocks off the east coast of India. The announcement of these discoveries was made on Tuesday by Niko Resources, Reliance's 10 per cent partner ... More

Commodity prices turn bullish
PRICES of various commodities— from grains to milk to edible oils— are turning bullish since June-end, when monsoon began to play truant. Though monsoon has revived since last week, fears of lower productivity still haunt the market. As ... More

Animation, next BPO break
GOING by the contracts that Indian companies have been getting in recent months, India looks set to grab the next opportunity in outsourcing, to wit, 3D animation. Pentamedia Graphics, Toonz Animation, Paprikaas Animation, Crest ... More

Prescriptions may go generic
TAKING a cue from UK's National Health Service (NHS), the Government is looking at the option of asking the medical fraternity to prescribe generic drugs, in order to bring down the prices of essential drugs. Preliminary discussions have ... More

HDFC rate hike sets others thinking
CUSTOMERS of home-loans will soon start feeling the pinch of higher interest rates charged by banks and financial institutions. It is now clear that interest rates have not only bottomed out, but have started rising, as evidenced by HDFC's ... More

Frontline infotech stocks crumble
SPIKES in oil prices, steel prices, and even the interest rate on fixed rate loans by HDFC, appear to have been the major drivers of activity in the markets on Wednesday. The BSE Sensex declined for the second consecutive trading day this ... More

Unrelated diversification the new mantra
According to analysts, hedging the risks involved with being present in just one or two businesses seems to be the primary motive behind companies mapping into new areas with potential for growth. More

Coffee grower-members to get Rs 1,000 — Price stabilisation fund gets going
COFFEE growers subscribing to the price stabilisation fund (PSF) scheme unveiled by the Government in April 2003 will be the first beneficiary as 2003 has been declared a distress year for coffee. The scheme enables each coffee member-grower to ... More

More channels to ride wave of spirituality
SPIRITUALITY sure sells. After ETC Networks Ltd and the Times Group announcing plans to start religious channels, several such channels are set to be launched shortly. Among the prominent ones are Mata Amritanandmaya's channel called Amma, the ... More

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