Financial Daily from THE HINDU group of publications
Monday, August 09, 2004

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Govt studying options on pvt bank voting rights
THE Finance Minister, Mr P. Chidambaram's casting vote could finally decide the fate of the voting rights in private sector banks. The NDA Government's Bill had aimed at removing the voting right cap by deleting the section restricting such ... More

Inflation rate higher than expected, admits RBI
THE Reserve Bank of India (RBI) Governor, Dr Y.V. Reddy, today admitted that the latest inflation rate at 7.5 per cent reported for the week ended July 24 was higher than what the central bank had originally expected. In the Monetary and Credit ... More

BSNL accuses pvt cell operators of encroaching on radio frequency
BSNL has said that as a consequence of the misuse by private operators, the quality of its own cellular service was deteriorating, leading to loss in revenue and reputation. More

Tourist arrivals sustain growth trend in first half
THE healthy growth in tourist arrivals that began towards the second-half of last year has been maintained in the first-half of the current year as well. Foreign tourist arrivals in the country have increased by 24.3 per cent to 15.6 lakh in ... More

4 Chennai leather firms to set up units in J&K
FOUR leading leather companies from Chennai, including one that makes shoes for Florsheim brand, have committed to set up facilities in Jammu & Kashmir (J&K) either on their own or through collaborations with local partners. Mr M.M. Hashim, a More

Govt approval cloud hangs over Zee business channel plans
A FRESH round of controversy may be brewing in the broadcasting sector with the Zee Group firming up plans to launch a business news channel on the direct-to-home (DTH) platform shortly. While sources in the Information and Broadcasting (I&B) ... More

Steel pipe makers to add capacity on rising demand
GROWING oil and gas demand across the world and the zeal with which oil companies are investing on adding pipeline infrastructure promise higher revenues for Indian steel pipes makers. Saw Pipes Ltd, Man Industries (India) Ltd, PSL Holdings and ... More

As global pressure increases on equities — Indices may suffer amid volatility
A fire-fighting effort by the government regarding inflation is on the cards. But the impact of it may not be felt much on the ground until the broad picture turns positive. More

Bajaj sells 1 lakh CT 100 bikes
Bajaj Auto has set up a record by selling one lakh CT 100 bikes in 81 days since its launch in May in the country, according to Mr B.K Senapathi, regional sales manager. At a press meet here on Sunday evening, he said it was an instant hit in ... More

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