Financial Daily from THE HINDU group of publications
Thursday, August 12, 2004

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Differential pricing for natural gas on cards — Power, fertiliser sectors to enjoy lower rates
THE Petroleum Ministry is actively considering a proposal to allow Oil and Natural Gas Corporation (ONGC) to charge differential rates for the natural gas produced by it, with power and fertiliser plants enjoying a lower tariff relative to other ... More

Sensex down 77 over inflation, oil worries
THE markets finally reacted to the high inflation and oil prices, with the benchmark Sensex falling 1.5 per cent on Wednesday. Commodity stocks were the worst hit. A hike in Fed rate also affected market sentiment. According to brokers, ... More

Meet today to discuss oil PSU cross-holdings
THE Petroleum Ministry is set to review its informal ban on the unlocking of cross-holdings of Indian Oil Corporation, Oil and Natural Gas Corporation and GAIL (India) Ltd in each other. The three public sector oil majors will be making a ... More

Tax techies, not products: Premji
THE Wipro Chairman, Mr Azim Premji, has asked the Karnataka Government to raise the professional tax levied on employees in the IT sector and review the State's move to hike sales tax on IT products and services. Mr Premji met the Karnataka ... More

Steel makers tie up coking coal supplies till 2005
INDIAN steel manufacturers have entered into a number of forward contracts in the international market for sourcing coking coal in the price range of $105-140 f.o.b. per tonne. According to industry sources, Steel Authority of India Ltd ... More

Indian CEOs find favour with new economy MNCs
MULTINATIONAL corporations are increasingly relying on Indian CEOs, at least when it comes to the new economy sectors. A dipstick survey of 100 top multinational corporations, that have their presence in the country through wholly or majority ... More

Pawar rules out duty cut in sugar, edible oil
THE Union Food and Agriculture Minister, Mr Sharad Pawar, has ruled out reduction of import duty on sugar or edible oil in the light of possible domestic supply constraints arising from erratic monsoon. "There is no proposal to reduce import ... More

Tinkering with customs duty will not help curb inflation
Nothing could be more damaging to the domestic oilseeds and sugar economy than a reduction in import duty at this point of time. More

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