Financial Daily from THE HINDU group of publications
Tuesday, September 07, 2004

Cross Currency


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Zee eyes tie-up with Ten Sports — Turner group too interested
THE lure for big bucks from cricket seems to be bringing together rivals in sports broadcasting. After bagging the rights to the matches organised by the BCCI in India for $308 million, the Zee group is believed to be in talks with the ... More

ESPN-Star Sports moves Mumbai HC
ESPN-Star Sports on Monday announced that it has challenged the BCCI's decision to award conditional allotment of telecast rights for all cricket to be played in India to Zee Network in the Mumbai High Court. The ESPN-Star Sports Asia Managing ... More

SEBI amends takeover code to smoothen debt recovery
THE Securities and Exchange Board of India (SEBI) has now stepped in to help banks and financial institutions in their efforts to tackle non-performing assets (NPAs). In what would substantially smoothen the process of recovery of bad debts, ... More

Pension reforms draft moots three types of funds
EQUITY exposure of pension funds would initially only be allowed in index funds, according to the draft proposal for pension fund regulation. The Pension Fund Regulatory and Development Authority's (PFRDA) guidelines, which will mandate this, ... More

Raha warns vendors against lobbying
MR Subir Raha, Chairman and Managing Director, Oil and Natural Gas Corporation Ltd, today warned vendors trying to bring political intervention for securing deals that they could be banned from participating in future contracts. "There are ... More

Pvt telcos suspend threat to stop access deficit charge payments
CONSUMERS fearing disruption in telecom services from September 10 can now relax, as private operators have softened their stance on stopping access deficit charges (ADC) payments to BSNL. The operators have decided to put a hold to their ... More

Farm credit: Targets are fine, but more is needed
ON June 18, the Finance Minister, Mr Chidambaram, wrote a `Redeeming the Promise' letter to all Chief Ministers. The letter stated that `in 2003-04, the total flow of agricultural credit had been estimated to be Rs 80,000 crore;' and went on ... More

Tata Motors, Zee Tele see star attraction
IN keeping with the trend in recent weeks, much of the market action on Monday's trading was outside of the bellwether indices. Both the market indices notched up marginal gains during the day, with the BSE Sensex gaining 28 points to close at ... More

I-T refund via ECS
SALARIED taxpayers in 12 cities can now get their refunds, if any, directly credited in their respective bank accounts. The Income Tax department has introduced electronic clearance scheme (ECS) for refunds up to Rs 25,000 in cases of salaried ... More

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