Financial Daily from THE HINDU group of publications
Friday, September 10, 2004

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SC recalls order granting Rs 803-cr excise relief to ITC
IN an unprecedented action, the Supreme Court recalled its own judgment within minutes after it was pronounced this morning giving relief in excise duty of Rs 803 crore to ITC Ltd. A Bench of Ms Justice Ruma Pal and Mr Justice P. Venkatarama ... More

Govt to amend laws to facilitate merger of PSBs
THE Finance Minister, Mr P. Chidambaram, today said that the Government would encourage consolidation within public sector banks and would help bring about a favourable legislative framework that would facilitate mergers. However, he said that ... More

PM for development strategy to ensure high economic growth
THE Prime Minister, Dr Manmohan Singh, on Thursday underlined the urgent need for a development strategy that puts in place corrective measures to achieve a sustained high economic growth rate. In his opening remarks at the full meeting of the ... More

HC asks Zee, ESPN to make fresh bids
THE Bombay High Court today suggested that ESPN-Star Sports and Zee TV make fresh and final bids for the rights to broadcast national and international cricket matches to be played in India between October 2004 and September 2008. This time ... More

Cricket telecast: Opportunity for lost bidders
EVEN as Zee Telefilms chalks out its strategy for the cricket rights, legal experts are of the opinion that the Bombay High Court's suggestion for a fresh round of bidding could open options for the other broadcasters who had lost out in the ... More

Karnataka clears projects worth Rs 23,320 cr
THE Karnataka Government's high-level committee on Thursday cleared 11 major investment proposals totalling nearly Rs 23,320 crore. These include projects of Cipla, ONGC-MRPL, Jindal Thermal and MCF and would be executed on a fast-track basis. ... More

GAIL strikes oil in Cambay — Inks pact with Enpro, GSPC
GAIL (India) Ltd, in association with Gujarat State Petroleum Corporation (GSPC), has struck oil in the Cambay basin (block CB-ONN-2000/1) in Gujarat. The recoverable reserves, based on initial test results, are estimated to be roughly 10 million ... More

Now, book train tickets thru mobile
SUBSCRIBERS of Hutch and Reliance in Delhi and National Capital Region can now use their cell phones to get their train tickets booked and delivered, provided they have credit cards. However, while only those Reliance subscribers who use ... More

Calcutta HC allows M.P. Birla's sisters' plea on probate
MR Justice K.J. Sengupta of the Calcutta High Court on Thursday allowed the petition of two sisters of the late M.P. Birla, namely Ms Laxmibai Newar and Ms Radha Mohta, seeking court order to treat the probate petition of Mr R.S. Lodha as ... More

BodhTree develops ePaper for publishing industry
BODHTREE Consulting, a Hyderabad-based software solutions provider, has announced a new technology solution - - ePaper that targets newspapers and the publishing industry. It has partnered with a Malaysian and a Thai company to reach out ... More

A good day for mid-cap engineering stocks
IT was a listless day for equities with a splash of red dominating the scorecard. Even in the category of small-cap and mid-cap stocks that have been on an uptrend in recent weeks, profit-bookings led to weakness. The CNX Mid-Cap 200 Index ... More

Construction stocks betting on infrastructure boom
THOUGH the stock of construction companies such as Nagarjuna Construction Co (NCC) and Hindustan Construction Company (HCC) ended the day in negative territory, going forward the market appears bullish on the sector. This was also evident in ... More

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