Financial Daily from THE HINDU group of publications
Tuesday, September 21, 2004

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Oriental Bank eyes buys in Kerala — Narang favours organic expansion in eastern region
THE Chairman and Managing Director of Oriental Bank of Commerce (OBC), Mr B.D. Narang, is keeping a close watch on his diet. After devouring the erstwhile Global Trust Bank (GTB), Mr Narang is wary of another big meal including the fare put out ... More

Direct tax collections for April-Sept 15 period up 50 pc
NET direct tax collections of the Union Government have surged 50.7 per cent during April-September 15, 2004 at Rs 27,240 crore as against Rs 18,077 crore in same period last year. Tax collections during the first fortnight of this month has ... More

Kharif foodgrain output estimates lower
ERRATIC monsoons have taken their toll, with the Government on Monday estimating the country's production of kharif foodgrains during 2004-05 at 100.29 million tonnes (mt), against last year's corresponding level of 112. 04 mt. While output of ... More

Mallya ropes in JetBlue honcho to head Kingfisher Air
THE UB group Chairman, Mr Vijay Mallya's Kingfisher Airlines Ltd has inducted Mr Alex Wilcox as the Chief Operating Officer (COO) to head the proposed airline venture that is expected to start operations early next year. Mr Wilcox joins ... More

Aztec Software to buy Disha for $12.1 m
AZTEC Software and Technology Services Ltd will acquire Disha Technologies in a $12.1-million stock and cash deal. The Bangalore-based firm would fork out $9.6 million in cash and $2.5 million in stock towards the acquisition of the software ... More

RIL cuts polymer prices by Rs 2,000 per tonne
RELIANCE Industries Ltd (RIL) has announced a reduction of Rs 2,000 per tonne on prices of all types of polymers. The company said this has been done to help the Government efforts to battle inflation and contain consumer prices. RIL said ... More

Australia threatens to withdraw from series, says BCCI counsel
CRICKET Australia has threatened to pull out of the four-test series against India slated to begin on October 6, as broadcast rights are still not in place, Mr K.K. Venugopal, Counsel for the Board of Control for Cricket in India (BCCI), told the ... More

`Newspapers have come back strongly fighting against odds'
NEWSPAPERS have made a strong comeback after a tough decade marked by economic recession, newsprint price crisis, new competitive challenges from cable and satellite broadcasting and the changes provoked by the rapid growth of the Internet. ... More

Leeladhar appointed RBI Dy Governor
MR V. Leeladhar, Chairman and Managing Director, Union Bank of India and Chairman, Indian Banks' Association, has been appointed Deputy Governor of the Reserve Bank of India with immediate effect. Mr Leeladhar on Monday received the ... More

GSLV places Edusat in orbit successfully
TODAY was another important day for the Indian Space Research Organisation, as the GSLV-FO1 rocket took off into the skies as per plan and put its cargo, the Edusat satellite, into the designated orbital slot. The 1,950-kg Edusat is the ... More

PSU stocks shine in volatile session
SECONDARY markets witnessed volatile trading activity, as the benchmark Sensex moved within a band of 50 points before closing the day on a negative note. The 30-stock index fell 15.33 points (0.28 per cent). The Sensex opened firm at 5566.53 ... More

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