Financial Daily from THE HINDU group of publications
Monday, October 18, 2004

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Entry norms for pvt banks may be relaxed — Ministry seeks scaling down of Rs 300-cr capital requirement
SOFTER entry norms for private sector banks might be in the offing with the Finance Ministry nudging the Reserve Bank of India to scale down the proposed Rs 300-crore minimum capital requirement. The indicative minimum capital limit has been ... More

India initiates moves for Asian crude price marker
THE Petroleum & Natural Gas Ministry has got a positive response for its push for a Brent-like Asian marker for crude oil prices. The Ministry expects to host a conference of Asian petroleum buyer and seller countries in January 2005 to discuss . More

NTPC issue attracts $15b, 260 FIIs
THE offering of NTPC shares created the highest ever demand for any equity issue in India in value terms and attracted the largest number of foreign institutional investors. The NTPC sale of over 86 crore shares comprising 10.5 per cent of the ... More

US move to clamp down on Chinese textile imports may benefit India
INDIAN textile exporters could well be looking at the possibility of a clean sweep of the global markets from January next year. Indian suppliers could gain market share at the expense of their Chinese counterparts, with the US and another 50 ... More

BSNL plans big broadband push in 4 States
BHARAT Sanchar Nigam Ltd's biggest broadband push is being planned in Tamil Nadu - in terms of the number of cities being covered. Of the 198 cities being covered by the state-owned company for offering broadband services, 21 cities are ... More

Chidambaram for `healthy debate' on job reservation
THE Union Finance Minister, Mr P. Chidambaram, has called for a "healthy debate" on the issue of reservation of jobs in the private sector and appealed to all not to "become emotional and take extreme positions." Speaking at a `Conference of ... More

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