Financial Daily from THE HINDU group of publications
Sunday, November 14, 2004

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Interest costs rise for 460 firms in first half
BANKS have increased their loans to companies in the first half of this fiscal by 16 per cent. One would have thought that this must have also reflected in higher interest costs for the companies. Paradoxically, that has not happened and, ... More

Forex reserves surge by over $1 b
INDIA'S foreign exchange kitty was fortified by over $1 billion during the week ended November 5. Analysts ascribed the rise in reserves primarily to a revaluation of foreign currencies with the central bank, in addition to foreign investment ... More

AI proposes more flights to US, UK
AIR India, which plans to add two leased Boeing 777 aircraft to its fleet next month, has drawn up plans to expand the number of flights it operates to the US and the UK, a senior airline official said here on Saturday. AI plans to have a daily ... More

BILT on brownfield expansion drive; eyes high-value segments
BALLARPUR Industries Ltd (BILT), the country's largest manufacturer of writing and printing paper, is going in for a brownfield expansion drive to jack up its production capacity to 5,00,000 tonnes by the end of 2005-06 against an existing ... More

CLB stays its order on Ketan Parekh Group cos
THE Ketan Parekh Group (KPG) of companies can heave a temporary sigh of relief. The Company Law Board (CLB) has `temporarily' stayed the implementation of its earlier order, which had allowed the Union Government to further probe into 16 KPG ... More

Israel's LLD Diamonds to set up shop here
THE Jews who lost out in the battle for cornering maximum global volume of cut and polished diamonds to the Palanpuri Jains during the eighties and the nineties, thanks to the cheap and skilled artisans, who have migrated from all over the ... More

Insurance cover for patients in clinical trials mooted
AS safety-catches are being put in place to protect the "human subject" on whom a medicine is tested by a drug company — a silent demand is building on insurance companies to formulate schemes to cover clinical trials. "How much will a ... More

ONGC petro retailing plan in full swing
ONGC Ltd is pursuing its planned entry into the petroleum retailing sector in full swing. Having already finalised locations of a few, the company is confident of opening more than 10 outlets in the current fiscal. These will be under the ... More

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