Financial Daily from THE HINDU group of publications
Wednesday, November 17, 2004

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Govt looking at merger of PSU general insurance cos
THE merger virus is hopping over from the banking industry to the insurance sector. After sparking off an intense debate on the need to merge public sector banks, the Ministry of Finance has now initiated discussions on catalysing ... More

Gold at all-time high
DRIVEN by a bull run in the global market, gold prices in the country have touched an all-time high. While early trade on Tuesday saw prices register Rs 6,495 per 10 gm, prices actually touched even higher last weekend when most markets were ... More

ICICI Bank hikes deposit, lending rates
ICICI Bank today hiked deposit and lending rates, including those on home loans, by 0.25-0.75 percentage points. The bank said that the move was in line with market trends as interest rates across various maturities have increased during the ... More

i-flex acquires Equinox; to buy 33 pc stake in French firm
The size of these acquisitions are valued at $5 million each, according to Mr Makrand Padalkar, Chief of Staff, i-flex Solutions. More

More freedom for co-operatives, says Manmohan
THE UPA Government will soon bring a Constitutional amendment to ensure for the cooperative societies their rights to election, autonomous management and independent professional audit, the Prime Minister, Dr Manmohan Singh, said here on Tuesday. ... More

Large vegoil imports a cause for concern
WITH the arrival of an estimated 5.13 lakh tonnes (lt) of various edible oils last month, total imports during oil year November 2003-October 2004 registered were 44 lt, as per figures compiled by the Solvent Extractors' Association of India ... More

Price fall, higher input costs hit cement cos in southern region
In Tamil Nadu, the biggest market in South India, the wholesale price of a cement bag is about Rs 140 at present, a fall of 18 per cent over the last two months. More

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