Financial Daily from THE HINDU group of publications
Thursday, December 16, 2004

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FII flows keep the market afire
THE Sensex and the Nifty breached all records today to close at their all-time high levels. In a pre-Christmas party of sorts, foreign institutional investors are pumping in never-before sums of money into Indian equities, helping the indices in ... More

The Hindu launches online image library
THE Hindu Group of Publications launched an online image library, in Chennai today. The Web site contains more than 40,000 images from The Hindu Group's vast ... More

Will boom continue or is correction due?
WITH the bourses on fire, the question that is uppermost in the minds of investors and other market participants is whether the capital market values are too high and, therefore, due for a correction. Mr Prashant Jain, Chief Investment Officer ... More

Spat may hit Reliance's strategic direction: S&P
THE ongoing spat between Reliance Industries Chairman, Mr Mukesh Ambani, and Vice-Chairman, Mr Anil Ambani, could affect the group's strategic direction, according to international credit rating agency Standard & Poor's. The differences could . More

Sun Pharma looking at acquisition in US
Sun Pharma has invested about Rs 60 crore in infrastructure and equipment in the R&D centre , a company official said. An additional Rs 50-crore worth of equipment had also been shifted to the new research centre More

`Mergers will help PSU banks to compete globally: Chidambaram
PITCHING strongly in favour of mergers among public sector banks, the Finance Minister, Mr P. Chidambaram, on Wednesday said that larger size would provide banks the wherewithal to take on international competition and would also enable them to ... More

CCEA clears Rs 1,000-cr package for ITI
THE Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a Rs 1,001-crore revival package for Bangalore-based Indian Telephones Industry (ITI) Ltd. According to the plan, the government will provide Rs 601.53-crore interest free ... More

Cabinet okays employment guarantee Bill
THE Union Cabinet on Wednesday approved the introduction of the proposed National Rural Employment Guarantee Bill and the Right to Information Bill during the current session of the Parliament, the Minister for Information and Broadcasting, Mr ... More

Sugar prices likely to peak early next year
While a section of the millers feel that the prices could stagnate at Rs 1,500-1,550, some feel the prices could reach around Rs 1,700 a quintal and higher during February-March. More

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