Financial Daily from THE HINDU group of publications
Saturday, December 18, 2004

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Power Ministry told to consult Left, States on Electricity Act
CONCEDING to the Left parties' demand for a review of the Electricity Act 2003, the Prime Minister, Dr Manmohan Singh, has directed the Power Ministry to consult the Left parties and State Governments before bringing the matter to the Cabinet. ... More

SEBI plans changes in calculation of preferential issue pricing
THE Securities and Exchange Board of India is considering changing the method of calculation of minimum price of preferential issues. As per public comments received on the draft circular published earlier, the market regulator is considering ... More

Finance Commission proposes marginal tilt in favour of grants — For equalisation principle between States
ECONOMICALLY backward States may have reason to cheer over the recommendations of the 12th Finance Commission. The Commission has, in its report, suggested a marginal tilt in favour of grants in the balance between devolution of taxes and grants, ... More

BSNL, MTNL to offer high-speed Net at Rs 500
THE Government said on Friday that Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) would launch broadband services at a rate of Rs 500 a month for 256 Kbps throughout the country starting on January 15. While MTNL will ... More

Who will say cheers to Mallya on Monday?
AS UB Chairman Vijay Mallya turns 49 on Saturday and raises the toast in a typically swashbuckling party at Niladri, his palatial home in Mumbai, he would have already sewed up the most significant deal in his 20 years at the helm of the ... More

UB group stocks on the upswing
SHARE prices of UB group companies have been on the rise in the last one month in anticipation of a stake sale in United Breweries (UB). Last month, the company had informed stock exchanges that it is evaluating some offers for a strategic ... More

Inflation falls on cheaper primary products
THE annual wholesale price index-based inflation fell for the second consecutive week to 7.02 per cent for the week ended December 4, as against 7.3 per cent during the previous week. The point-to-point inflation fell by 0.28 per cent as ... More

Work pressures telling on health of IT pros: Study
YOUNG. Earning high salaries. Punctuates long working hours with junk food, coffee and aerated drinks. Holds the latest hand-held devices and speaks a language filled with IT jargon. Perhaps, these attributes could best describe IT and ITES pros. ... More

Pharma, pvt bank stocks upbeat on dull day
THE Sensex opened on a firm note before losing steam towards the end of the day. The decline was all-round barring select sectors such as private sector banks, pharma and cement. PSU stocks were the least affected. The BSE PSU index declined ... More

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