Financial Daily from THE HINDU group of publications
Monday, December 20, 2004

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S&N to pick up 17.5% stake in UB — To make open offer for another 20 pc at Rs 575 a share
LEADING European Brewer, Scottish and Newcastle (S&N) is to become the strategic partner of United Breweries Ltd with an equity stake equal to that of promoter Mr Vijay Mallya and his group, under a deal signed here on Sunday. Announcing the ... More

Unlocking oil PSUs' cross-holdings may get Cabinet approval soon
`All involved in the current exercise are in favour of unlocking the cross-holdings. However, there is still some room for determining the modalities to be adopted for the proposed unlocking of values.' More

Damodaran quits UTI
MR M. Damodaran has stepped down as the Chairman and Managing Director of UTI Mutual Fund and Administrator of UTI-I, the specified undertaking of UTI. Mr Damodaran, who is also the Chairman of IDBI, said he tendered his resignation on Sunday ... More

`Never think of the future, it comes soon enough'
FM has asked the state governments to reduce fuel tax, but will they, wondered Jogin even as he revved up his PC to chat about markets with Khan, Sridevi and Dakshinamoorthy. Join the buzz! Jog: Let me not say anything about ... More

Bankrolling of Govt borrowings slackening
BANKS have always funded most of the government borrowings. Regulatory requirements on banks to invest in Government paper and Government ownership in banks have combined to fuel a cosy and incestuous relationship. At the end of March 2003, ... More

Throttle continues to be in FIIs' hands
WHAT a year it was! For Dalal Street, it has been a year of records. Not only the key indices scaled new heights, but the foreign fund inflow has been unprecedented. The economy has seen lowest interest regime in decades and marked improvement in ... More

Distributors - only sensitive to incentives?
Yeh sab rakho... thoda paisa badao". Those ordinary Hindi words would not mean much if you consider them in isolation. Put them in the context of mutual funds, and their meaning turns quite sinister. In reality, these were spoken by a ... More

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