Financial Daily from THE HINDU group of publications
Wednesday, December 22, 2004

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Reliance Energy seeks to shift Anil's powers to RIL
RELIANCE Energy Ltd (REL) proposes to withdraw certain powers and privileges of the Chairman and Managing Director, Mr Anil Ambani, and vest them with the promoter, Reliance Industries Ltd (RIL), by altering its Articles of Association. The ... More

Shrimp exports to US: HLL to pay lower dumping levy
THE US Commerce Department has imposed a final anti-dumping duty of an average 9.45 per cent on shrimp imports from India. Seafood exporters in the country got a breather, as the final levy is lower than the 14.2 per cent duty the Department ... More

Govt Securities Bill tabled in Lok Sabha
THE Finance Minister, Mr P. Chidambaram, on Tuesday introduced the Government Securities Bill, 2004 in the Lok Sabha. The Bill aims to make trading in Government securities more customer-friendly by doing away with the various `rigidities and ... More

HC grants bail to CEO — IT industry expresses relief
THE Delhi High Court today granted bail to the CEO, Mr Avnish Bajaj, who was arrested in connection with the case involving the sale of a sexually explicit clip on the auction site. "The High Court has granted bail to the CEO of ... More

ICICI Ventures hikes stake in retailer Subhiksha to 24 pc
WITH a second tranche of funding to the tune of Rs 25 crore, ICICI Ventures will be hiking its stake in the Chennai-based discount retail chain Subhiksha to 24 per cent. The venture capital firm had earlier pumped in Rs 15 crore into the ... More

All-round buying propels markets to a new high — Sensex ends at 6,451 points
STOCKS continued their upward journey on robust buying driving the Bombay Stock Exchange Sensex as well as its counterpart on National Stock Exchange to all-time highs. The BSE Sensex made a gain of 48.30 points to touch a new high of ... More

Housing societies shutting doors on BPO employees
YEAR 2004. As the Indian information technology sector was focussing its energies to counter the growing international backlash on offshoring, resistance of an unexpected kind has been quietly building up in the domestic circles against the ... More

Reliance MF plans to launch tax-saver fund
RELIANCE Mutual Fund has worked out a tax-planning fund that will provide benefits under Section 88 of the Income-Tax Act, 1961. The proposed Reliance Tax Saver Fund will be a diversified equity scheme, aimed at securing long-term capital ... More

Govt to unveil policy for cruise shipping
THE Government will unveil a concept and policy paper for cruise shipping in the country to develop and tap its immense economic potential. The Ministry of Shipping, Road Transport and Highways has recently set-up a high power Steering Group to ... More

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