Financial Daily from THE HINDU group of publications
Friday, December 31, 2004

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Centre's warning on tsunami creates panic — Home, S&T Ministries send confusing signals
CONFLICTING signals from the Home Ministry and the Ministry of Science and Technology regarding the occurrence of a tsunami calamity along the Southern coast created considerable confusion across the country. Hours after issuing an alert about ... More

Retail sugar turns dearer
SUGAR appears to be losing sweetness with its price steadily heading northward. On Thursday, retail sugar prices crossed the Rs 20 a kg mark on strong local demand against reduced supply at the wholesale level. Wholesale sugar prices have risen ... More

Central sales tax, additional excise will continue, says Chidambaram
BOTH Central Sales Tax (CST) and Additional Excise Duty (AED) will continue into 2005-06, even after value-added tax is introduced, the Finance Minister, Mr P. Chidambaram, said on Thursday. Speaking at a conference on `State VAT for a common ... More

Ordinance on pension regulator issued
THE Government on Thursday promulgated an Ordinance that would pave the way for establishing the Pension Fund Regulatory and Development Authority (PFRDA). The PFRDA, which will be a statutory regulatory body, would undertake promotional, ... More

Private carriers continue to dominate domestic skies
PRIVATE sector airlines continue to dominate the Indian skies, with their market share (in terms of number of passengers carried) inching further upwards during the first 11 months of the current calendar year. Official sources said that the ... More

Tsunami impact: It's business as usual, say IT firms
THERE is no panic among clients of major Indian information technology firms, nor have clients cancelled or rescheduled their planned visits to meet vendors in Chennai following the tsunami wave that hit the city on December 26, according to ... More

Melting pot of fortunes for pharma cos
THERE has been a spate of international visitors from foreign drug companies prospecting the Indian market. And not without reason. In just a couple of days, India ushers in a new regime that would respect intellectual property rights. Though ... More

Mid-cap banking stocks shine in lacklustre trade
IT was a lacklustre day for equities as profit booking spread across a swathe of stocks contributed to a weak undertone. Indices tracking large-cap stocks such as the Nifty and the Sensex as well broad-based indices such as the CNX 500 and CNX ... More

MFs still to reach out to retail base
THOUGH 2004 was a stellar year of sorts for the mutual fund industry, it would be remembered as one where the objective of enlarging the retail investor base remained pure rhetoric. While the total assets under management of the industry grew ... More

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