The Hindu Business Line : Wednesday, June 08, 2005

PM cautioned on lower growth, slow-down in economy
The Prime Minister, Dr Manmohan Singh, has been cautioned that the economy is slowing down and could see a low growth rate of 6.7 per cent this year unless the Government intervenes with some policy initiatives. The caution has come from the ... More

Banks can fund overseas acquisitions by companies
"This move is a positive step for Indian companies as they can use it as a window to acquire aggressively. For banks too it can be positive, provided they are permitted to raise additional funds abroad." More

Many Z group stocks hit upper circuit
EVERY 10th stock traded on the BSE on Tuesday touched the upper circuit, bulk of the stocks being small-cap shares and from the Z group. More than 25 per cent of the stocks from the Z group hit the upper circuit. The Z group comprises stocks ... More

Green signal to e-tickets in trains
Another feature of e-ticketing is that customers can book tickets under the Tatkal scheme as well — which is not available for Internet/mobile booking. More

India Inc pays highest power tariffs after Japan — Indian households pay the lowest
EVEN as the Indian manufacturing sector is struggling to benchmark its cost competitiveness to the best in the world, it shells out among the highest retail electricity tariffs in the world. In fact, industry here pays much higher for the ... More

Service tax exemptions for infrastructure, gem & jewellery sectors announced
THE Finance Ministry on Tuesday announced a slew of service tax exemptions to provide an impetus to the infrastructure, construction, shipping and ports, and gems and jewellery sectors. Briefing newspersons on the latest changes in the service ... More

Lower output, higher prices hit coffee exports
COFFEE exports have shown a sharp decline during the first six months of the calendar year but it is expected to look up and recover to some extent by September. "Things had slowed down a bit earlier. Now, they are looking up," said Mr G.V. ... More