The Hindu Business Line : Tuesday, October 11, 2005

Our office will remain closed today on account of Ayudha Pooja and there will be no edition dated 12th October 2005. The News Updates of BUSINESS LINE will resume on Wednesday morning.

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LIC in fray for taking over IFCI
The Life Insurance Corporation of India (LIC) is emerging as the dark horse that could give serious challenge to IDBI Ltd in acquiring the oldest development financial institution in the country. LIC has been figuring prominently in official ... More

Kingfisher Airline looking to pick up stake in Air Sahara
KINGFISHER Airline is among the bidders looking to acquire a stake in Air Sahara. A senior official of Kingfisher Airline said that the airline had received the information memorandum for private equity placement and was studying ... More

Oil cos moot coupons as LPG subsidy to BPL families
DOMESTIC oil companies have suggested using the coupon route for directing subsidy on cooking gas (LPG) to the more deserving segment - below poverty line (BPL) households. In a presentation to the Government, the companies further said that ... More

Drug cos keen to send relief to Pakistan
"We are talking to the Pakistani High Commission and the Indian Ministry of External Affairs to work out what medicines are required and how it can be sent to people who need it, since currently, trade is not allowed between the two countries." More

New Hyderabad airport to take off by March 2008
THE new international airport coming up at Shamshabad, in the outskirts of the city, at an estimated cost of Rs 1,663 crore on 5,500 acres area will take off by March 2008, according to the Hyderabad International Airport Ltd (HIAL) Managing ... More

Industrial growth prospects to spur metals demand
METALS demand growth has far under-performed industrial production growth so far in 2005, with the difference believed to be accounted for by heavy de-stocking at the consumer level. Any upturn in economic activity will see this de-stocking ... More

BPO players likely to merge: Forrester
To take on growing threat from IBM, Accenture
INDIAN Business Process Outsourcing (BPO) suppliers with complementary skills are likely to battle head-to-head but subsequently combine forces through mergers and acquisitions to meet mounting competition from global players like Accenture and ... More

Now, small-time manufacturing units join outsourcing party
IN technology or manufacturing excellence, there may not be anything "great" about the plant owned by KRVR Industries of Chennai. A small workshop like place, a few metal presses and a mass of men moving about — all leading to an annual ... More

Tom Schelling — Human touch to Game Theory
THE Bank of Sweden Prize in Economic Sciences in memory of Alfred Nobel, popularly known as the Nobel Prize in Economics, is shared this year by Mr Thomas C. Schelling and Mr Robert J. Aumann. These names and their academic work remind you ... More

Monsoon withdrawal resumes as `low' stays put
THE very slow movement of the `low' over south Bay of Bengal seems to have provided the perfect excuse for the resident anti-cyclone to descend into the lower latitudes, leading to the resumption of monsoon withdrawal. The withdrawal had been ... More