The Hindu Business Line : Saturday, March 03, 2007

RBI steps to sterilise Re funds
With rupee funds flooding the system on the back of dollar inflows, the RBI has significantly altered measures to sterilise them (rupees). It has put a ceiling of Rs 3,000 crore on the free funds parked daily by banks with it through the ... More

Jindals ink pact, to invest $2.1 b in Bolivia
Jindal Steel and Power Ltd (JSPL) has reached an agreement with the Bolivian Government regarding its proposed $2.1 billion investment in mining and steel-making at the El Mutun iron ore mines. The company would sign the final agreement by ... More

Corporates making haste on interim dividend to beat tax hike
To avoid attracting additional tax burden More

DoT directs ISPs to pull the plug of unregistered call centres
More

Production-sharing agreements signed for oil, gas blocks
The Government on Friday signed production-sharing agreements with winners of the 52 oil and gas blocks auctioned under the sixth round of New Exploration Licensing Policy (NELP). The round, which came with its own share of issues like profit ... More

Inflation rate eases to 6.05% on cheaper fuels
Wholesale Price Index of all commodities at 208.6 More

Maruti gearing up to launch three-box car this year
New sedan may help change the company's `small-car' image More

Tax tweaks may re-route deposits from mutual funds
Likely to trim lucrative returns offered by money market MFs More

Metal futures post quantum jump on NMCE
Futures trading in base metals — aluminium, copper, lead, nickel, tin and zinc — posted a quantum jump at the National Multi-Commodity Exchange (NMCE) as the February 2007 series expired on Wednesday. These metals are traded in ... More

IT cos mull parking funds in banks
Information technology firms sitting on huge cash piles are now considering newer options to park their surpluses with the move to hike dividend distribution tax (DDT) on liquid and money market mutual funds (MMMFs). Cash-rich IT firms are ... More

TRAI not to regulate DTH tariff now
The Telecom Regulatory Authority of India has decided not to regulate the tariffs for Direct to Home services for now. The broadcast regulator, in a consultation paper on issues relating to DTH, said that a regulation was required only in case ... More

FDI commitments in telecom, IT at Rs 80,000 cr
The Union Ministry of Communication on Friday said that foreign direct investments worth Rs 80,000 crore has been committed by various players in the telecom and IT sector in the past two years. While some of the projects for which the ... More

Benchmarks plunge on across-the-board selling
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Sugar stocks stage comeback amid bearish condition
Domestic prices expected to go up from June More