Financial Daily from THE HINDU group of publications
Saturday, February 07, 2004

Cross Currency


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Curbs on FEMA transactions to go — RBI empowered to deal with offences
THE Government has decided to remove a number of restrictions on current account transactions under the Foreign Exchange Management Act (FEMA) to bring down the transaction cost for citizens and corporates. It has also decided to amend the ... More

New power policy may lead to rise in tariff for SEBs
THE State electricity boards may witness a rise in power tariffs if the Government implements the draft National Tariff Policy (NTP). The draft policy has suggested that distribution entities should purchase power from the generator preferably ... More

FIIs chase mid-caps
FOREIGN Institutional Investors (FIIs) are increasing their exposure to mid-cap stocks. These are stocks that have a market capitalisation of Rs 500 crore to Rs 1,500 crore. The shareholding pattern of 170 companies for the October-December ... More

Bull run spurs IPO boom
SEVERAL companies, tempted by the prolonged bull run, are set to enter the primary market to raise funds in excess of Rs 1,000 crore in the next couple of months. Besides the big-ticket disinvestment candidates such as ONGC, SAIL and IPCL, a ... More

Derivatives market to see larger volumes
THE traded volume in the derivatives market is expected to double in the next couple of years, partly because of its own momentum as also reduction in contract size and partly at the cost of the cash market. The higher leverage facility may ... More

Lok Sabha dissolved, over to polls
THE President, Dr A.P.J. Abdul Kalam, on Friday dissolved the Lok Sabha with immediate effect, paving the way for early general elections. Dr Kalam signed the order dissolving the House following acceptance of the recommendation of the Prime ... More

LIC's unrealised gain stands at Rs 40,000 crore
YOU may call this a problem of plenty. The Life Insurance Corporation of India (LIC) is sitting on an unrealised gain of Rs 40,000 crore on its portfolio of Government securities. On investments in the equity-related instruments, the ... More

Banks beefing up Tier-II capital
THIS is the season for banks to raise capital. Not equity, but through bonds - called Tier-II capital in banking parlance. About Rs 1,500 crore has been raised over the past month, while another Rs 2,000 crore of bond issues from various ... More

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