The Hindu Business Line : Sunday, July 18, 2004

FII picks beat the indices
STOCKS bought by foreign institutional investors (FIIs), during the last three months, outperformed the benchmark indices by a big margin. The market return on stocks in which FIIs reduced their exposure, however, lagged behind. An analysis of ... More

PM hopes to resolve FDI issue through dialogue
THE Prime Minister, Dr Manmohan Singh, today said the heat generated over the Budget proposal to hike foreign direct investment (FDI) cap in civil aviation, insurance and telecommunications, even by allies of the Left parties supporting from ... More

Transaction tax concerns will be addressed: Chidambaram
THE Finance Minister, Mr P. Chidambaram, clearly indicated on Saturday that there would be changes in the securities transaction tax (STT) to address the concerns of the investing community. The Union Budget had proposed to levy a 0.15 per cent ... More

Lodha's audit firm opts out of Birla Ericsson
LODHA & Co, the audit firm of Mr R.S. Lodha, has opted out of the statutory auditorship of Birla Ericsson Optical Ltd, the joint venture company between the M.P. Birla Group and Ericsson Cables AB of Sweden. According to the notice issued to ... More

From riots to FIPB nod: Sareshwala makes a statement
FOR Mr Zafar Sareshwala, it was a second stint at fund management when the Foreign Investment Promotion Board (FIPB) granted clearance to his Ahmedabad-based Islamic fund management company, Parsoli Corporation Ltd (PCL) on July 12 to buy out ... More

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