The Hindu Business Line : Monday, March 07, 2005

No financial assistance package for IFCI suitor
"We are very clear that only the `good bank' (portfolio of good assets) would be merged with either PNB or IDBI. The `bad bank' would go to ARCs." More

Titan plans jewellery unit in Himachal
THE Budget has imposed a 2 per cent excise duty on branded jewellery. But at least one manufacturer has found a way to get around the levy. Titan Industries plans to start manufacturing `Tanishq' jewellery in Himachal Pradesh, one of the three ... More

Piaggio may drive into India through tie-up with Hero Motors
Apart from consolidating its position in the two-wheeler space, Hero Motors is looking to establish its position as a leading components supplier. More

Newbridge-Vangal combine drops out of SWC race
THE Newbridge-Ramesh Vangal combine has opted out of the bidding process for Shaw Wallace and Co Ltd (SWC). The decision paves way for a straight contest between the UB Group Chairman, Mr Vijay Mallya, and Ms Komal Chhabria Wazir, the second ... More

Mutual funds hope to bag larger share of tax-saving pie
WILL the mutual fund industry manage to capture a larger share of the tax-saving pie, once the Budget proposals take effect? The industry is optimistic that it will. Last year, tax-saving funds (also known as equity-linked savings schemes or ... More

Is there anything to spoil the bull party?
Jogin was trying to understand Bihar politics using a chessboard, and Khan was calling his travel agent to cancel his Goa trip, even as Sridevi was using a ladder to plot the Sensex on her wall. It needed Dakshinamoorthy to call the weekly ... More

Gold futures: Jewel in a portfolio
BUDGET 2005-06 has proposed the introduction of gold exchange-traded funds (ETFs). Gold has always been an attractive investment because it has a weak relationship with equity. It is highly likely that fund-houses will ... More