The Hindu Business Line : Friday, April 01, 2005

Captive power starts flowing into grid — PTC begins with Jindal unit
SURPLUS power from India Inc's captive units is beginning to flow into the grid. PTC India Ltd (PTC) has made a start with the evacuation of surplus electricity from Jindal Steel & Power Ltd's 205 MW captive unit in Chhattisgarh. With the ... More

GDP slows to 6.2% in Q3 on lower farm output
THE Indian economy has registered a GDP growth of 6.2 per cent for the third quarter of 2004-05, a considerable slackening over the 11 per cent growth during the same period in the previous fiscal. The slowdown comes on the back of a dip in ... More

Markets end fiscal on buoyant note, Sensex up 111 points
STOCK markets bounced back with a 111-point gain on the Sensex and ended the financial year on a happy note. Bullishness in the global markets gave a boost to the bourses, with the indices opening strongly and staying in the green throughout ... More

Foreign investments account for 40% of reserves accretion
FOREIGN investment flows constituted around 40.1 per cent of the total accretion to the foreign exchange reserves during the nine-months ended April-December 2004-05, as per the latest RBI statistics. External commercial borrowings accounted ... More

SAIL's coal purchases under lens
CERTAIN spot purchases of coal in the US market, by Steel Authority of India Ltd (SAIL), have led to the Steel Ministry scrutinising the role of Mr S.K. Roongta, the company's Director (Commercial), in the transaction. Since SAIL is a Schedule ... More

Current account deficit up at $5.47 b in Oct-Dec '04
THE country's current account has slipped into further deficit at $5.47 billion for the third quarter — October-December 2004 — from a deficit of $4 billion in the second quarter, as per the latest Balance of Payments (BoP) figures ... More