EXPRESSINDIA.COM The Indian Express Group _________________________________________________________________ The Financial Express daily newsletter Edition of Friday, August 27, 2004 _________________________________________________________________ ********************* THE FINANCIAL EXPRESS ********************* TODAY'S TOP STORIES ******************* FM Spreads Cheer Among Taxpayers Finance minister P Chidambaram has addressed anomalies in his budget proposals and provided relief to taxpayers on a number of fronts. Personal income tax payers having an annual income upto Rs 1,11,250 have been accorded relief. http://www.financialexpress.com/fe_full_story.php?content_id=67070 _______________________________________________________________ China Telecom Flags Order From Reliance Reliance-owned Flag Telecom has bagged a multi-million dollar deal from state-owned telecom major China Telecom to provide high quality connectivity between China and the US West coast. http://www.financialexpress.com/fe_full_story.php?content_id=67072 _______________________________________________________________ Auto Majors Skid As Stir Continues The ongoing truckers� strike over the service tax levy certainly isn�t music to the ears of the automobile and tractor industries. http://www.financialexpress.com/fe_full_story.php?content_id=67073 _______________________________________________________________ GTB Effect Saw Centurion Lose Rs 102 Crore In 12 Days It�s a case of collateral damage stemming from the Global Trust Bank crisis. Centurion Bank witnessed premature withdrawals of its fixed deposits to the tune of Rs 102 crore in just 12 days (between July 24 and August 4). http://www.financialexpress.com/fe_full_story.php?content_id=67077 _______________________________________________________________ No Such Thing As A Free Jump The Empire just got smarter. Prasar Bharti, the public broadcaster, is busy shaking of its <i>chalta hai</i> image. It is set to slam private rivals for violating international telecast norms in the Olympics coverage. http://www.financialexpress.com/fe_full_story.php?content_id=67079 _______________________________________________________________ NTPC Offer On Sep 23,To Raise Rs 5,000 Cr India�s largest power producer and the world�s sixth largest, National Thermal Power Corporation, is set to tap the market with a public offering of 86.5 crore shares. The issue opens on September 23 to raise Rs 4,500-5,000 crore. http://www.financialexpress.com/fe_full_story.php?content_id=67071 _______________________________________________________________ BOTTOMLINE: It�s All Part Of A Grand Design To Change The Shape Of India What do government mints, public sector behemoth ONGC, the Aeronautical Development Agency and the Gujarat Cooperative Milk Marketing Federation have in common? http://www.financialexpress.com/fe_full_story.php?content_id=67083 _______________________________________________________________ /------------------------ advertisement ------------------------ No 1 Indian Matrimonials - 550,000+ members, 150,000+ photo profiles, 16,000+ successful matches! Register & Contact members for FREE!! http://ads.expressindia.com/adsnew/adclick.php?bannerid=400&zoneid=63&source=&dest=http%3A%2F%2Fwww.shaadi.com%2Findex.php%3Fptnr%3Dieom ------------------------ advertisement ------------------------/ Edits & Columns ******************* Who Pays For RBI�s Blunders? The Reserve Bank of India has reportedly approached the finance ministry, seeking an amendment to the Income Tax Act. The rule in question is Section 72-A, which deals with how losses may be set off against tax liabilities when a loss-making firm is taken over. http://www.financialexpress.com/fe_full_story.php?content_id=67064 Parliament Impasse Prime Minister Manmohan Singh was entirely justified in dealing with the Oppo-sition in the manner he did. The opposition leaders had no business to raise issues pertaining to the Budget and the Finance Bill in his office instead of debating them over in Parliament. http://www.financialexpress.com/fe_full_story.php?content_id=67065 Towards A National Foreign Trade Policy The initiative of the Union commerce and industry minister to announce a more comprehensive National Foreign Trade Policy for five years is a welcome step. http://www.financialexpress.com/fe_full_story.php?content_id=67054 More in Edits & Columns at http://www.financialexpress.com/edits&columns.html _______________________________________________________________ Investor ******************* TCS In Top M-cap League Globally In IT At Number 3 http://www.financialexpress.com/fe_full_story.php?content_id=67080 Bottom-fishing Helps FIIs To Net Rs 9,552 Crore Equity In July http://www.financialexpress.com/fe_full_story.php?content_id=67081 Plagued By Mounting Redemption Pressure, Mutual Funds Offload Equities http://www.financialexpress.com/fe_full_story.php?content_id=67082 More in Investor at http://www.financialexpress.com/investor.html _______________________________________________________________ Money & Banking ******************* Irda Warns Brokers Against Misuse Of Top Officers� Posts http://www.financialexpress.com/fe_full_story.php?content_id=67112 Co-op Banks Need To Gear Up For Higher Agricultural Credit, Opines Ranjana Kumar http://www.financialexpress.com/fe_full_story.php?content_id=67113 HSBC Expects To Increase Retail Loan Portfolio By 50% http://www.financialexpress.com/fe_full_story.php?content_id=67114 More in Money & Banking at http://www.financialexpress.com/money&banking.html _______________________________________________________________ Economy ******************* Pvt Banks Lending More http://www.financialexpress.com/fe_full_story.php?content_id=67091 Debt-Equity Ratio Of 1:1.5 Proposed For Sethusamudram SPV http://www.financialexpress.com/fe_full_story.php?content_id=67092 Sterlite Signs Copper Pact With Brazil Co http://www.financialexpress.com/fe_full_story.php?content_id=67096 More in Economy at http://www.financialexpress.com/economy.html _______________________________________________________________ Politics ******************* PM Calls For Code Of Conduct http://www.financialexpress.com/fe_full_story.php?content_id=67095 Vajpayee Flays Manmohan For �Unbecoming Conduct� http://www.financialexpress.com/fe_full_story.php?content_id=67097 Coordination Meeting: Left Satisfied With Govt�s Stance http://www.financialexpress.com/fe_full_story.php?content_id=67098 More in Politics at http://www.financialexpress.com/politics.html _______________________________________________________________ Corporate ******************* Dabur To Acquire OTC Brand http://www.financialexpress.com/fe_full_story.php?content_id=67052 Eveready Seeks China Partner http://www.financialexpress.com/fe_full_story.php?content_id=67055 Komal Gets Out Of Dunlop Disqualification http://www.financialexpress.com/fe_full_story.php?content_id=67058 More in Corporate at http://www.financialexpress.com/corporate.html _______________________________________________________________ Fe Insight ******************* Ouch, Plainspeak Hurts http://www.financialexpress.com/fe_full_story.php?content_id=67104 CRM: Congenitally Rapacious Marketers? http://www.financialexpress.com/fe_full_story.php?content_id=67103 The New Churn In The Marketplace http://www.financialexpress.com/fe_full_story.php?content_id=67105 More in Fe Insight at http://www.financialexpress.com/feinsight.html _______________________________________________________________ News ******************* A World Of Coffee After A Corner Of Pizza http://www.financialexpress.com/fe_full_story.php?content_id=67089 Crackdown On Truckers http://www.financialexpress.com/fe_full_story.php?content_id=67090 Programme For Maritime Sector http://www.financialexpress.com/fe_full_story.php?content_id=67093 More in News at http://www.financialexpress.com/news.html _______________________________________________________________ >From The South ******************* Mixed Response To BJP Bandh In K'taka http://www.financialexpress.com/fe_full_story.php?content_id=67107 Mettur Water Till Sept 30 http://www.financialexpress.com/fe_full_story.php?content_id=67108 AP Plans New GoM To Monitor Public Enterpirses Reforms http://www.financialexpress.com/fe_full_story.php?content_id=67109 More in From The South at http://www.financialexpress.com/fromthesouth.html _______________________________________________________________ ********************* EFE ********************* Front Page ******************* Hyderabad All Set To Get Second Wipro Campus http://www.financialexpress.com/fe_full_story.php?content_id=67039 BCCI Rights: Rivals Split On Zee Yorker http://www.financialexpress.com/fe_full_story.php?content_id=67040 Shifting Biotech Material: KLM Cargo Sees Potential http://www.financialexpress.com/fe_full_story.php?content_id=67041 More in Front Page at http://www.financialexpress.com/efe/frontpage.html _______________________________________________________________ Convergence ******************* EU Opens Another Inquiry Involving MS http://www.financialexpress.com/fe_full_story.php?content_id=67046 Novedea Launches Verticalised BPO Industry Portal http://www.financialexpress.com/fe_full_story.php?content_id=67047 IT Outsourcing Is Latest Trend: Survey http://www.financialexpress.com/fe_full_story.php?content_id=67048 More in Convergence at http://www.financialexpress.com/efe/convergence.html _______________________________________________________________ Beyond Business ******************* Bar Hopping! http://www.financialexpress.com/fe_full_story.php?content_id=67034 Cartier Unveils The Santos Collection http://www.financialexpress.com/fe_full_story.php?content_id=67035 A View From The Top http://www.financialexpress.com/fe_full_story.php?content_id=67033 More in Beyond Business at http://www.financialexpress.com/efe/beyondbusiness.html **************************************************************************************** Visit us at http://www.expressindia.com for indepth coverage of news from around India, updated round the clock. 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