EXPRESSINDIA.COM  
The Indian Express Group  
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The Financial Express daily newsletter  
Edition of Saturday, November 06, 2004  
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THE FINANCIAL EXPRESS  
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TODAY'S TOP STORIES  
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Spectre of inflation back after 5 weeks   
After a gap of five weeks, the spectre of rising inflation has come to haunt the new 
government again. The annual inflation rate on a point-to-point basis increased to 
7.38% for the week-ended October 23 from 7.1% in the previous week. It was only 5.13% 
a year ago.  
http://www.financialexpress.com/fe_full_story.php?content_id=73469  
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MoF clears PFC plan to take over mid-size bank  
PFC proposal to take over a bank has found favour with the finance ministry. With the 
decks now cleared by the finance ministry, the power ministry is expected to take up 
the matter with the Reserve Bank of India for a formal approval.  
http://www.financialexpress.com/fe_full_story.php?content_id=73471  
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Reliance asked to deposit Rs 40 cr with BSNL  
The Delhi High Court has directed Reliance Infocomm to deposit Rs 40 crore with Bharat 
Sanchar Nigam Ltd by November 8, over the issue of interconnect agreement.  
http://www.financialexpress.com/fe_full_story.php?content_id=73472  
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NTPC vaults to 3rd slot in market cap on Day 1  
A sparkling debut by National Thermal Power Corporation, and stellar performances by 
ONGC and Reliance propelled the total market capitalisation of BSE to a record high of 
Rs 14,53,674 crore on Friday.  
http://www.financialexpress.com/fe_full_story.php?content_id=73470  
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BOTTOMLINE: Cricket win too late to boost ads  
The dramatic turnaround in the last Test match between India and Australia is not 
likely to influence TV advertising in the coming series, according to a Prasar Bharati 
official. �It�s too late in the day to change things. It doesn�t matter to advertisers 
any longer, whether we win or lose.  
http://www.financialexpress.com/fe_full_story.php?content_id=73473  
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Edits & Columns  
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As prices rise, savers face a crisis  
In India, people with savings are facing their biggest crisis in recent times. This is 
sending ominous signals across civil society. The tide unchecked will become a flood.  
http://www.financialexpress.com/fe_full_story.php?content_id=73439  
  
Jottings about a filthy city...   
We are so unbelievably short-sighted about preserving, conserving and growing our 
endless intangible cultural strengths, our natural and manmade heritage, our languages 
and diverse philosophies. The educated and privileged are the main culprits of this 
destruction.  
http://www.financialexpress.com/fe_full_story.php?content_id=73440  
  
Dating Manmohan  
It�s very tough to get a date from Prime Minister Manmohan Singh. Public broadcaster 
Prasar Bharati is sending this message out, when any questions are being asked about 
the launch of its DTH service.  
http://www.financialexpress.com/fe_full_story.php?content_id=73442  
  
More in Edits & Columns at http://www.financialexpress.com/edits&columns.html  
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Investor  
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State Bank, Merrill Lynch largest allottees in NTPC initial offer  
http://www.financialexpress.com/fe_full_story.php?content_id=73447  
  
Markets ignore inflation, gain on strong NTPC debut  
http://www.financialexpress.com/fe_full_story.php?content_id=73448  
  
Infosys board to mull sponsored secondary ADS  
http://www.financialexpress.com/fe_full_story.php?content_id=73449  
  
More in Investor at http://www.financialexpress.com/investor.html  
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Money & Banking  
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Yield on 10-yr paper hits 7.19%  
http://www.financialexpress.com/fe_full_story.php?content_id=73411  
  
SBI likely to hike sub-PLR for AAA-rated corporates  
http://www.financialexpress.com/fe_full_story.php?content_id=73412  
  
City Union Bank chairman killed in road mishap  
http://www.financialexpress.com/fe_full_story.php?content_id=73413  
  
More in Money & Banking at http://www.financialexpress.com/money&banking.html  
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Economy  
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IOC board likely to clear HPL offer of 10% stake  
http://www.financialexpress.com/fe_full_story.php?content_id=73458  
  
United Phosphorus buys US company for Rs 150 crore   
http://www.financialexpress.com/fe_full_story.php?content_id=73459  
  
CPI alleges Rs 45,000 cr foodgrain scam in UP  
http://www.financialexpress.com/fe_full_story.php?content_id=73462  
  
More in Economy at http://www.financialexpress.com/economy.html  
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Politics  
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All parties flay fuel price hike   
http://www.financialexpress.com/fe_full_story.php?content_id=73419  
  
�I am not, and do not wish to be, power behind the throne�  
http://www.financialexpress.com/fe_full_story.php?content_id=73420  
  
Jyoti Basu�s account cleaned out  
http://www.financialexpress.com/fe_full_story.php?content_id=73421  
  
More in Politics at http://www.financialexpress.com/politics.html  
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Corporate  
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GAIL plans conversion of GDRs to ADRs; awaits ministry�s nod  
http://www.financialexpress.com/fe_full_story.php?content_id=73426  
  
Indian Mittals take cue from LNM, pick up plants abroad  
http://www.financialexpress.com/fe_full_story.php?content_id=73427  
  
Tata Motors Oct sales rise 31.3%  
http://www.financialexpress.com/fe_full_story.php?content_id=73428  
  
More in Corporate at http://www.financialexpress.com/corporate.html  
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Fe World  
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India clippings   
http://www.financialexpress.com/fe_full_story.php?content_id=73443  
  
New world, less order  
http://www.financialexpress.com/fe_full_story.php?content_id=73444  
  
EU still reluctant to open its markets to developing economies  
http://www.financialexpress.com/fe_full_story.php?content_id=73445  
  
More in Fe World at http://www.financialexpress.com/feworld.html  
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News  
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India to train Iraqi poll team  
http://www.financialexpress.com/fe_full_story.php?content_id=73423  
  
Tariff issues to be raised with EU  
http://www.financialexpress.com/fe_full_story.php?content_id=73425  
  
Noida-type Greater UP capital region plan okayed  
http://www.financialexpress.com/fe_full_story.php?content_id=73461  
  
More in News at http://www.financialexpress.com/news.html  
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>From The South  
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`HM World City' in Bangalore  
http://www.financialexpress.com/fe_full_story.php?content_id=73474  
  
`After Bangalore, Hubli, Dharwad to see more IT investments'  
http://www.financialexpress.com/fe_full_story.php?content_id=73475  
  
World Bank against generalised free power policy  
http://www.financialexpress.com/fe_full_story.php?content_id=73476  
  
More in From The South at http://www.financialexpress.com/fromthesouth.html  
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INDIA INC  
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VSNL fills gap in global connectivity  
http://www.financialexpress.com/fe_full_story.php?content_id=73407  
  
Money machine  
http://www.financialexpress.com/fe_full_story.php?content_id=73406  
  
Switching the telecom equipment landscape  
http://www.financialexpress.com/fe_full_story.php?content_id=73408  
  
More in India Inc at http://www.financialexpress.com/inc/inc_index.html  
  
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