EXPRESSINDIA.COM  
The Indian Express Group  
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The Financial Express daily newsletter  
Edition of Monday, October 04, 2004  
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THE FINANCIAL EXPRESS  
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TODAY'S TOP STORIES  
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FDI, FII distinction to be kept   
The finance ministry is likely to retain the distinction between foreign institutional 
investors and foreign direct investment in the banking sector. In the telecom sector, 
however, FII and FDI can be clubbed in determining the overall foreign investment cap. 
According to senior finance ministry officials, it is necessary in the banking sector 
to differentiate between mere investors and those who want management control.  
http://www.financialexpress.com/fe_full_story.php?content_id=70474  
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BEL challenges GE�s valuation  of joint venture  
The move by General Electric to buy out Bharat Electronics Ltd�s 26% stake in their 
joint venture firm GEBEL has run into rough weather. The partners vehemently disagree 
on the valuation.  
http://www.financialexpress.com/fe_full_story.php?content_id=70475  
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Chidambaram:economy to grow by 6.5-7%  
Enthused by the 7.4% GDP growth in the first quarter, finance minister P Chidambaram 
has said economy is expected to grow by 6.5-7% this fiscal despite poor rainfall and 
oil price pressures.  
http://www.financialexpress.com/fe_full_story.php?content_id=70476  
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BCCI asks DD to beam first two Test series  
Just two days after public broadcaster Prasar Bharati threatened to take legal action 
against the BCCI, it has been roped in as part of the contingency plan.  
http://www.financialexpress.com/fe_full_story.php?content_id=70477  
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Gail draws up mega 22-city piped gas plan  
Buoyed by the success of Mahanagar Gas, Gail India has chalked out an ambitious 
expansion plan for supplying piped natural gas to 22 cities across India.  
http://www.financialexpress.com/fe_full_story.php?content_id=70478  
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STT eve sees record trading at BSE  
Market participants appear to have extracted maximum mileage from the switchover to 
the new STT regime last Thursday, September 30, 2004, the last day before STT came 
into effect.  
http://www.financialexpress.com/fe_full_story.php?content_id=70479  
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Edits & Columns  
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The oil slick on the road ahead  
The oil business has been a cartel for about as long as it has existed. Only the cast 
of characters has changed, with Opec nations in charge ever since 1973.  
http://www.financialexpress.com/fe_full_story.php?content_id=70483  
  
The art of committee formation  
The controversy about the consultative groups of the Planning Commission may be 
missing the woods for the trees. The problem is in the nuts and bolts of 
committee-formation and not ideological inclinations.  
http://www.financialexpress.com/fe_full_story.php?content_id=70484  
  
Playing it safe  
Ever since coach John Wright and skipper Sourav Ganguly took charge of the Indian team 
four years ago, they succeeded in convincing the selectors of the necessity to have 
some consistency in the selection of the national squad.  
http://www.financialexpress.com/fe_full_story.php?content_id=70485  
  
More in Edits & Columns at http://www.financialexpress.com/edits&columns.html  
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Money Matters  
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Catch them when they�re ready to spend  
http://www.financialexpress.com/fe_full_story.php?content_id=70460  
  
Interest rates: behind the curve?  
http://www.financialexpress.com/fe_full_story.php?content_id=70461  
  
Federal Bank-ICICI Bank:  the battleground is set  
http://www.financialexpress.com/fe_full_story.php?content_id=70462  
  
More in Money Matters at http://www.financialexpress.com/moneymatters.html  
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Economy  
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RBI moves for single banking law  
http://www.financialexpress.com/fe_full_story.php?content_id=70456  
  
Plan spend dips to 26% in Apr-Aug  
http://www.financialexpress.com/fe_full_story.php?content_id=70455  
  
Auto parts, ACs, cement post good exports growth: CII survey  
http://www.financialexpress.com/fe_full_story.php?content_id=70459  
  
More in Economy at http://www.financialexpress.com/economy.html  
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Politics  
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Long-term strategy to combat terrorism in N-E  
http://www.financialexpress.com/fe_full_story.php?content_id=70442  
  
�BSP can spoil rivals� prospects�   
http://www.financialexpress.com/fe_full_story.php?content_id=70443  
  
More in Politics at http://www.financialexpress.com/politics.html  
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Corporate  
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Wal-Mart�s India buys likely at $2 bn  
http://www.financialexpress.com/fe_full_story.php?content_id=70464  
  
CavinKare�s 1st India facility within a year  
http://www.financialexpress.com/fe_full_story.php?content_id=70468  
  
Gail to offer surplus broadband capacity at cheaper rates  
http://www.financialexpress.com/fe_full_story.php?content_id=70465  
  
More in Corporate at http://www.financialexpress.com/corporate.html  
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Op-Ed  
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With our situation, we do need the IMF-World Bank  
http://www.financialexpress.com/fe_full_story.php?content_id=70451  
  
The contract system will motivate players  
http://www.financialexpress.com/fe_full_story.php?content_id=70452  
  
This will encourage security, ability  
http://www.financialexpress.com/fe_full_story.php?content_id=70453  
  
More in Op-Ed at http://www.financialexpress.com/op-ed.html  
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Commodity Watch  
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Freight Rates Stable  
http://www.financialexpress.com/fe_full_story.php?content_id=70416  
  
Jute industry running into rough weather  
http://www.financialexpress.com/fe_full_story.php?content_id=70417  
  
Chemicals export may jump 20% this fiscal  
http://www.financialexpress.com/fe_full_story.php?content_id=70418  
  
More in Commodity Watch at http://www.financialexpress.com/commoditywatch.html  
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States  
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KPCL offers to expand Bidadi capacity by 50%  
http://www.financialexpress.com/fe_full_story.php?content_id=70447  
  
Industry happy on proposed talks with PWG  
http://www.financialexpress.com/fe_full_story.php?content_id=70448  
  
West Bengal suffering on account of �surplus power� syndrome  
http://www.financialexpress.com/fe_full_story.php?content_id=70449  
  
More in States at http://www.financialexpress.com/states.html  
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News  
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Pak yet to reciprocate India�s gesture to relax visa regime  
http://www.financialexpress.com/fe_full_story.php?content_id=70444  
  
New power policy to make up for farm sops  
http://www.financialexpress.com/fe_full_story.php?content_id=70457  
  
CERC new draft norm on tariff-based bidding  
http://www.financialexpress.com/fe_full_story.php?content_id=70458  
  
More in News at http://www.financialexpress.com/news.html  
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EFE  
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Front Page  
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Independent cable networks protest Trai interconnect clause  
http://www.financialexpress.com/fe_full_story.php?content_id=70425  
  
Hutch, Midas, HFCL join  USO tender race for VPTs  
http://www.financialexpress.com/fe_full_story.php?content_id=70426  
  
Online system to check spurious herbs  
http://www.financialexpress.com/fe_full_story.php?content_id=70427  
  
More in Front Page at http://www.financialexpress.com/efe/frontpage.html  
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Convergence  
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Viewers make a case for CAS  
http://www.financialexpress.com/fe_full_story.php?content_id=70432  
  
ICRM sector revenues to cross $100 million: Frost & Sullivan  
http://www.financialexpress.com/fe_full_story.php?content_id=70434  
  
HP India hopes to capture top slot in handheld market  
http://www.financialexpress.com/fe_full_story.php?content_id=70433  
  
More in Convergence at http://www.financialexpress.com/efe/convergence.html  
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Marketing & Management  
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Tea party: stirring the market afresh with launches, tie-ups  
http://www.financialexpress.com/fe_full_story.php?content_id=70435  
  
FMS upbeat on summer placements  
http://www.financialexpress.com/fe_full_story.php?content_id=70438  
  
Xtracare: IOC pumps up new retail initiatives  
http://www.financialexpress.com/fe_full_story.php?content_id=70440  
  
More in Marketing & Management at 
http://www.financialexpress.com/efe/marketing&management.html  
  
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