EXPRESSINDIA.COM
The Indian Express Group
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The Financial Express daily newsletter
Edition of Saturday, October 09, 2004
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THE FINANCIAL EXPRESS
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TODAY'S TOP STORIES
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�No need for separate FII, FDI caps�
Finance minister P Chidambaram on Friday said he was increasingly convinced that
separate caps for foreign institutional investment and foreign direct investment may
not be relevant. Addressing mediapersons here at an investors� meet organised by JM
Morgan Stanley, Mr Chidambaram said, �It should be made fungible.
http://www.financialexpress.com/fe_full_story.php?content_id=70899
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Hutch admits it holds over 74% in Indian arm
Hutchison Telecommunications International Ltd, Hong Kong, has made a clean breast of
it. The company has disclosed that its holding, direct as well as indirect, in its
Indian subsidiary, Hutchison Essar South exceeds 74%.
http://www.financialexpress.com/fe_full_story.php?content_id=70900
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Morepen Labs caseto be expedited, dues to be recovered
The government will not let Morepen Laboratories, the Delhi-based pharma company,
breathe easy till it pays back the dues of its 75,000 fixed deposit holders.
http://www.financialexpress.com/fe_full_story.php?content_id=70901
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Petroleum regulator to impose hefty penalties
The proposed Petroleum and Natural Gas Regulatory Board will be vested with powers to
impose strict penalties on violators. The Board, which will have one chairperson and a
maximum of four members, can also involve central investigating agencies, like CBI, to
assist it.
http://www.financialexpress.com/fe_full_story.php?content_id=70902
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BoB seeks nod for 2nd offer
Bank of Baroda has sought the approval of the finance ministry to raise fresh capital
of about Rs 100 crore from the market. This would be the bank�s second public
offering. At present, the bank has a capital base of Rs 293.26 crore.
http://www.financialexpress.com/fe_full_story.php?content_id=70903
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Receivership becomes a high stakes game
The Debt Recovery Tribunal, Mumbai, has hiked the open bank guarantee that selected
receivers have to furnish ten-fold to Rs 1 crore.
http://www.financialexpress.com/fe_full_story.php?content_id=70904
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Sebi may amend MF overseas investment norms
UTI Mutual Fund�s proposed launch of India�s first overseas equity index fund, which
would invest in the Dow Jones Global Titans 50 index, points to a possible rethink on
overseas investment norms for the mutual fund industry.
http://www.financialexpress.com/fe_full_story.php?content_id=70905
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Edits & Columns
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Inflation cheer
The gods seem to be smiling on the UPA government. Friday�s lower-than-expected
inflation rate of 7.38% for the week-ended September 25, down from the previous week�s
7.8%, is only the latest in the string of good news stories.
http://www.financialexpress.com/fe_full_story.php?content_id=70881
Seeds of peace
�Peace on earth depends on our ability to secure our living environment,� were the
words used by the head of the Norwegian Nobel Committee, Ole Danbolt Mjoes while
announcing this year�s winner of the Nobel Peace Prize to Kenyan environmentalist and
human rights activist, Wangari Maathai.
http://www.financialexpress.com/fe_full_story.php?content_id=70883
Of electoral promises and high taxes
As I write this column, I have just come out of a traffic jam caused by tent operators
protesting against imposition of service tax on them. This is not an isolated case.
http://www.financialexpress.com/fe_full_story.php?content_id=70884
More in Edits & Columns at http://www.financialexpress.com/edits&columns.html
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Investor
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NTPC IPO receives good subscriptions on Day 2
http://www.financialexpress.com/fe_full_story.php?content_id=70946
Markets flat in run-up to results
http://www.financialexpress.com/fe_full_story.php?content_id=70948
Mutual funds roll out valuation-based schemes in September
http://www.financialexpress.com/fe_full_story.php?content_id=70949
More in Investor at http://www.financialexpress.com/investor.html
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Money & Banking
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Inflation dips to 7.38%
http://www.financialexpress.com/fe_full_story.php?content_id=70906
RBI plans to extend RTGS to 3,000 branches by fiscal-end
http://www.financialexpress.com/fe_full_story.php?content_id=70907
Canara Bank�s computerisation of branches complete
http://www.financialexpress.com/fe_full_story.php?content_id=70910
More in Money & Banking at http://www.financialexpress.com/money&banking.html
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Economy
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India can be gateway for Thailand
http://www.financialexpress.com/fe_full_story.php?content_id=70917
FinMin may allow 4 directors in PSBs
http://www.financialexpress.com/fe_full_story.php?content_id=70954
Rich nations must phase out farm sops: Nath
http://www.financialexpress.com/fe_full_story.php?content_id=70959
More in Economy at http://www.financialexpress.com/economy.html
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Politics
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Sonia blames NDA for mishandling drought
http://www.financialexpress.com/fe_full_story.php?content_id=70912
Centre must heed Left�s concerns: CPI
http://www.financialexpress.com/fe_full_story.php?content_id=70915
BSP, SP could play spoiler for Cong-NCP-RPI in Vidarbha
http://www.financialexpress.com/fe_full_story.php?content_id=70916
More in Politics at http://www.financialexpress.com/politics.html
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Corporate
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SRF first tyre cord co to win Deming prize
http://www.financialexpress.com/fe_full_story.php?content_id=70932
I2IT in pact with Korean institute for PG courses
http://www.financialexpress.com/fe_full_story.php?content_id=70935
L&T to set up two plants near Chennai
http://www.financialexpress.com/fe_full_story.php?content_id=70924
More in Corporate at http://www.financialexpress.com/corporate.html
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Commodities
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Oil prices drop on profit-booking, but price rise looms large on Nigeria strike
http://www.financialexpress.com/fe_full_story.php?content_id=70951
Coir Board favours mission mode plans to boost demand, seeks government support
http://www.financialexpress.com/fe_full_story.php?content_id=70950
India awaits breakthrough in soymeal sales to China
http://www.financialexpress.com/fe_full_story.php?content_id=70952
More in Commodities at http://www.financialexpress.com/commodities.html
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Fe World
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Outbound travellers are our ambassadors abroad
http://www.financialexpress.com/fe_full_story.php?content_id=70941
Channels of intensive communication
http://www.financialexpress.com/fe_full_story.php?content_id=70942
Indonesia: elections over, the challenge begins
http://www.financialexpress.com/fe_full_story.php?content_id=70943
More in Fe World at http://www.financialexpress.com/feworld.html
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News
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�PM�s reason for winding up Tehelka panel an eyewash�
http://www.financialexpress.com/fe_full_story.php?content_id=70913
Board for PSE revamp soon
http://www.financialexpress.com/fe_full_story.php?content_id=70955
Centralised cheque clearing system
http://www.financialexpress.com/fe_full_story.php?content_id=70958
More in News at http://www.financialexpress.com/news.html
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INDIA INC
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Cementing the Korean partnership
http://www.financialexpress.com/fe_full_story.php?content_id=70888
Can GP Goenka make a comeback?
http://www.financialexpress.com/fe_full_story.php?content_id=70889
Usha Brita�s niche mall gathers new footfalls
http://www.financialexpress.com/fe_full_story.php?content_id=70891
More in India Inc at http://www.financialexpress.com/inc/inc_index.html
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