EXPRESSINDIA.COM
The Indian Express Group
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The Financial Express daily newsletter
Edition of Monday, October 25, 2004
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THE FINANCIAL EXPRESS
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TODAY'S TOP STORIES
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Foreign banks may get leeway
The ministry of finance is of the view that the parent of a foreign bank which
operates in India through a �partly-owned subsidiary� should be allowed to acquire
more than 5% in a domestic private sector bank. This means foreign banks that are
willing to set up Indian entities with minimum 26% Indian shareholding will be allowed
to hold over 5% in another private sector bank.
http://www.financialexpress.com/fe_full_story.php?content_id=72366
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Aiyar to meet PM on oil prices
The finance ministry has refused to tinker with the existing customs duty structure on
crude oil till the next budget. Consequently, petroleum minister has decided to take
the demand of oil companies for an upward revision of petro-products prices next week
to Prime Minister.
http://www.financialexpress.com/fe_full_story.php?content_id=72367
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FM to address Left�s concerns on telecom
The government will address the Left�s concerns on management control before taking
the proposal to hike the foreign direct investment limit in the telecom sector to 74%
from 49% to the Cabinet.
http://www.financialexpress.com/fe_full_story.php?content_id=72368
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SBI funds $100 m global acquisitions
State Bank of India, the country�s largest commercial bank, has built up an exposure
of $100 million in financing overseas acquisitions by Indian companies.
http://www.financialexpress.com/fe_full_story.php?content_id=72369
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Sebi to move SC against SAT order
Capital market regulator Securities and Exchange Board of India has finally decided to
challenge the order passed by the SAT exonerating Samir Arora, former CIO of ACMF.
http://www.financialexpress.com/fe_full_story.php?content_id=72370
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Fortis plans foray into Middle East, UK
Ranbaxy group company Fortis plans a foray into overseas healthcare markets by setting
up hospitals in the Middle East and UK.
http://www.financialexpress.com/fe_full_story.php?content_id=72371
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BOTTOMLINE: Esteem is a must on the road to consultancy
It�s raising hackles in the consulting community. A clause in the bid document for the
preparation of a DPR for inland water transport on the east coast of Mumbai demands
that the consultant who is awarded the work should provide a car and cellphone to
MSRDC officials during the DPR.
http://www.financialexpress.com/fe_full_story.php?content_id=72372
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Edits & Columns
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The big race in Indian banking
On the day IDBI�s merger with IDBI Bank came into effect, its chairman M Damodaran
told the media that this combine would claim the second slot in the Indian banking
hierarchy.
http://www.financialexpress.com/fe_full_story.php?content_id=72333
Monetary policy: make the process open
RBI governor Y V Reddy will announce the credit policy for the second half of the year
later this week. Speculation is rife about whether Dr Reddy will raise interest rates.
Wish-lists differ.
http://www.financialexpress.com/fe_full_story.php?content_id=72334
Kaalchakra
Peoples� memories are short, sometimes mercifully so. Take the national hero of last
week, K Vijay Kumar, chief of Tamil Nadu�s special task force that trapped and
eliminated the dacoit of the decade, Veerappan.
http://www.financialexpress.com/fe_full_story.php?content_id=72335
More in Edits & Columns at http://www.financialexpress.com/edits&columns.html
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Money Matters
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Fifty-fifty? Getting Reddy for the balancing act
http://www.financialexpress.com/fe_full_story.php?content_id=72362
Venture capital for SMEs with a difference
http://www.financialexpress.com/fe_full_story.php?content_id=72363
Skeletons tumble out of insurance players� cupboards
http://www.financialexpress.com/fe_full_story.php?content_id=72365
More in Money Matters at http://www.financialexpress.com/moneymatters.html
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Economy
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Manmohan assures big push for power generation, reforms...
http://www.financialexpress.com/fe_full_story.php?content_id=72346
PowerGrid�s network to improve power quality
http://www.financialexpress.com/fe_full_story.php?content_id=72347
�Policy and direction mark Indian reforms�
http://www.financialexpress.com/fe_full_story.php?content_id=72352
More in Economy at http://www.financialexpress.com/economy.html
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Politics
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Congress offers more sops to NCP
http://www.financialexpress.com/fe_full_story.php?content_id=72314
Not very enthusiastic: Patel
http://www.financialexpress.com/fe_full_story.php?content_id=72315
Decision on talks with Naxals self-defeating: Advani
http://www.financialexpress.com/fe_full_story.php?content_id=72317
More in Politics at http://www.financialexpress.com/politics.html
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Corporate
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Gail seeks stake in oilfields trail
http://www.financialexpress.com/fe_full_story.php?content_id=72326
A-I seeks cut in ATF sales tax
http://www.financialexpress.com/fe_full_story.php?content_id=72327
Bombay chamber wants PF trusts to invest in 8% GoI savings bonds
http://www.financialexpress.com/fe_full_story.php?content_id=72329
More in Corporate at http://www.financialexpress.com/corporate.html
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Op-Ed
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Disinvestment: the flavour of all seasons
http://www.financialexpress.com/fe_full_story.php?content_id=72338
It�s a tough balancing act
http://www.financialexpress.com/fe_full_story.php?content_id=72339
Investment and savings: holy grail of macromanagement
http://www.financialexpress.com/fe_full_story.php?content_id=72341
More in Op-Ed at http://www.financialexpress.com/op-ed.html
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Commodity Watch
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Common clearing body for all commexes mooted
http://www.financialexpress.com/fe_full_story.php?content_id=72278
Gold prices likely to cross $430 per ounce soon
http://www.financialexpress.com/fe_full_story.php?content_id=72279
New SAS Motors tractor model in Maharashtra during rabi
http://www.financialexpress.com/fe_full_story.php?content_id=72280
More in Commodity Watch at http://www.financialexpress.com/commoditywatch.html
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States
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Left economists read West Bengal�s rural mural differently
http://www.financialexpress.com/fe_full_story.php?content_id=72320
Tough agenda for new Maharashtra government has a formidable agenda
http://www.financialexpress.com/fe_full_story.php?content_id=72322
Decisions awaited on projects stuck in limbo
http://www.financialexpress.com/fe_full_story.php?content_id=72323
More in States at http://www.financialexpress.com/states.html
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News
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On Iran gas pipe via Pak, it�s full steam ahead
http://www.financialexpress.com/fe_full_story.php?content_id=72354
India, Russia to co-operate for energy security: Aiyar
http://www.financialexpress.com/fe_full_story.php?content_id=72355
Kamal Nath to open meet on WTO draft pact tomorrow
http://www.financialexpress.com/fe_full_story.php?content_id=72357
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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TBG to invest $1 million to promote e-learning product
http://www.financialexpress.com/fe_full_story.php?content_id=72296
Norms for cable TV, news channels, DTH, FM radio and print media on hold
http://www.financialexpress.com/fe_full_story.php?content_id=72297
Fiscal sops must for mass access to broadband
http://www.financialexpress.com/fe_full_story.php?content_id=72299
More in Front Page at http://www.financialexpress.com/efe/frontpage.html
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Convergence
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The next step: Developing DNA markers to detect cancer
http://www.financialexpress.com/fe_full_story.php?content_id=72303
Unknown actor cast as �Superman� in movie revival
http://www.financialexpress.com/fe_full_story.php?content_id=72305
New phase in telephony drives STD booth owners out of business
http://www.financialexpress.com/fe_full_story.php?content_id=72304
More in Convergence at http://www.financialexpress.com/efe/convergence.html
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Marketing & Management
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Auto majors step up marketing efforts to entice buyers
http://www.financialexpress.com/fe_full_story.php?content_id=72308
Fitness equipment retailer eyes smaller cities for growth
http://www.financialexpress.com/fe_full_story.php?content_id=72310
Poor Man, Rich Man
http://www.financialexpress.com/fe_full_story.php?content_id=72313
More in Marketing & Management at
http://www.financialexpress.com/efe/marketing&management.html
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