EXPRESSINDIA.COM
The Indian Express Group
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The Financial Express daily newsletter
Edition of Friday, December 24, 2004
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THE FINANCIAL EXPRESS
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TODAY'S TOP STORIES
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LPG subsidy may be phased out gradually
The finance ministry�s report on central government subsidies has suggested
gradual increase in LPG prices, introduction of kerosene and food coupons for
families below the poverty line, and abolition of fertiliser subsidy in its
present form.
http://www.financialexpress.com/fe_full_story.php?content_id=77794
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Entertainment industry looks at galloping growth
Overseas release of films, along with that in Indian theatres, is likely to
emerge as a norm next year. While making this projection, head of media and
entertainment practice at Ernst & Young Farokh Balsara told FE that �more and
more producers are going to go for it during 2005�.
http://www.financialexpress.com/fe_full_story.php?content_id=77795
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Mukesh seeks annulment of Infocomm sweat equity
In a dramatic twist to the controversy surrounding his 12% sweat equity holding
in Reliance Infocomm, Reliance Industries Limited chairman and managing
director Mukesh Ambani on Thursday sought the annulment of this holding.
http://www.financialexpress.com/fe_full_story.php?content_id=77796
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Narasimha Rao dead
P V Narasimha Rao, the only prime minister outside the Nehru-Gandhi clan to
complete a full five-year term in office, died here on Thursday after a serious
illness.
http://www.financialexpress.com/fe_full_story.php?content_id=77797
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WPP joins race for stake in Madison
Even as leading French communication company Publicis Groupe is in talks for
acquiring a stake in the Rs 750 crore Madison Communications, UK media
conglomerate WPP Group Plc too is showing keen interest on a stake in Madison,
say key industry sources.
http://www.financialexpress.com/fe_full_story.php?content_id=77798
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DoT demands Rs 150 crore from Reliance Infocomm
The department of telecommunications has issued a final order to Reliance
Infocomm to pay up the penalty of Rs 150 crore for the violation of licence
agreement in three circles.
http://www.financialexpress.com/fe_full_story.php?content_id=77799
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Bank profits to be hit: RBI
The Reserve Bank of India on Thursday said inflationary pressures are expected
to moderate over the coming months even as it reiterated that the overall gross
domestic product growth for 2004-05 is expected to be in the range of 6-6.5%.
http://www.financialexpress.com/fe_full_story.php?content_id=77800
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MFs in a tizzy as Dec 31 deadline on single investor norm nears
There is confusion galore in the mutual fund industry about the Securities and
Exchange Board of India deadline of December 31 for complying with the norms
for a minimum number of investors in each scheme of Indian mutual funds.
http://www.financialexpress.com/fe_full_story.php?content_id=77801
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Edits & Columns
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Review to empower
I think that the Electricity Act is a progressive piece of legislation. After
the Constitution, this is the only legislation that was enacted after extensive
consultations with various stakeholders.
http://www.financialexpress.com/fe_full_story.php?content_id=77728
And now for the great push forward
The year 2004 leaves behind a number of messages. The key one is that though
some of us may want India to sprint like a tiger, it will continue to plod like
an elephant.
http://www.financialexpress.com/fe_full_story.php?content_id=77726
Speech recognition software is ready
ScanSoft announced Version 8.0 of its award-winning speech recognition
software, �Naturally Speaking� in November 2004. Interestingly, this was a
release after nearly two years.
http://www.financialexpress.com/fe_full_story.php?content_id=77727
More in Edits & Columns at http://www.financialexpress.com/edits&columns.html
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Fe Insight
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�Under-utilisation of capacities in SMEs due to lack of finance�
http://www.financialexpress.com/fe_full_story.php?content_id=77752
�Lending to this sector poses a different set of challenges�
http://www.financialexpress.com/fe_full_story.php?content_id=77753
�Pace of dereservation should slow down�
http://www.financialexpress.com/fe_full_story.php?content_id=77754
More in Fe Insight at http://www.financialexpress.com/feinsight.html
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Economy
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Restructure food subsidy: report recommended
http://www.financialexpress.com/fe_full_story.php?content_id=77744
Backward states miss out on Central funds
http://www.financialexpress.com/fe_full_story.php?content_id=77745
Make fertiliser sector clutches free, says FM
http://www.financialexpress.com/fe_full_story.php?content_id=77746
More in Economy at http://www.financialexpress.com/economy.html
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Politics
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Uproar marks Lok Sabha session end
http://www.financialexpress.com/fe_full_story.php?content_id=77739
SP wrests Akbarpur from BSP
http://www.financialexpress.com/fe_full_story.php?content_id=77741
Cabinet condoles Rao�s demise
http://www.financialexpress.com/fe_full_story.php?content_id=77742
More in Politics at http://www.financialexpress.com/politics.html
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International
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Russian state takes Yukos oil assets
http://www.financialexpress.com/fe_full_story.php?content_id=77730
Bayer stops stroke drug development
http://www.financialexpress.com/fe_full_story.php?content_id=77731
Singapore PSA�s HK port deal thwarted by rivals
http://www.financialexpress.com/fe_full_story.php?content_id=77732
More in International at http://www.financialexpress.com/international.html
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News
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National information network for VAT
http://www.financialexpress.com/fe_full_story.php?content_id=77747
Cochin Port Trust to ink pact with Dubai in Jan
http://www.financialexpress.com/fe_full_story.php?content_id=77749
Maharashtra expects 15% increase in tax collection by fiscal-end
http://www.financialexpress.com/fe_full_story.php?content_id=77750
More in News at http://www.financialexpress.com/news.html
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>From The South
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Virtusa campus near Hitec City
http://www.financialexpress.com/fe_full_story.php?content_id=77802
Scottish Newcastle makes open offer to UB for 20% stake
http://www.financialexpress.com/fe_full_story.php?content_id=77803
Snow World floats Kart Cave
http://www.financialexpress.com/fe_full_story.php?content_id=77804
More in From The South at http://www.financialexpress.com/fromthesouth.html
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CORPORATES & MARKETS
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Front Page
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New BSNL system lures IT majors
http://www.financialexpress.com/fe_full_story.php?content_id=77769
Tata Indicom hopes to net 1.5 lakh clients with new service
http://www.financialexpress.com/fe_full_story.php?content_id=77770
Rising rubber prices puncture MRF profits
http://www.financialexpress.com/fe_full_story.php?content_id=77771
More in Front Page at http://www.financialexpress.com/cm/frontpage.html
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Money & Banking
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Contingency reserve target set at 12% of total assets by June� 05
http://www.financialexpress.com/fe_full_story.php?content_id=77775
Fiscal Responsibility Bill to help maintain stable inflation rate
http://www.financialexpress.com/fe_full_story.php?content_id=77776
Bengal allows 4 private banks to collect state taxes
http://www.financialexpress.com/fe_full_story.php?content_id=77777
More in Money & Banking at
http://www.financialexpress.com/cm/money&banking.html
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Markets & Commodities
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Sensex gains 28 points on more FII flows, oil price dip
http://www.financialexpress.com/fe_full_story.php?content_id=77779
Sebi slaps Rs 5 lakh penalty on Ahmedabad stock broker
http://www.financialexpress.com/fe_full_story.php?content_id=77780
Cement, capital goods enjoy fund managers favour: study
http://www.financialexpress.com/fe_full_story.php?content_id=77781
More in Markets & Commodities at
http://www.financialexpress.com/cm/markets&commodities.html
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Back Page
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Mphasis on hiring drive
http://www.financialexpress.com/fe_full_story.php?content_id=77786
Bajaj Electricals plans licensing deal for luminaire business
http://www.financialexpress.com/fe_full_story.php?content_id=77787
Sun, Cadence, Veda plan centre for R&D in VLSI engineering
http://www.financialexpress.com/fe_full_story.php?content_id=77788
More in Back Page at http://www.financialexpress.com/cm/backpage.html
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