EXPRESSINDIA.COM  
The Indian Express Group  
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The Financial Express daily newsletter  
Edition of Saturday, December 25, 2004  
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THE FINANCIAL EXPRESS  
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TODAY'S TOP STORIES  
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Santa gifts market an all-time high Sensex  
The domestic stock markets celebrated Christmas a day ahead, pushing bellwether 
indices to fresh highs. It was a day of records, with both the 30-share Sensex 
and the 50-share S&P CNX Nifty touching all-time highs both intra-day and at 
closing.  
http://www.financialexpress.com/fe_full_story.php?content_id=77837  
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End of quotas will usher in golden year  
2005 could well be the golden year for India�s $36 billion textiles and 
clothing industry, as it will be free of quantitative restrictions on exports 
to the US, the EU and Canada markets.  
http://www.financialexpress.com/fe_full_story.php?content_id=77840  
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HT Media ties up with Virgin Radio  
Hindustan Times is likely to bid for the second round of FM radio 
privatisation, according to industry sources.   
http://www.financialexpress.com/fe_full_story.php?content_id=77841  
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Inflation rate falls below 7% after 5 months  
The annual rate of inflation on point-to-point basis fell to below 7% after a 
gap of almost five months. Continuing the fall for the third consecutive week, 
inflation dipped to 6.73% for the week ended December 11.  
http://www.financialexpress.com/fe_full_story.php?content_id=77842  
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Union Bank, BoI boards to meet on Monday  
The boards of Union Bank of India and Bank of India will be meeting on Monday 
in Mumbai in the backdrop of the proposed merger between the two public sector 
banks.  
http://www.financialexpress.com/fe_full_story.php?content_id=77844  
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Sebi panel for relaxing margin trading facility  
The Secondary Markets Advisory Committee set up by the Securities and Exchange 
Board of India has proposed several changes in the margin trading facility as 
well as in the provisions for the securities lending scheme.  
http://www.financialexpress.com/fe_full_story.php?content_id=77843  
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GAIL sounds out clients on gas price hike  
GAIL (India) Ltd has written to its customers to indicate their maximum 
affordable price for natural gas from the Tapti gas field, in light of the 
possibility of increase in gas price.  
http://www.financialexpress.com/fe_full_story.php?content_id=77845  
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Edits & Columns  
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Formula One project: only a pit stop?  
It is reported that the Motor Sports Club of India is working on an alternative 
to revive the Formula 1 dream that had faded earlier this year.  
http://www.financialexpress.com/fe_full_story.php?content_id=77824  
  
Against the tide  
Former LIC chairman SB Mathur has just begun to realise what it means to take 
charge as administrator of Specified Under-taking Unit Trust of India.  
http://www.financialexpress.com/fe_full_story.php?content_id=77825  
  
It is time to blow the whistle  
We are often rudely jolted by a rail incident of one kind or the other: a 
derailment, an accident, a bridge collapse, a signal failure or a stampede.  
http://www.financialexpress.com/fe_full_story.php?content_id=77823  
  
More in Edits & Columns at http://www.financialexpress.com/edits&columns.html  
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Fe World  
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EU devising a �daring� strategy  
http://www.financialexpress.com/fe_full_story.php?content_id=77832  
  
India Clippings  
http://www.financialexpress.com/fe_full_story.php?content_id=77835  
  
South Thailand, next Kashmir?  
http://www.financialexpress.com/fe_full_story.php?content_id=77833  
  
More in Fe World at http://www.financialexpress.com/feworld.html  
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Economy  
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IIPA�s role sought for consumer welfare  
http://www.financialexpress.com/fe_full_story.php?content_id=77888  
  
No plan to hive off Korba from South Eastern Coalfields now  
http://www.financialexpress.com/fe_full_story.php?content_id=77890  
  
KSE closes in on Sensex, crosses 6,000 for first time  
http://www.financialexpress.com/fe_full_story.php?content_id=77899  
  
More in Economy at http://www.financialexpress.com/economy.html  
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Politics  
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Uma welcomed back in party fold...  
http://www.financialexpress.com/fe_full_story.php?content_id=77860  
  
Lalu denies violating poll code  
http://www.financialexpress.com/fe_full_story.php?content_id=77861  
  
Leaders pay last respects to Narasimha Rao  
http://www.financialexpress.com/fe_full_story.php?content_id=77863  
  
More in Politics at http://www.financialexpress.com/politics.html  
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International  
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Malaysia rejigs car taxes, scraps Proton rebate  
http://www.financialexpress.com/fe_full_story.php?content_id=77848  
  
Korea First Bank delays stake sale announcement  
http://www.financialexpress.com/fe_full_story.php?content_id=77850  
  
China to impose 5% tax on aluminium exports  
http://www.financialexpress.com/fe_full_story.php?content_id=77851  
  
More in International at http://www.financialexpress.com/international.html  
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News  
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Cost-overrun prompts Kochi Refineries to float tender for SBM  
http://www.financialexpress.com/fe_full_story.php?content_id=77866  
  
13th Saarc meet likely to witness four pacts in Dhaka  
http://www.financialexpress.com/fe_full_story.php?content_id=77896  
  
PSE recast board mulling loan waiver for Hindustan Salts  
http://www.financialexpress.com/fe_full_story.php?content_id=77898  
  
More in News at http://www.financialexpress.com/news.html  
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INDIA INC  
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Future direction of Indian globalisation  
http://www.financialexpress.com/fe_full_story.php?content_id=77838  
  
Balancing cost and quality imperatives  
http://www.financialexpress.com/fe_full_story.php?content_id=77847  
  
Gujarat NRE: Counting on costs  
http://www.financialexpress.com/fe_full_story.php?content_id=77859  
  
More in India Inc at http://www.financialexpress.com/inc/inc_index.html  
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CORPORATES & MARKETS  
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Front Page  
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ICL to raise Rs 655 cr from HK fund  
http://www.financialexpress.com/fe_full_story.php?content_id=77865  
  
Mahindras in China Town with 80% stake in tractor JV  
http://www.financialexpress.com/fe_full_story.php?content_id=77867  
  
Chinese companies keen on India  
http://www.financialexpress.com/fe_full_story.php?content_id=77869  
  
More in Front Page at http://www.financialexpress.com/cm/frontpage.html  
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Money & Banking  
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Foreign, private banks bet big on SMEs  
http://www.financialexpress.com/fe_full_story.php?content_id=77875  
  
High drama marks TN Mercantile Bank AGM  
http://www.financialexpress.com/fe_full_story.php?content_id=77876  
  
New bank wage scale yet to be final  
http://www.financialexpress.com/fe_full_story.php?content_id=77877  
  
More in Money & Banking at 
http://www.financialexpress.com/cm/money&banking.html  
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Markets & Commodities  
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Corpus of diversified equity funds up 5-18%  
http://www.financialexpress.com/fe_full_story.php?content_id=77880  
  
Rush for  MAPIN hots up as Sebi deadline closes in  
http://www.financialexpress.com/fe_full_story.php?content_id=77882  
  
Soaring ball clay prices to hit tile manufacturers  
http://www.financialexpress.com/fe_full_story.php?content_id=77883  
  
More in Markets & Commodities at 
http://www.financialexpress.com/cm/markets&commodities.html  
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Back Page  
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GSPC�s phase II exploration at Cambay  
http://www.financialexpress.com/fe_full_story.php?content_id=77885  
  
Wunderman charts out expansion drive  
http://www.financialexpress.com/fe_full_story.php?content_id=77886  
  
HC refers TPC-REL dispute over standby charges to Appellate Tribunal  
http://www.financialexpress.com/fe_full_story.php?content_id=77887  
  
More in Back Page at http://www.financialexpress.com/cm/backpage.html  
  
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