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Govt. may fix ONGC share price at Rs. 750
NEW DELGI, MARCH 12.The Government may mop up over Rs. 10,400 crores from ONGC public offering, with the Union Disinvestment Minister, Arun Shourie, not ruling out selling price of Rs. 750 per share at which the public offer has been ...

IMF warns against high fiscal deficit
NEW DELHI, MARCH 12. Warning that the combined fiscal deficit of the Centre and the States at 10 per cent of gross domestic product (GDP) was `alarmingly high', the International Monetary Fund today said Indian political leadership should rise to ...

Industrial production up 7.4 p.c. in January
NEW DELHI, MARCH 12.With a 7.4 per cent growth in industrial production recorded in January, the overall index of industrial production (IIP) for April-January 2003-04 clocked a growth of 6.5 per cent against 5.7 per cent in the same period of ...

Infosys leads recovery, Sensex up 51 points
MUMBAI, MARCH 12. Led by Infosys , share prices rallied smartly at the stock exchange today due to a late round of heavy buying by foreign funds and local operators that drove the sensex up by 50.54 points to close at 5700.40, cutting short a ...

Congress alleges multi-crore scam in disinvestment
NEW DELHI, MARCH 12.Congress today alleged multi-crore scam in disinvestment of government stake in blue chip firms such as ONGC saying the SEBI's "admission of error'' in calculation of oversubscription was a "deliberate attempt to cheat'' ...

MRF chief seeks level field in rubber prices
CHENNAI, MARCH 12.The tyre industry is caught in a pincer-like situation, it appears. Escalating rubber prices, on the one hand, and intense competition from China, on the other, have all landed the industry in a bind. So much so, tyre has become ...

FINANCIAL SCENE
Foreign capital aggravates employees' concerns
An increased level of foreign direct investment in Indian banking will hasten the process of consolidation. There are good reasons to allay the genuine fears of bank employees.

Other Stories

  • Rupee edges up
  • Gelli quits GTB board again
  • TMB adopts accounts for six years
  • 3-G phones to run on open source software

    Barometer
  • Exchange rates
  • Bullion rates
  • Stock Market Index

    Briefly
    Inflation at 5.32 p.c.
    NEW DELHI, MARCH 12.Inflation fell substantially by 0.62 per cent to 5.32 per cent for the week ended February 28 mainly due to fall in prices of primary items, including fruits and vegetables, and non-food articles. The point-to-point Wholesale ...

    Nod for ICICI Bank issue
    MUMBAI, MARCH 12.The shareholders of ICICI Bank have approved the bank's proposal to raise Rs. 3,000-3,500 crores through a domestic equity issue in the first quarter of 2004-05 to strengthen its capital base and tap the business ...

    Other Stories

  • AirTel cuts processing fee on prepaid cards
  • IOB's Lok Adalat
  • Acting CMD of Punjab & Sind Bank
  • New Chairman of AAI



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