The Hindu : Business News : Thursday, August 12, 2004

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Thursday, August 12, 2004

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`Government not averse to merger of banks'
NEW DELHI, AUG. 11.The Union Government is not averse to mega merger of banks and financial institutions such as IDBI and IFCI, if all stipulated norms of the Reserve Bank of India are met, the Finance Minister, P. Chidambaram, said today. ...

RBI monitors inflation
MUMBAI, AUG. 11.The Reserve Bank of India today stated that it is monitoring the developments on the inflation front and respond to it with a view to maintaining price stability over the year. "The Reserve Bank is monitoring the developments ...

ICICI Bank bullish on retail segment growth prospects
HYDERABAD, AUG. 11. The Deputy Managing Director of ICICI Bank, Kalpana Morparia, brushed aside rumours on the bank's financials saying "The ICICI Bank today has got the best financials with capital adequacy ratio of 15 per cent, and a good ...

Biotech industry upbeat on growth
BANGALORE, AUG. 11. The Association of Biotechnology Led Enterprises (ABLE), the apex body of biotech companies, expects the sector to do business over Rs. 4,500 crores ($1 billion) next year, Kiran Mazumdar Shaw, President of the association and ...

Other Stories

Rupee posts further gains

Sensex sheds 76 points

SFL seeks level field for finance companies

Minor shuffle at Hyundai Motor

Birlas file affidavit

Steel prices will be controlled, says Paswan

Spencer's hypermarket in Vizag, Chennai

Producers against import duty cut

Microsoft unveils cheaper version of Windows XP

Barometer

Exchange rates

Bullion rates

Briefly
CMIE lowers GDP growth
MUMBAI, AUG. 11.Faced with prospects of slowdown in the agriculture sector, the Centre for Monitoring Indian Economy (CMIE) today lowered its estimate of economic growth to 6 per cent in 2004-05 from the earlier forecast of 6.3 per cent. The ...

Sanofi open offer for Aventis
NEW DELHI, AUG. 11.French drugmaker Sanofi-Synthelabo is making an open offer for up to 20 per cent of Aventis Pharma Ltd India (APLI) at Rs. 792.2 per share, DSP Merrill Lynch, the manager to the offer, said today. The offer is for acquiring up ...

Centurion Bank's rights issue
MUMBAI, AUG. 11. Centurion Bank's rights will be open on August 24 and close on September 22. The bank will offer shareholders two shares for every five shares held on the record date, which was set earlier as July 23, at a price of Rs. 4 per ...

Fed raises interest rate
WASHINGTON, AUG. 10. The U.S. Federal Reserve boosted a key short-term interest rate by a quarter-point today as the central bank continued its campaign to keep inflation under control. The Fed Chairman, Alan Greenspan, and his colleagues on ...

Airtel services in 330 towns soon
COIMBATORE: Airtel has unveiled a major network expansion plan by charting a road-map to launch network in 330 towns with over 1,000 BTS (cell sites) before March 2005. Talking to reporters on Wednesday, its Chief Operating Officer, Ram Gopal ...

Trigger 1932 Jeans' expansion plan
COIMBATORE: Trigger 1932 Jeans Inc., the garment business division of the Coimbatore-based KG Denim Limited, has gone in for capacity expansion. It will invest about Rs. 2 crores this year in its sewing and washing units. Its production capacity ...

Agri Intex 2004 expo
COIMBATORE: The Coimbatore District Small Industries' Association (CODISSIA) will conduct here "Agri Intex 2004", an international agricultural exhibition, from August 20 to 25. The CODISSIA President, J. Balu, and the Chairman of the exhibition, ...

Other Stories

Tata AIG ties up with GE Countrywide

Western Digital pact with Tech Pacific

VIA to shift focus in India

Westside store in Indore

Arvind Mills to shift Mauritius facility

Subex acquires Lightbridge product

Plant-Tech's dual achievement

Kochi Refineries pays dividend

Insurance fortnight at Dhanalakshmi Bank

BPL Mobile's new scheme

Consumer exhibition

Arvind Mills to shift Mauritius facility

SBI MF ties up with Andhra Bank

Stanchart MF's new scheme

Jupiter Networks' training partner

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