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Chidambaram for investment-led growth
NEW DELHI, DEC. 27.The Government would pursue an investment-led growth policy in the coming years to sustain a 7-8 per cent economic growth, following a 26.9 per cent jump in investment proposals till October, P. Chidambaram, Union Finance ...

RBI relief package for tsunami hit areas
MUMBAI, DEC. 27.The Reserve Bank of India today activated its relief package for the States affected by tsunami. Bank branches are required to initiate the package of measures immediately after the district/State authorities declare the ...

Tourism: no immediate cancellations in tsunami aftershock
KOLKATA, DEC. 27. Contrary to expectations, a spate of cancellations by tourists has not rolled in, in the aftermath of the monstrous waves that swept through large parts of the Southeast Asian countries and India. Enquiries made by The ...

Warburg to invest in Kotak Mahindra Bank
NEW DELHI, DEC. 27.Warburg Pincus International is set to invest Rs. 75.90 crores for picking up 2.75 per cent in Kotak Mahindra Bank, which has also decided to increase its foreign institutional investor holding limit from 24 to 30 per cent. ...

OVL eyes stake in Russian oil firm
NEW DELHI, DEC. 27. ONGC Videsh Ltd. (OVL), the foreign arm of Oil and Natural Gas Corporation, is eyeing equity in Russia's fast growing oil firm Sibneft and has tied up with Russian Rosneft for the purpose. "OVL and Rosneft have entered into a ...

RIL buyback fails to impact market
MUMBAI, DEC. 27. Though today's crucial Reliance Industries board meeting failed to make any positive impact on the company's shares, the overall sentiment remained bullish on the stock market and the Sensex closed past the 6500-mark at a new ...

ICAI welcomes Tax Tribunal Bill
NEW DELHI, DEC. 27. The Institute of Chartered Accountants of India has complimented the Union Finance Minister, P. Chidambaram, for another structural reform in the administration of the tax laws by introducing the National Tax Tribunal Bill, ...

Rupee edges down
MUMBAI, DEC. 27. The rupee today remained under pressure against the U.S. currency due to possible month-end dollar demand amidst a relatively firm dollar overseas in mostly quiet and range-bound trading at the interbank foreign exchange ...

IN BRIEF
RIL to consider Q3 results
MUMBAI, DEC. 27. The board of Reliance Industries will meet on January 21, 2005 to consider the results for the third quarter of the current fiscal. The directors would take on board the results for the October-December 2004 quarter, RIL ...

IN BRIEF
Monnet to raise $60 m
NEW DELHI, DEC. 27.Monnet Ispat will raise up to $60 million from international market through foreign currency convertible bonds issue to fund its capital expenditure plans and acquisitions. The board of directors, which met on December 25, ...

IN BRIEF
Wheels India's 30 p.c. interim
CHENNAI, DEC. 27.The board of directors of Wheels India Board today approved an interim dividend of 30 per cent for 2004-05, the company informed National Stock Exchange today. It also said that January 11 has been fixed as the record date for ...

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