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Friday, January 07, 2005
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Sensex on a roller-coaster ride
MUMBAI, JAN. 6. The Sensex today was on a roller-coaster ride after the overnight mayhem on bourses, fluctuating in wide ranges before ending the day down by a steep 91 points, driven lower by sustained profit selling. Opening weak at 6447.27, ...

Roadmap for banking reforms soon: Chidambaram
NEW DELHI, JAN. 6.Favouring financial sector reforms to foster high 8 per cent growth, the Government said today it would shortly set up a regulator for the pension sector and announce the roadmap for banking reforms, which includes allowing 74 ...

Strategy paper on manufacturing shortly
NEW DELHI, JAN. 6.The newly constituted National Manufacturing Competitiveness Council (NMCC) will come out with a long-term strategy paper on manufacturing and will provide inputs for the coming budget. At the first meeting of the council, ...

Consumers to benefit from cut in ADC rates
MUMBAI, JAN. 6.The announcement by the Telecom Regulatory Authority of India (TRAI) to cut the Access Deficit Charge (ADC) payable by cellular operators is yet another benefit coming the consumers way. "The high ADC rates payable by the ...

M. P. Birla sisters challenge transfer of shares
KOLKATA, JAN. 6. Laxmi Devi Newar and Radha Devi Mohatta, sisters of late M. P. Birla have filed a petition before the Company Law Board, Eastern Regional Bench, challenging what the petition described as fraudulent transfer of shares of East ...

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Barometer


Briefly
1:1 bonus from Glenmark
CHENNAI: The directors of Glenmark Pharmaceuticals have approved a bonus issue in the ratio of one share for every equity share. The existing equity capital, having a face value of Rs. 2, is Rs. 11.85 crores. Reserves stood at Rs. 213.21 crores ...

TCS Q3 results on January 13
NEW DELHI, JAN. 6. Tata Consultancy Services will come out with its financial results for the third quarter on January 13, the company informed the Bombay Stock Exchange today. — ...

Risk weightage on housing loans
MUMBAI, JAN. 6.The Reserve Bank of India has increased the risk weightage by 25 per cent to 75 per cent on housing loans extended by primary urban cooperative banks to individuals who are fully secured by mortgage of residential properties. ...

Max shares for foreign investors
NEW DELHI, JAN. 6.Max India has allotted over 40 lakh preferential equity and 40 lakh warrants totalling Rs. 162.57 crores to two foreign investors, Madison Holdings and Melany Holdings Ltd.— ...

BEL pays interim dividend
BANGALORE: Bharat Electronics Ltd (BEL) has declared 40 per cent interim dividend for 2004-05. The Chairman and Managing Director, Y. Gopala Rao, presented the interim dividend cheque for Rs. 24.27 crores to the Defence Minister, Pranab ...

Seminar on zero discharge scheme held
COIMBATORE: Ion Exchange (India) Limited organised a seminar on "cost effective zero discharge scheme" in Tirupur on January 4. It was organised in co-ordination with the Dyers' Association of Tirupur and the Federation of Common Effluent ...

Workshop on value engineering
COIMBATORE: The Confederation of Indian Industry (CII), Coimbatore Zone, will conduct here a workshop on "value engineering" on January 12. It will cover topics such as appreciation of value engineering — overview, concept and relevance, ...

Bhavishya Nidhi Adalat
COIMBATORE: The Regional Provident Fund Commissioner, Sub Regional Office of the Employees' Provident Fund Organisation, Maruti Bhoyi, will conduct a Bhavishya Nidhi Adalat in Salem on January 10. The Employees' Provident Fund members and ...

Award for agro chemical company
COIMBATORE: The Coimbatore-based Scientific Fertiliser Company Private Limited has won the Certificate of Merit Award for outstanding export performance for 2001-02. According to a release, the Basic Chemicals, Pharmaceuticals and Cosmetics ...

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