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Wednesday, February 23, 2005
Budget set to lift FDI caps in key sectors
NEW DELHI, FEB. 22.The forthcoming budget looks set to move forward on liberalising foreign direct investment policies in key sectors such as construction, retail, insurance and pension funds. Despite continued opposition from the Left parties, ...
Widening financial markets
NEW DELHI, FEB. 22. As for financial services, the thinking is to raise the FDI ceiling from 40 to 74 per cent in the insurance sector to bring about a greater infusion of funds from abroad. The increased FDI limit, however, will include ...
GAIL buys stake in China Gas
NEW DELHI, FEB. 22.GAIL (India) Limited has entered into an agreement with China Gas Holdings to acquire a 9 per cent stake in the Chinese city gas distributor company. According to the share subscription agreement signed between the GAIL ...
Centre defends excise levy on retail price of drugs
NEW DELHI, FEB. 22. In defence of the change introduced in the basis of assessment for the levy of excise duty on drugs and pharmaceuticals, the Centre today declared that the switchover was found necessary on account of the "overcharging by drug ...
Russia invites India to invest in energy sector
MOSCOW, FEB. 22. Russia is keen to have India invest in its energy sector and is ready to discuss various options, the Russian Deputy Prime Minister, Alexander Zhukov, said. "We regard India as our strategic partner, including in the sphere of ...
`Look beyond CRM to strike right chord with customers'
CHENNAI, FEB. 22. Companies need to look beyond the conventional customer relationship management model to strike the right chord with the customers. The changing dynamics of the market, in which customers are well informed and have a wide ...
Bank shares in limelight
MUMBAI, FEB. 22. Riding high on a major move towards banking reforms, the market today snapped five-session long losing streak and rallied smartly to end 55 points up on heavy buying support as also fairly good amount of rollover in the futures ...
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