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Tuesday, January 31, 2006
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Panel moots steps to promote corporate bonds
Incentives for banks, pension funds and private placement mooted

Mittal not to change offer price
Allays fears over job cut, closure; plans to meet Arcelor shareholders, employees

Apollo buys Dunlop, S.Africa
The all-cash deal is valued at Rs. 290 cr.; acquires two companies

Sensex breaches 9900-mark
MUMBAI: The Bombay Stock Exchange Sensex on Monday breached the 9900-mark for the first time and later swung in a range of 142 points before closing 22 points lower at 9849.03 in line with sustained foreign institutional investment inflows ...

Essar's slurry pipeline on stream
Connects Bailadilla mines in Chhattisgarh and Vizag plant

Other Stories



Barometer


Briefly
Uniform VAT on bullion
NEW DELHI: The Empowered Committee of State Finance Ministers on Value Added Tax (VAT) on Monday succeeded in persuading Delhi, Gujarat, Rajasthan and Uttar Pradesh to maintain a uniform tax rate of one per cent on bullion. ...

Bids for advisors for NMDC disinvestment
NEW DELHI: The Union Government on Monday invited bids from merchant bankers to act as advisors for selling 15 per cent of its stake in National Mineral Development Corporation (NMDC). ...

PFC to invite EoI for mega plants
NEW DELHI: The Power Finance Corporation will invite Expression of Interest for the Sasan project in Madhya Pradesh on Tuesday, followed by the Mundra project in Gujarat on February 1, PTI reports quoting ...

Tax Advantage Fund-1 from Tata MF
CHENNAI: Tata Mutual Fund announced the launch of its new mutual fund scheme — Tata Tax Advantage Fund-1 — a 10-year close-ended equity linked savings scheme (ELSS) with a lock-in period of three years. The new fund offer will cose ...

Fiat Auto reports turnaround
TURIN: Fiat Auto turned in a quarterly trading profit for the first time in nearly five years as sales of its new Punto model kicked in, and the group will take advantage of the turnaround to tap debt markets. ...

Exim Bank signs MoU with CARE
CHENNAI: The Export Import Bank of India and CARE India, a voluntary organisation working in the Tsunami belt in Tamil Nadu and Andhra Pradesh,on Monday signed a memorandum of cooperation for promotion of rural export products made by self-help ...

Word of caution for financial journalists
CHENNAI: An `awesome responsibility' rests on financial journalists in view of the `commercial revolution' marked by `velocity, volume, variety and versatility' of transactions in the emerging borderless world, said columnist and former civil ...

Ramco Industries pays second interim
CHENNAI: Ramco Industries has announced a second interim dividend of 50 per cent for 2005-06. The company has already paid a first dividend of 50 per cent in November. According to unaudited results, net sales were higher at Rs. 58.31 crore ...

Madras Cements declares 50 p.c. interim
CHENNAI: Madras Cements has declared a second interim of 50 per cent for 2005-06. The company had already paid a first interim of 50 per cent. For the six months ended December 31, 2005, the company has achieved a net profit of Rs. 9.59 crore ...

100 p.c. interim from Kirloskar Oil
MUMBAI: Kirloskar Oil Engines has declared an interim dividend of 100 per cent on equity shares of Rs. 2 each, which will be paid through electronic clearing systems (ECS), the company informed the Bombay Stock ...

Peerless General launches co-branded card
KOLKATA: Peerless General Finance & Investment Company, a leading residuary non-banking company, has launched a credit card jointly with ICICI Bank. Peerless Managing Director, S. K. Roy, said in a release that the move was in line with the ...




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