The Hindu : Business News : Saturday, July 03, 2004

Online edition of India's National Newspaper
Saturday, July 03, 2004

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Export growth target raised to 16 p.c. for 2004-05
NEW DELHI, JULY 2.Exports are expected to reach $73.4 billion this year with the Government having raised the growth target to 16 per cent from 12 per cent in the last two years. This is also likely to help exports reach $150 billion by ...

RBI for diversified ownership in private banks
MUMBAI, JULY 2. In a move to diversify ownership of private banks the Reserve Bank of India proposed, "no single entity or group of related entities has shareholding or control, directly or indirectly, in any bank in excess of 10 per cent of the ...

Tata Steel to push for social responsibility of businesses
CHENNAI, JULY 2. The Tata Iron and Steel Company (Tisco) will announce in the course of this year a policy framework whereby it "will do business" only with entities which show a commitment to corporate social responsibility. "We want to ...

FINANCIAL SCENE
Preparing the market for a higher interest rate
The RBI Governor's interview to this newspaper has been interpreted as the first hint of a harder monetary stance. Preparing the market for a change in interest rate is a crucial task.

Other Stories

Rupee extends gains

Sensex recovers major part of early losses

Principal AMC ties up with 2 banks

LG Electronics launches range of TVs

'Continue fiscal incentives for exports'

Barometer

Bullion rates

Exchange rates

Briefly
Marginal fall in inflation
NEW DELHI, JULY 2. Notwithstanding an increase in prices of cooking gas, petrol and diesel, the rate of inflation fell marginally to 5.87 per cent during the week ended June 19. After rising continuously for the last five weeks, the wholesale ...

SBI invests in MCX
MUMBAI, JULY 2.State Bank of India has picked up 10 per cent equity stake in Multi Commodity Exchange of India Ltd., a subsidiary of Financial Technologies India Ltd. With this, SBI has joined Union Bank of India, Corporation Bank and Bank of ...

Amway to foray into insurance
LUCKNOW, JULY 2. Amway Corporations' wholly-owned Indian subsidiary, Amway India, will foray into the insurance business by next fiscal. Amway India Corporate Affairs Director, Sanker Parmeswaran, told newsmen here today that the company, which ...

New MD for IBM India
CHENNAI, JULY 2.IBM has announced the appointment of Shanker Annaswamy as the Managing Director of IBM India. He takes over from Abraham Thomas who has been named Vice President for IBM's Global Small and Medium Business Asean/South Asia, based ...

Maruti to roll out new-look Esteem
NEW DELHI, JULY 2. Maruti Udyog will launch a `new look' mid-size sedan Esteem early next week with an aggressive pricing strategy. The new look Esteem, which would be competitively priced, has been designed in-house. The move was aimed at ...

Other Stories

Airtel's new roaming scheme

SKF India ties up with Texmo

TUV Rheinland opens regional office

Pulse Pharma's unit in Himachal Pradesh

Andhra Bank in pact with ECGC

SBH's special educational loan scheme

Samkrg Pistons to pay 45 p.c.

Corporation Bank raises NRE deposit rates

Acer launches two products

Bharti in pact with Siemens

NCDEX's milestone

New CFO for Sify

Organon India divests bulk drug facility

Atlanta IT Solutions' achievement

Califer Polymers celebrates anniversary

Andhra Bank launches mediclaim policy

Canara Bank-KAMCO scheme

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