EXPRESSINDIA.COM
The Indian Express Group
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The Financial Express daily newsletter
Edition of Thursday, October 28, 2004
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THE FINANCIAL EXPRESS
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TODAY'S TOP STORIES
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Mumbai calling, FM to meet CEOs
Finance minister P Chidambaram will be in the commercial capital on Friday to take
stock of the financial sector and simultaneously review the functioning of UTI, LIC,
GIC and the National Stock Exchange. Several issues are likely to be discussed during
the day-long discussion.
http://www.financialexpress.com/fe_full_story.php?content_id=72639
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India not out of LNM radar
Steelmaker Laxmi N Mittal�s appetite for inorganic growth doesn�t end with becoming
the world�s largest steel company. The new entity, Mittal Steel Company, continues to
be on an expansion spree, eyeing more acquisitions across the globe including India.
http://www.financialexpress.com/fe_full_story.php?content_id=72640
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Losses on motor insurance set to increase
Four public sector general insurance companies could lose anywhere between Rs 2,100
crore and Rs 2,150 crore from motor insurance in the current fiscal. This is Rs 100
crore more than the last fiscal.
http://www.financialexpress.com/fe_full_story.php?content_id=72641
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GE, Bechtel to cooperate on sale of Dabhol assets
GE and Bechtel � which control 86% of DPC equity �have agreed to cooperate with the US
government-promoted Overseas Private Investment Corporation and the Indian lenders in
implementing the process of selling the company�s assets.
http://www.financialexpress.com/fe_full_story.php?content_id=72642
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Net telephony fails to pick up
The internet telephony services market is not picking up. And the culprit is the
continuous decline in the international long distance tariff.
http://www.financialexpress.com/fe_full_story.php?content_id=72643
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Investment Commission to function under MoF
The high-profile Investment Commission, which is being set up to woo foreign and well
as domestic investment for funding mega projects, will function under the finance
ministry.
http://www.financialexpress.com/fe_full_story.php?content_id=72644
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BOTTOMLINE: Left is right as far as the PM is concerned
It is precisely to raise resources for social sectors championed by the Left that the
government needs FDI, says PM Manmohan Singh. And if we have to do more for these
sectors without harming economic growth, then we have to have more freedom to woo FDI,
he adds.
http://www.financialexpress.com/fe_full_story.php?content_id=72645
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Edits & Columns
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Acquisitive expansion route to global dominance
It�s a pity that a billion plus nation produces only 31.78 million tonne of crude
steel while its equally big neighbour produced as much as 220.12 million tonne last
year.
http://www.financialexpress.com/fe_full_story.php?content_id=72588
Poor progress towards millennium goals
The biggest challenge of globalisation is to eradicate global poverty. Poverty amidst
plenty is the world�s biggest problem. Of the world�s six billion people, 2.8 billion
survive on less than $2 a day.
http://www.financialexpress.com/fe_full_story.php?content_id=72589
Man of mettle
My first reaction to the news that steel baron Lakshmi Nivas Mittal has announced a
merger deal that would make his company the world number one where steel manufacturing
is concerned is that it is a matter of great satisfaction.
http://www.financialexpress.com/fe_full_story.php?content_id=72590
More in Edits & Columns at http://www.financialexpress.com/edits&columns.html
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Investor
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BSE set on demutualisation track
http://www.financialexpress.com/fe_full_story.php?content_id=72604
Refining margins news, good results bolster oil stocks
http://www.financialexpress.com/fe_full_story.php?content_id=72605
SFL-LGF merger swap at 1.52:1
http://www.financialexpress.com/fe_full_story.php?content_id=72606
More in Investor at http://www.financialexpress.com/investor.html
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Money & Banking
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�Citibank Ultima�, �Diners Club� launched
http://www.financialexpress.com/fe_full_story.php?content_id=72633
Western Union to offer services through Dena Bank
http://www.financialexpress.com/fe_full_story.php?content_id=72637
LIC, New India back FDI hike proposal
http://www.financialexpress.com/fe_full_story.php?content_id=72631
More in Money & Banking at http://www.financialexpress.com/money&banking.html
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Economy
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Sebi clamps down on debt issue norm breaches
http://www.financialexpress.com/fe_full_story.php?content_id=72619
Quebec trade team coming
http://www.financialexpress.com/fe_full_story.php?content_id=72623
India woos French companies
http://www.financialexpress.com/fe_full_story.php?content_id=72620
More in Economy at http://www.financialexpress.com/economy.html
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Politics
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Advani tells party to be ready for polls �anytime�
http://www.financialexpress.com/fe_full_story.php?content_id=72600
This is a historic day: Vajpayee
http://www.financialexpress.com/fe_full_story.php?content_id=72601
Stalemate ends, Maharashtra to get Congress CM
http://www.financialexpress.com/fe_full_story.php?content_id=72602
More in Politics at http://www.financialexpress.com/politics.html
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Corporate
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High realisations boost ACC bottomline
http://www.financialexpress.com/fe_full_story.php?content_id=72597
Philips repositions itself as healthcare electronics major
http://www.financialexpress.com/fe_full_story.php?content_id=72598
Mixed fare for two-wheeler firms in H1
http://www.financialexpress.com/fe_full_story.php?content_id=72595
More in Corporate at http://www.financialexpress.com/corporate.html
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Fe Insight
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Petroleum: remove price control, reform taxes
http://www.financialexpress.com/fe_full_story.php?content_id=72592
Local finances: looking for leadership from the 12th Finance Commission
http://www.financialexpress.com/fe_full_story.php?content_id=72593
VASsup in the wireless value chain?
http://www.financialexpress.com/fe_full_story.php?content_id=72594
More in Fe Insight at http://www.financialexpress.com/feinsight.html
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Commodities
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Opec president asks US to release emergency crude oil stocks
http://www.financialexpress.com/fe_full_story.php?content_id=72614
800 Jewellers� licences issued
http://www.financialexpress.com/fe_full_story.php?content_id=72609
More in Commodities at http://www.financialexpress.com/commodities.html
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News
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No major defence deal likely this fiscal
http://www.financialexpress.com/fe_full_story.php?content_id=72615
New US visa regime
http://www.financialexpress.com/fe_full_story.php?content_id=72651
Austrian Airlines to operate daily flights
http://www.financialexpress.com/fe_full_story.php?content_id=72622
More in News at http://www.financialexpress.com/news.html
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>From The South
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Corporates sore over naxalites occupying `surplus land' in AP
http://www.financialexpress.com/fe_full_story.php?content_id=72647
Medak under the cloud of `cocktail of chemical poisons'
http://www.financialexpress.com/fe_full_story.php?content_id=72649
Visaka to set up new plant for asbestos at Tumkur
http://www.financialexpress.com/fe_full_story.php?content_id=72648
More in From The South at http://www.financialexpress.com/fromthesouth.html
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EFE
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Front Page
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E-governance spend touches Rs 2,200 cr
http://www.financialexpress.com/fe_full_story.php?content_id=72571
IFFI �04: Hawking films on the beaches of Goa
http://www.financialexpress.com/fe_full_story.php?content_id=72576
�Spectrum issue blocking CDMA subscriber growth�
http://www.financialexpress.com/fe_full_story.php?content_id=72572
More in Front Page at http://www.financialexpress.com/efe/frontpage.html
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Convergence
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Trai paper terms rural telephony coverage unsatisfactory
http://www.financialexpress.com/fe_full_story.php?content_id=72577
Geosoft to treble headcount at Technopark unit
http://www.financialexpress.com/fe_full_story.php?content_id=72579
Tata Elxsi animation division eyes feature film production
http://www.financialexpress.com/fe_full_story.php?content_id=72578
More in Convergence at http://www.financialexpress.com/efe/convergence.html
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