EXPRESSINDIA.COM
The Indian Express Group
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The Financial Express daily newsletter
Edition of Monday, November 08, 2004
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THE FINANCIAL EXPRESS
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TODAY'S TOP STORIES
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Price increase must for oil PSUs to be profitable: PM
Speaking to mediapersons on board the plane to The Hague where he is to attend
the fifth India-EU summit on Monday, the PM said the government needed to take
care that the interests of the oil PSUs is not hurt. �You cannot kill the goose
that lays the golden egg,� he said.
http://www.financialexpress.com/fe_full_story.php?content_id=73632
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Arun Hegde billed to head Wrigley India
The decks seem to have been cleared for the appointment of Arun Hegde as head
of Wrigley India, the integrated entity formed by the acquisition of JoyCo�s
business in April 2004.
http://www.financialexpress.com/fe_full_story.php?content_id=73634
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Raunaq group plans to up Apollo Tyres stake via 5% creeping route
The Raunaq group, promoters of ATL, is planning a 5% creeping acquisition in
the coming months. This will mean that the equity structure and the level of
promoters� stake, which have been fluctuating of late, will continue to do so.
http://www.financialexpress.com/fe_full_story.php?content_id=73635
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Lotte to pick 70% equity in JV with DS group
Japanese conglomerate Lotte will pick up a 70% equity in the proposed food &
beverage joint venture with the Delhi-based Dharampal Satyapal group which
makes the �Catch� range of products and mouth freshner Pass-Pass.
http://www.financialexpress.com/fe_full_story.php?content_id=73636
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DSE�s capital days over
Located at one of the busiest crossings in the capital, the imposing granite
building of the Delhi Stock Exchange today wears a deserted look. Step inside
and you will find empty broker cabins, terminals switched off and just about a
handful of employees.
http://www.financialexpress.com/fe_full_story.php?content_id=73633
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Rs 100-cr base norm for health insurance may be lowered
New entrants to the health insurance sector may no longer need to have a
minimum capital base of Rs 100 crore. This mandatory requirement is likely to
be substantially lowered with a view to radically re-modelling the sector and
broadening its reach.
http://www.financialexpress.com/fe_full_story.php?content_id=73637
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BOTTOMLINE: Turf war in state-run lotteries
The game of luck can�t be left to chance - or to the whims of state
governments. So it would seem from the lottery lobby�s appeal to home minister
to set up a tribunal for settling disputes among states relating to lotteries.
�The tribunal must be headed by a retired chief justice of a high court or a
Supreme Court judge,� says the All India Federation of Lottery Trade and Allied
Industries.
http://www.financialexpress.com/fe_full_story.php?content_id=73638
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Edits & Columns
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But what about consumers� rights?
There is a growing incidence of customer harassment by high profile foreign and
private banks that is caused by new technology and systems that discourage
grievance redressal.
http://www.financialexpress.com/fe_full_story.php?content_id=73597
The mobile seven
In a significant development, seven operators in the Asia-Pacific region have
joined hands to form Bridge Mobile Pte Ltd to put in place a regional network.
http://www.financialexpress.com/fe_full_story.php?content_id=73599
Need for global size banks
As a lot of groundwork has to be done both at the bank and government-level
before a merger can take place. The classic example of the State Bank of India
and its associates is a case in point.
http://www.financialexpress.com/fe_full_story.php?content_id=73598
More in Edits & Columns at http://www.financialexpress.com/edits&columns.html
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Money Matters
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Basel II turns big business opportunity
http://www.financialexpress.com/fe_full_story.php?content_id=73573
Need for a uniform stamp duty regime
http://www.financialexpress.com/fe_full_story.php?content_id=73574
Insurance distribution: a micro view
http://www.financialexpress.com/fe_full_story.php?content_id=73576
More in Money Matters at http://www.financialexpress.com/moneymatters.html
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Economy
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Go-ahead to steel PSUs for coking coal JVs
http://www.financialexpress.com/fe_full_story.php?content_id=73610
Gas to replace naptha in six closed fertilizer units
http://www.financialexpress.com/fe_full_story.php?content_id=73611
Pantaloon India plans expansion
http://www.financialexpress.com/fe_full_story.php?content_id=73616
More in Economy at http://www.financialexpress.com/economy.html
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Politics
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Nitish Asks Paswan to head anti-RJD grand alliance
http://www.financialexpress.com/fe_full_story.php?content_id=73578
If UPA train derails,we�ll put it back on track: Yechury
http://www.financialexpress.com/fe_full_story.php?content_id=73579
Maharashtra ministry expansion may be delayed
http://www.financialexpress.com/fe_full_story.php?content_id=73581
More in Politics at http://www.financialexpress.com/politics.html
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Corporate
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Godrej group plans infotech push, to recast foods business
http://www.financialexpress.com/fe_full_story.php?content_id=73588
India Inc shows healthy performance in first half
http://www.financialexpress.com/fe_full_story.php?content_id=73589
SBI MF mulls offshore fund
http://www.financialexpress.com/fe_full_story.php?content_id=73590
More in Corporate at http://www.financialexpress.com/corporate.html
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Op-Ed
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Flying in the air
http://www.financialexpress.com/fe_full_story.php?content_id=73605
First reconcile the needs of Sebi and Companies Act
http://www.financialexpress.com/fe_full_story.php?content_id=73606
It�ll help give a company�s true financial picture
http://www.financialexpress.com/fe_full_story.php?content_id=73607
More in Op-Ed at http://www.financialexpress.com/op-ed.html
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Commodity Watch
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Horticulture mission aims at bridging investment gap
http://www.financialexpress.com/fe_full_story.php?content_id=73554
New patent regime may pose challenges to farm sector
http://www.financialexpress.com/fe_full_story.php?content_id=73556
Diamond manufacturer Shrenuj profits on Diwali season demand
http://www.financialexpress.com/fe_full_story.php?content_id=73559
More in Commodity Watch at http://www.financialexpress.com/commoditywatch.html
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States
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Steelmakers for curb on ore export, with priority for domestic units
http://www.financialexpress.com/fe_full_story.php?content_id=73582
Rs 56,008 crore investments needed by 2009-10, says MSEB
http://www.financialexpress.com/fe_full_story.php?content_id=73583
Floods in TN after three years of praying for rain
http://www.financialexpress.com/fe_full_story.php?content_id=73584
More in States at http://www.financialexpress.com/states.html
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News
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Manmohan welcomes EU proposal for strategic partnership
http://www.financialexpress.com/fe_full_story.php?content_id=73577
Paswan orders drafting of fresh steel policy
http://www.financialexpress.com/fe_full_story.php?content_id=73609
We must promote our interests in dialogue with US, says PM
http://www.financialexpress.com/fe_full_story.php?content_id=73612
More in News at http://www.financialexpress.com/news.html
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EFE
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Front Page
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Higher sales tax will mean higher piracy level
http://www.financialexpress.com/fe_full_story.php?content_id=73533
Aircel: biggest player but lowest revenue earner in Chennai
http://www.financialexpress.com/fe_full_story.php?content_id=73534
Infosys ADS may fund ESOPs for its non-Indian employees
http://www.financialexpress.com/fe_full_story.php?content_id=73535
More in Front Page at http://www.financialexpress.com/efe/frontpage.html
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Convergence
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IFC set to invest $4 m in AP venture fund
http://www.financialexpress.com/fe_full_story.php?content_id=73542
Bush win raises hopes of India Inc
http://www.financialexpress.com/fe_full_story.php?content_id=73543
Godrej, BlowPlast have new designs on furniture market
http://www.financialexpress.com/fe_full_story.php?content_id=73547
More in Convergence at http://www.financialexpress.com/efe/convergence.html
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Marketing & Management
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Electrolux plans foray into hobs and hoods segment
http://www.financialexpress.com/fe_full_story.php?content_id=73546
Pony to set foot in Indian market
http://www.financialexpress.com/fe_full_story.php?content_id=73548
RBS - Siemens, in fresh marketing moves
http://www.financialexpress.com/fe_full_story.php?content_id=73550
More in Marketing & Management at
http://www.financialexpress.com/efe/marketing&management.html
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