EXPRESSINDIA.COM
The Indian Express Group
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The Financial Express daily newsletter
Edition of Friday, December 03, 2004
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THE FINANCIAL EXPRESS
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TODAY'S TOP STORIES
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Markets ride the wave of the dollar deluge
Powering its way through the 6,300 mark, the 30-share BSE Sensex closed
Thursday at 6,328.43, up 101 points or 1.62% above its previous close of
6,227.83. Sentiment in the market continues to be bullish as evidenced by huge
inflows from FIIs. In the past 14 trading sessions alone, FIIs have pumped in
more than $1 billion of the total $7 billion plus that they have pumped into
Indian equities this calendar year.
http://www.financialexpress.com/fe_full_story.php?content_id=75826
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Advantage FIIs in telecom FDI hike to 74%
The communications and IT ministry will push for a hike in foreign direct
investment in the telecom sector from the present 49% to 74% with the rider
that the extra portion be provided only by foreign institutional investors.
http://www.financialexpress.com/fe_full_story.php?content_id=75827
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IB finds fault with BSNL�s call tapping system
Bharat Sanchar Nigam Ltd�s monitoring facility has come under the scrutiny of
the intelligence bureau. IB has written a letter to the department of
telecommunications seeking details on mobile service switches of BSNL, leading
to glitches in the monitoring service at certain locations.
http://www.financialexpress.com/fe_full_story.php?content_id=75828
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India looks to Russia for more oil
India and Russia are set to ink a strategic agreement for co-operation in the
energy sector during the visit of Russian premier Vladimir Putin to India on
Friday.
http://www.financialexpress.com/fe_full_story.php?content_id=75829
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Re rises, yields on gilts slide
The rupee appreciated by a whopping 33 paise on Thursday to finish at a new
seven-month closing high of 44.1050/1250 to the dollar, against the previous
close 44.45/46.
http://www.financialexpress.com/fe_full_story.php?content_id=75830
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Gold, silver scale new peaks
Both precious metals � gold and silver � on Thursday scaled new peaks in the
domestic market, tracking sharp gains in bullion prices in New York trade on
Wednesday.
http://www.financialexpress.com/fe_full_story.php?content_id=75831
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Taxman eyes big-ticket investments
High networth individuals will be in for closer scrutiny by the government this
year onwards. If you run up a credit card bill of over Rs 2 lakh this financial
year or buy shares in a company worth Rs 1 lakh, the Income-Tax department will
be privy to these transactions, whether you disclose it or not.
http://www.financialexpress.com/fe_full_story.php?content_id=75832
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Edits & Columns
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Corruption, competition and growth
Corruption in indirect taxes has horrendous consequences. An honest
entrepreneur is harassed and somtimes expelled from business. But more
important, by favouring the tax-evaders, competition is severely distorted.
http://www.financialexpress.com/fe_full_story.php?content_id=75803
The bull run....
A rising Sensex has a way of putting all other developments in the shade. The
latest bull-run is no exception.
http://www.financialexpress.com/fe_full_story.php?content_id=75800
...The bear hug
Russian president Vladimir Putin�s third visit to India bids fair to conclude
agreements on a broad-ranging agenda of items, but uppermost will be
diversifying bilateral trade and economic cooperation.
http://www.financialexpress.com/fe_full_story.php?content_id=75801
More in Edits & Columns at http://www.financialexpress.com/edits&columns.html
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Fe Insight
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Defence cooperation: looking beyond the traditional framework
http://www.financialexpress.com/fe_full_story.php?content_id=75815
Negative trade balance with Russia appears to be deepening
http://www.financialexpress.com/fe_full_story.php?content_id=75817
Indian firms have an edge over competitors in Russia�s quality-sensitive market
http://www.financialexpress.com/fe_full_story.php?content_id=75818
More in Fe Insight at http://www.financialexpress.com/feinsight.html
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Economy
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Use the �spring� of Indo-US relations to promote bilateral agreements: Sibal
http://www.financialexpress.com/fe_full_story.php?content_id=75822
Putin�s visit to strengthen bilateral relations
http://www.financialexpress.com/fe_full_story.php?content_id=75842
46% world leaders worried about security, says survey
http://www.financialexpress.com/fe_full_story.php?content_id=75846
More in Economy at http://www.financialexpress.com/economy.html
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Politics
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Kanchi seer echoes in both Houses
http://www.financialexpress.com/fe_full_story.php?content_id=75807
Oil fuels walkout
http://www.financialexpress.com/fe_full_story.php?content_id=75811
Bengal ready to tackle bandh; CPI-M to avoid confrontation
http://www.financialexpress.com/fe_full_story.php?content_id=75813
More in Politics at http://www.financialexpress.com/politics.html
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International
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NTL sells TV transmission unit for �1.27 billion
http://www.financialexpress.com/fe_full_story.php?content_id=75834
China jet fuel supplier collapses in speculative trading debacle
http://www.financialexpress.com/fe_full_story.php?content_id=75838
Microsoft to launch Windows XP low-cost version in more markets
http://www.financialexpress.com/fe_full_story.php?content_id=75835
More in International at http://www.financialexpress.com/international.html
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News
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Developers have a field day in Chennai
http://www.financialexpress.com/fe_full_story.php?content_id=75825
New heads of six banks to be appointed soon
http://www.financialexpress.com/fe_full_story.php?content_id=75849
Seven global majors in race for Vizhinjam port
http://www.financialexpress.com/fe_full_story.php?content_id=75853
More in News at http://www.financialexpress.com/news.html
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>From The South
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Alliance buys Mensamind in cash and stock deal
http://www.financialexpress.com/fe_full_story.php?content_id=75874
Festo to invest Rs 4.5 cr in Bangalore facility
http://www.financialexpress.com/fe_full_story.php?content_id=75875
Old Admiral may kick up Radico Khaitan turnover to Rs 1000 cr
http://www.financialexpress.com/fe_full_story.php?content_id=75876
More in From The South at http://www.financialexpress.com/fromthesouth.html
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CORPORATES & MARKETS
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Front Page
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HLL to revise Surf Excel pricing
http://www.financialexpress.com/fe_full_story.php?content_id=75855
Free float factor helps Sensex hit high before Nifty
http://www.financialexpress.com/fe_full_story.php?content_id=75856
M&M, Amforge stake talks off
http://www.financialexpress.com/fe_full_story.php?content_id=75857
More in Front Page at http://www.financialexpress.com/cm/frontpage.html
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Money & Banking
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IBA group moots overhaul of security system for PSBs
http://www.financialexpress.com/fe_full_story.php?content_id=75861
StanChart PTCs get Crisil �AAA (SO)�
http://www.financialexpress.com/fe_full_story.php?content_id=75865
IDBI Bank in talks to buy out Rs 200-cr auto loan portfolios
http://www.financialexpress.com/fe_full_story.php?content_id=75862
More in Money & Banking at
http://www.financialexpress.com/cm/money&banking.html
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Markets & Commodities
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Sensex, Nifty scale new closing highs
http://www.financialexpress.com/fe_full_story.php?content_id=75867
Cos with high promoter stakes pay huge dividends
http://www.financialexpress.com/fe_full_story.php?content_id=75871
FII investment in corporate debt capped at $500 m
http://www.financialexpress.com/fe_full_story.php?content_id=75868
More in Markets & Commodities at
http://www.financialexpress.com/cm/markets&commodities.html
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Back Page
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Godfrey Phillips zooms in on South
http://www.financialexpress.com/fe_full_story.php?content_id=75872
Moser Baer diversifying to derisk ops
http://www.financialexpress.com/fe_full_story.php?content_id=75873
Satyam Computer gung-ho on RFID
http://www.financialexpress.com/fe_full_story.php?content_id=75870
More in Back Page at http://www.financialexpress.com/cm/backpage.html
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