EXPRESSINDIA.COM The Indian Express Group _________________________________________________________________ The Financial Express daily newsletter Edition of Saturday, December 04, 2004 _________________________________________________________________ ********************* THE FINANCIAL EXPRESS ********************* TODAY'S TOP STORIES ******************* Serious fraud by Daewoo: $37 m sent to Korea Daewoo Motors India Ltd had cheated Indian financial institutions by transferring $36.89 million to its parent, aewoo Corporation of Korea. The transfer of money to DwC was done between April 1996 and March 1997, By �backdating� the agreement, according to the SFIO. http://www.financialexpress.com/fe_full_story.php?content_id=75978 _______________________________________________________________ France Tele exits India European telecom major France Telecom has exited India by selling its 26% holding in BPL Mobile Communications Ltd to the Essar Group and a consortium of financial investors - Asian Pacific Systems Ltd - for an undisclosed amount. http://www.financialexpress.com/fe_full_story.php?content_id=75982 _______________________________________________________________ SC asks Rel Info to pay up entire dues to BSNL The Supreme Court on Friday asked Reliance Infocomm to pay within four weeks the remaining amount of Rs 84.7 crore due to Bharat Sanchar Nigam Ltd for routing international calls as local traffic. http://www.financialexpress.com/fe_full_story.php?content_id=75981 _______________________________________________________________ First Global allowed to resume trading The Securities Appellate Tribunal on Friday set aside an order passed by Sebi cancelling the registration granted to Shankar Sharma entities First Global Stockbroking and Vruddhi Confinvest India. The former is a stockbroking firm while the later is a Sebi-registered sub-broker, with Shankar Sharma and his wife Devina Mehra as directors. http://www.financialexpress.com/fe_full_story.php?content_id=75980 _______________________________________________________________ Russia to get market economy status After his meeting with Russian President Vladimir Putin, Prime Minister Manmohan Singh announced that his government stood by the commitment given by the NDA government on extending the status of �market economy� to Russia. Perhaps to prevent anyone jumping to the conclusion that this was a �revolutionary� step. http://www.financialexpress.com/fe_full_story.php?content_id=75979 _______________________________________________________________ /------------------------ advertisement ------------------------ No 1 Indian Matrimonials - 550,000+ members, 150,000+ photo profiles, 16,000+ successful matches! Register & Contact members for FREE!! http://ads.expressindia.com/adsnew/adclick.php?bannerid=400&zoneid=63&source=&dest=http%3A%2F%2Fwww.shaadi.com%2Findex.php%3Fptnr%3Dieom ------------------------ advertisement ------------------------/ Edits & Columns ******************* A sordid drama hinged on greed Away in the depths of Madhya Pradesh, one is spared the speculative tidbits of news that adorn the newspapers in our country. Local papers talked of a discord in the Ambani family which, like all family disputes, would end either with a reconciliation between the brothers or a division of the spoils. http://www.financialexpress.com/fe_full_story.php?content_id=75927 Dirigiste mindset Ever since Ram Vilas Paswan became Union steel minister in the UPA government, he has regularly been making dirigiste statements on the need to set up a National Steel Regulatory Commission to monitor steel prices. http://www.financialexpress.com/fe_full_story.php?content_id=75929 Companies still run like family fiefdoms In the last few days, one has witnessed the rather unseemly spectacle of a family feud threatening the stability of India�s largest private company, Reliance Industries. http://www.financialexpress.com/fe_full_story.php?content_id=75926 More in Edits & Columns at http://www.financialexpress.com/edits&columns.html _______________________________________________________________ Economy ******************* Rich nations spinning a yarn of protectionist rules of origin, warns study http://www.financialexpress.com/fe_full_story.php?content_id=75945 $1 bn Indo-Oman fertiliser project to start production from February http://www.financialexpress.com/fe_full_story.php?content_id=75937 Guard against complacency in IT sector: study http://www.financialexpress.com/fe_full_story.php?content_id=75939 More in Economy at http://www.financialexpress.com/economy.html _______________________________________________________________ Politics ******************* Buddha looks for bandh doctor, loses street battle http://www.financialexpress.com/fe_full_story.php?content_id=75924 �Bandh successfull but not due to Mamata� http://www.financialexpress.com/fe_full_story.php?content_id=75925 We have kept our promise on Pota: Congress http://www.financialexpress.com/fe_full_story.php?content_id=75919 More in Politics at http://www.financialexpress.com/politics.html _______________________________________________________________ International ******************* Intel raises quarterly revenue target http://www.financialexpress.com/fe_full_story.php?content_id=75912 Purnomo expects Opec to keep output quotas steady http://www.financialexpress.com/fe_full_story.php?content_id=75918 Oracle talks merger with firms beyond PeopleSoft http://www.financialexpress.com/fe_full_story.php?content_id=75911 More in International at http://www.financialexpress.com/international.html _______________________________________________________________ Fe World ******************* Red and blue in the US presidential vote http://www.financialexpress.com/fe_full_story.php?content_id=75933 Indian firms waking up to China�s markets http://www.financialexpress.com/fe_full_story.php?content_id=75935 India clippings http://www.financialexpress.com/fe_full_story.php?content_id=75936 More in Fe World at http://www.financialexpress.com/feworld.html _______________________________________________________________ News ******************* C�wealth games, metro and malls driving realty in Delhi http://www.financialexpress.com/fe_full_story.php?content_id=75953 Two Punjab CMs talk of breaking down barriers http://www.financialexpress.com/fe_full_story.php?content_id=75947 <i>Express</i> mourns publisher�s demise http://www.financialexpress.com/fe_full_story.php?content_id=75938 More in News at http://www.financialexpress.com/news.html _______________________________________________________________ >From The South ******************* AP flexible to land acquisition for pending irrigation projects http://www.financialexpress.com/fe_full_story.php?content_id=75984 Answerthink opens new centre for ERP clients http://www.financialexpress.com/fe_full_story.php?content_id=75985 Sharp eyes network printing market for 20% growth http://www.financialexpress.com/fe_full_story.php?content_id=75986 More in From The South at http://www.financialexpress.com/fromthesouth.html _______________________________________________________________ ********************* INDIA INC ********************* Aurobindo�s new prescription for growth http://www.financialexpress.com/fe_full_story.php?content_id=75909 Competing in high-speed markets http://www.financialexpress.com/fe_full_story.php?content_id=75893 Reliance update http://www.financialexpress.com/fe_full_story.php?content_id=75895 More in India Inc at http://www.financialexpress.com/inc/inc_index.html _______________________________________________________________ ********************* CORPORATES & MARKETS ********************* Front Page ******************* Nissan subsidiary gets Centre�s nod, but with a rider http://www.financialexpress.com/fe_full_story.php?content_id=75958 Asahi to set up Uttaranchal unit http://www.financialexpress.com/fe_full_story.php?content_id=75960 Fond of India, IMAX Corp scripts plans for more theatres http://www.financialexpress.com/fe_full_story.php?content_id=75962 More in Front Page at http://www.financialexpress.com/cm/frontpage.html _______________________________________________________________ Money & Banking ******************* Andhra Bank introduces mobile top-up services http://www.financialexpress.com/fe_full_story.php?content_id=75975 LIC to meet unions next week on wage revision; strike put off http://www.financialexpress.com/fe_full_story.php?content_id=75972 Centre appoints new CMDs for United India, NIC http://www.financialexpress.com/fe_full_story.php?content_id=75973 More in Money & Banking at http://www.financialexpress.com/cm/money&banking.html _______________________________________________________________ Markets & Commodities ******************* Bankex outperforms Sensex http://www.financialexpress.com/fe_full_story.php?content_id=75963 Sebi needs to spruce up, says Cadogan Fin principal http://www.financialexpress.com/fe_full_story.php?content_id=75964 Sensex ends 5.7 pts down after hitting new high http://www.financialexpress.com/fe_full_story.php?content_id=75965 More in Markets & Commodities at http://www.financialexpress.com/cm/markets&commodities.html _______________________________________________________________ Back Page ******************* Four-day offer nets 600 bookings for Elantra http://www.financialexpress.com/fe_full_story.php?content_id=75970 DCM Shriram taps IFC to fund expansion plan http://www.financialexpress.com/fe_full_story.php?content_id=75968 Bull run leaves pharma stocks behind http://www.financialexpress.com/fe_full_story.php?content_id=75969 More in Back Page at http://www.financialexpress.com/cm/backpage.html **************************************************************************************** Visit us at http://www.expressindia.com for indepth coverage of news from around India, updated round the clock. 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