The Hindu Business Line : Sunday, August 29, 2004

To attain world-class status — Govt favours consolidation in banks: Chidambaram
THE Union Government is in favour of consolidation in the Indian banking industry and is of the view that it will enable banks to achieve `world-class' status, according to the Finance Minister, Mr P. Chidambaram. "Consolidation alone will give ... More

Truckers call off week-long strike — Joint panel to look into service tax issue
As per the agreement, the Government will make suitable rules/notifications and define "commercial concern" and "consignment note" to clarify that truck owners and operators need not pay or collect service tax. More

Dhunseri plans to remove Lodhas
THE phenomenon of removing Lodha & Co of Mr Rajendra Singh Lodha as the statutory auditor of some listed companies is extending beyond the ambit of Birla units. The Kolkata-based Dhunseri Group owned by Mr C.K. Dhanuka is considering replacing .. More

ONGC may set up trust for transportation fuels retailing — Plans to lease shipping assets to joint venture co
OIL and Natural Gas Corporation (ONGC) is considering setting up of a trust to operate its retailing operations for transportation fuels. In the trust, ONGC plans to hold 50 per cent, with the rest being held by individuals and company employees. ... More

Forex reserves down $430 m
THE country's forex reserves dipped by $430 million to touch $118.892 billion for the week ended August 20, as per the latest weekly statistical supplement of the Reserve Bank of India. Forex reserves stood at $119.322 billion in the previous ... More

Corporate sponsorship: HSBC identifies education, environment
AS a part of its corporate social responsibility programme, Hongkong & Shanghai Banking Corporation Ltd (HSBC) has identified education and environment as the two sectors for corporate sponsorship. According to Mr Ramnath Krishnan, regional ... More

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