The Hindu Business Line : Friday, April 08, 2005

Bond yields rise on panic selling — Inching up to touch 7 pc on benchmark paper
BOND yields are inching towards the psychological barrier of 7 per cent amid panic selling in the domestic debt market. The yield on the ten-year benchmark Government paper, the 7.38 per cent 2015, on Thursday touched a high of 6.99 per cent ... More

SEBI puts gold funds plan on hold for now
ALTHOUGH the Finance Minister proposed the introduction of Gold Exchange Traded Funds in February, investors would have to wait a while before they are allowed to invest in these, as the Securities and Exchange Board of India appears to be in no ... More

PM sets up 10-member GoM on investments
THE Prime Minister, Dr Manmohan Singh, has set up a 10-member Group of Ministers (GoM) headed by the Finance Minister, Mr P. Chidambaram, for an alternative decision making process on investments, particularly public investments. Highly-placed ... More

Western Union seeks nod to enter domestic money transfer market
WESTERN Union Financial Services plans to enter the domestic money transfer market in India, Ms Christina Gold, President of the company, today said. The US-based money transfer company has approached the RBI and the FIPB for permission to ... More

Areva to acquire 66 pc in Alstom's Indian unit
FRENCH energy major Areva SA plans to spend as much as Rs 80.6 crore to acquire a 66.35-per cent stake in Alstom Ltd, Alstom Holdings SA's Indian unit. Areva will also make an offer worth Rs 59.8 crore to the shareholders of Alstom Ltd to buy ... More