The Hindu Business Line : Friday, May 06, 2005

Pvt bank stocks buoyant as cap on voting rights goes
AFTER weeks of sluggishness, banking stocks rode a smart rally today as the markets welcomed the announcement of banking reforms. Even before the real impact of these announcements could be analysed, positive sentiment enveloped the markets - ... More

Dividend pay-out raised to 40 pc — BI sets tough norms
The proposed dividend should be payable out of the current year's profit. More

Left parties oppose lifting of voting rights cap
THE Left parties are all set to oppose the proposed Bill to lift the 10 per cent voting rights cap in private banks. "The move is not in the interest of the economy. We will oppose it in Parliament," senior CPI Leader Mr D. Raja said. He ... More

A space odyssey to help urban, rural planners
PLANNERS will have high quality data to help them manage natural resources and plan urban and rural development with the launch of Indian Space Research Organisation's (ISRO) CARTOSAT-I, a remote sensing satellite with superior imaging ... More

Basell acquisition — HPL still undecided on joining Chatterjee-led consortium
HALDIA Petrochemicals Ltd (HPL) has not yet decided whether it should join hands with the global consortium led by The Chatterjee Group (TCG) to acquire the assets of the $8.4-billion Basell NV, the joint venture between Royal Dutch/Shell Group ... More

We will review transaction tax if it fails, says Chidambaram
THE Finance Minister, Mr P. Chidambaram, today said that he was open to reconsidering the Banking Cash Transaction Tax (BCTT) if it failed to achieve the objective of creating a tax-trail on black money transactions through the banking ... More

ONGC reports 3 oil, gas finds on west coast, KG Basin
ONGC has reported three oil and gas finds — one in shallow-waters on the West Coast and two in the deep-waters in Krishna Godavari (KG) basin on the East Coast. ONGC is the 100 per cent operator of this block since it was with it prior ... More

Banking, pharma stocks score gains
MARKETS opened with a bang on Thursday, for most part of the day the bulls prevailed. The bullish undertone was evident in the advances-declines ratio, which stood at 2:1. The Cabinet's proposal to lift the restriction on voting rights, to ... More