The Hindu Business Line : Saturday, June 04, 2005

No dilution of Govt stake below 51% in PSBs
PUBLIC sector banks in which the Government's stake is pegged at a little over 51 per cent, will not be allowed to go in for further public issues to raise capital, the Finance Minister, Mr P. Chidambaram, said here on Friday. "There would be ... More

Saurashtra Chemicals: Arcil's sale bid hits roadblock
RECOVERY of funds through sale of non-performing assets has become a problem for institutional lenders even after setting up an asset reconstruction company. Among the latest instances is the Asset Reconstruction Company (India) Ltd's (Arcil) ... More

IPO: Air India to hire advisor this month
AIR India is planning to hire an advisor for its proposed initial public offering this month. "We should hire an advisor by the end of this month. We hope to enter the capital market by the end of the year,'' said Mr V. Thulasidas, Chairman and ... More

Sensex gains 93 points on value buying
STRONG buying led by institutional investors helped the bourses recover significantly after Thursday's downslide. Value buying, especially in IT scrips and fresh speculation that the Ambani brothers are close to a resolution to their ownership ... More

Maharashtra plans `carbon' tax
THE Forest Ministry of Maharashtra is considering the introduction of a tax on vehicles and industrial units, based on their carbon emissions. The money collected, thus, would be used for implementing afforestation projects in the State. ... More

Cheaper fuel, food prices ease inflation
THE annual wholesale price index-based inflation went up 5.38 per cent in the 12 months to May 21, lower than the previous week's 5.55 per cent. The drop in the year-on-year inflation was largely on account of last year's high base and an overall ... More

TV content set to FLO(w) on to mobile handsets
HOW would you like to get your favourite TV channels streaming on your mobile handsets real time? Imagine seeing your favourite serial even as you drive home from office. In a bid to make this a reality, US-based Qualcomm is planning to launch ... More

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