THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Wednesday, August 22, 2001

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Page One

Banks to fund farm land buys
FARMERS can now get bank loans to purchase land for agricultural purposes.

Privilege motion against Sinha on UTI issue
HARDLY a week after the Finance Minister managed to fend off criticism on the UTI affair in Parliament, Mr Sinha has to now brace himself to face another onslaught -- this time in the form of a privilege motion for misleading the Rajya Sabha on the UTI i ssue.

Basmati battle won, not lost
PARLIAMENT today was rocked over newspaper reports of India `losing the basmati battle', with the United States Patents and Trademarks Office (USPTO) apparently `upholding' the Texas-based rice breeder, RiceTec Inc's controversial patent on `superior' st rains of basmati rice.

Punters take fancy to second-rung media stocks
AFTER witnessing spectacular volumes in Balaji Telefilms and Mukta Arts, punters seem to have now shifted attention to some of the second-rung media stocks like Crest Communications, Tips Industries and Creative Eye.

 Western Union sees big bucks in India
``THIS is for my children. I want to come back with them in October. There is a lot to see in India. And I see a great potential for my company in this country,'' said Mr William Thomas as he picked up two volumes on India from the Oberoi book stall.

Book your sentiments in advance
HAVE you ever wanted to send a greeting card but never got around to actually doing the deed? If the answer is a grudging yes, relax -- you're keeping company to a teeming lot.

ANZ, Emerson among 29 FDI bids cleared
THE Foreign Investment Promotion Board (FIPB) has cleared Australia New Zealand Banking Group's (ANZ Bank) proposal for setting up a merchant banking subsidiary and a joint venture proposal by Emerson Electric (Mauritius) involving a combined investment of Rs 100 crore.


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