The Hindu : Business News : Saturday, May 22, 2004

Online edition of India's National Newspaper
Saturday, May 22, 2004

Business

News Update

News
Front Page
National
States:
• Tamil Nadu
• Andhra Pradesh
• Karnataka
• Kerala
• New Delhi
• Other States
International
Opinion
Business
Sport
Miscellaneous
• Cartoons

Today's Headlines

Specials
In Focus
Photo Gallery
Events 2003

Features:

Life
Magazine
Literary Review

Metro Plus
Business
Education Plus
Open Page
Book Review
SciTech
Entertainment

Young World

Property Plus
Quest
Folio

Stocks
Quotes
SE Diary

Advts
Classifieds
Employment
Obituary

Archives
Yesterday's Issue
Datewise

Group Sites
The Hindu
Business Line
The Sportstar
Frontline
The Hindu eBooks

Home

Six companies to enter pension sector
NEW DELHI, MAY 21.With twin-objective of fostering competition and ensuring higher returns to senior citizens, the Interim Pension Fund Regulatory and Development Authority (PFRDA) is going to permit six companies to manage long-term savings of ...

Asia Society leadership award for Mukesh Ambani
NEW DELHI, MAY 21.The Chairman of Reliance Industries, Mukesh Ambani, has been awarded the prestigious Asia Society Leadership Award. The award, presented by the Asia Society at a function in Washington on Thursday, is in recognition of his ...

Sundram Fasteners' China facility on stream
CHENNAI, MAY 21.The China venture of the city-based Sundram Fasteners Ltd. (SFL) has gone on stream. The Suresh Krishna-led company is the first TVS group firm to set up a manufacturing base in China. The Chinese factory was inaugurated today ...

FINANCIAL SCENE
Common myths of share market
Abnormal volatility in share prices, so characteristic of the post-elections period, is what would give the stock markets a bad name. Beyond a point it is pointless to read political meanings into share price swings.

Other Stories

Rupee recovers against $

Sensex rebounds after early slide

New tax rules likely for BPO firms

Fuel prices unlikely to be revised

Honest pricing key to Kinetic gameplan

Federal Bank to pay 70 p.c.

KVB net at Rs. 161 cr.

Barometer

Stock Market Index

Bullion rates

Exchange rates

Briefly
Sensex gains 29 points
MUMBAI, MAY 21. The market rebounded from its early low and even posted moderate gains of 29 points at close following a strong turnaround on late buying support from operators coupled with fresh purchases by Indian financial institutions. The ...

RBI to waive ECS charges
MUMBAI, MAY 21. The Reserve Bank of India today said processing charges on electronic clearing system (ECS) and electronic funds transfer (EFT) would be waived from June 1, and banks should pass on this benefit to the customers. "No ECS or EFT ...

Moody's not to revise rating
LONDON, MAY 21. International rating agency Moody's has indicated that it is unlikely to revise India's rating, but prescribed strong measures to curb fiscal deficit for spurring growth during the Congress-led coalition government's ...

Inflation static at 4.2 p.c.
NEW DELHI, MAY 21. In tune with the Reserve Bank of India's expectation of moderate inflation this year, the general price level stood unchanged at the previous week's figure of 4.2 per cent during the week ended May 8 even as prices of atta, ...

Other Stories

Unichem recommends 60 p.c. dividend

Vijaya Bank pact with Nabard

Zoniac India's staffing management solution

Siemens introduces flip phone

HCL Tech solutions for retail trade

ISO 9001:2000 for PL Shipping

FedEx's online tools for customers

Tanishq launches wedding scheme

SMGB to open more branches

Sun Tech Days 2004

Rajnath lauds Monetary and Credit Policy

VIA Networking launches new chip

eGain Corp eyes India as global hub

BOBL branch at Indore