NATIONAL CCD clears sale of 10% stake in ONGC & Gail
New Delhi: Faced with prospects of a big shortfall in meeting its disinvestment targets, Government today (Dec 23, 2003) decided to sell its 10 per cent stake in India's largest profit making firm Oil and Natural Gas Corporation (ONGC) and gas transmission monopoly Gail (India) Ltd.
Union Bank of India hikes housing loan rates
Mumbai: Contrary to the current trend of declining home loan rates, Union Bank of India has hiked interest rates for fresh home loans by 0.50 per cent across all maturities of fixed and floating rate options, effective January 1, 2004
'Full convertibility not under consideration'
New Delhi: Finance Minister Jaswant Singh today (Dec 23, 2003) ruled out full convertibility on capital account in the country till the fiscal deficit and inflation are fully reined in.
BSE: Sensex breaks 5,600-mark during trading
Mumbai: The Sensex cut short three-session upward march and ended down by 14 points after breaching the 5,600-mark during the trading on the Bombay Stock Exchange (BSE) today (Dec 23, 2003) due to squaring up by operators as well as profit-booking by domestic institutions.
