Financial Daily from THE HINDU group of publications
Friday, January 04, 2002
Markets (Jan. 3)
BL 250983.66 (+11.06)
BSE Sensex3308.02 (+38.86)
S&P CNX Nifty1072.25 (+11.50)
Dollar (Buy/Sell)48.21/48.34
Gold Std(10gm)4630

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TCS gets Rs 200-cr order from United Utilities
TATA Consultancy Services (TCS) has signed an agreement for over Rs 200 crore (30 million pounds) order with United Utilities Plc of UK for delivery of IT services. The agreement is for three years running through till March 31, 2005 with an ... More

Multilateral agencies to be roped in -- Asset reconstruction co equity to private sector
The ARC Committee, in its report submitted to the Government in late November, had said that the equity capital should be split between nearly 31 identified PSU banks and FIs, all of whom would be required to contribute a minimum of Rs 5 crore. More

B.K. Modi steps down from ModiCorp board
DR BHUPENDRA Kumar Modi, Chairman and CEO of ModiCorp, today announced that he had stepped down from the board of ModiCorp and would not be involved in the day-to-day management of the company. ModiCorp is a management holding company that ... More

US-64 repurchase at Rs 8.59 crore
MUMBAI: Unit Trust of India repurchased units of US-64 worth Rs 8.59 crore on Thursday. Fresh sales at the net asset value of Rs 6.05 were at Rs 43 lakh. Out of the total repurchase, Rs 8.27 crore were under the special scheme and Rs ... More

Head hunt on for three oil PSUs' top slot
THE three public oil sector oil majors— Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Indian Oil Corporation - will witness a change of guard in the next three to six months. The CMDs of all the three PSUs are retiring ... More

Failure to fulfil rural telephony obligations -- Mahajan pulls up pvt
THE Union Communications Minister, Mr Pramod Mahajan, has pulled up the private basic operators for failing to fulfil their rural telephony obligations and sought a detailed roll-out plan regarding their coverage of the pending 60,000 villages ... More

Public insurers may raise agency commission
THE public sector general insurance companies are expected to increase the agency commissions over and above the self-imposed ceiling of five per cent. Sources here said the move was being adopted since all the private sector companies were ... More

Amby on new driveway
THE Ambassador car, from the Hindustan Motors stable, is all set to make a strong comeback in the market. The car will soon be relaunched with a slew of marketing and promotional activities designed by Equus Advertising. According to Mr Suhel ... More

Brand royalty payment formula
THE Government has announced the formula that would be adopted for calculation of royalty for use of trademark and brand names. An official release from the Department of Industrial Policy and Promotion (DIPP) said that, ``royalty on brand ... More

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Multilateral agencies to be roped in -- Asset reconstruction co equity to private sector

In Depth
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