Financial Daily from THE HINDU group of publications
Wednesday, January 09, 2002
Markets (Jan. 8)
BL 2501015.46 (+6.32)
BSE Sensex3437.78 (+35.98)
S&P CNX Nifty1109.90 (+9.75)
Dollar (Buy/Sell)48.22/48.35
Gold Std(10gm)4640 (-20)

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India Inc wants customs tariff levels to stay
INDIA Inc has made out a case to the Government to maintain status quo on the customs tariff levels for the next one year and to go easy on bringing down the tariff walls in the Budget. Captains of Indian industry also sought reduction of ... More

Ordinance to give Govt blank cheque on excise -- Cap on commodities to go
THE Cabinet today authorised the Finance Ministry to fix any rate of excise duty on commodities under emergency powers, scrapping the existing provisions that limited hikes to a maximum of 100 per cent. Accordingly, the Cabinet has decided to ... More

Cos can have foreign currency a/c abroad
INDIAN companies and firms can now open, hold and maintain with a bank outside India, a foreign currency account, by making remittances from India for the purpose of normal business operations of the office/branch set up outside India or ... More

Trim deficit for positive outlook: Moody's
MOODY'S Investors Service has expressed concern over the inability of the Government to rein in the huge public sector deficit, which, it said in a report on Tuesday, explains the negative outlook on the Government's Ba2 domestic debt ... More

HLL makes 2nd open offer for Rossell stake
HINDUSTAN Lever Ltd (HLL) has made another open offer through Lipton India Exports Ltd to acquire the remaining 4.11 per cent stake in Rossell Industries comprising 4.16 lakh equity shares at a price of Rs 120 per share. This is the second open ... More

KPC offers Rs 3.60 for Birla stake in MRPL
KUWAIT Petroleum Corporation (KPC) has offered a price of close to Rs 3.60 per share for the AV Birla group's 37.5 per cent stake in Mangalore Refineries and Petrochemicals Ltd (MRPL), according to sources familiar with the talks. This is a ... More

KBC takes a break as fatigue sets in
First Jeeto Chappar Phaad Ke (JPCK) went off the air, after Wednesday Star Plus' immensely popular Kaun Banega Crorepati (KBC) will take a break and another hugely splashed telephone contest - Dial a Crore - has also wound ... More

ModiCorp, BPL bid for VSNL rejected
THE Government has rejected the offers of ModiCorp and BPL to buy its 25 per cent stake and become a strategic partner in Videsh Sanchar Nigam Ltd (VSNL) due to their late approach. ... More

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Cos can have foreign currency a/c abroad

In Depth
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