Financial Daily from THE HINDU group of publications
Thursday, February 07, 2002
Markets (Feb. 6)
BL 2501073.03 (+54.27)
BSE Sensex3427.39 (+115.66)
S&P CNX Nifty1113.10 (+38.85)
Dollar (Buy/Sell)48.65/48.78
Gold Std (10gm)4890 (+30)

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PSU stocks take market on joy trip
AFTER a long time the stock market witnessed a bull run led by PSU shares today. The upturn was fuelled by the Government's decision to divest its stake in IBP, VSNL and plans to dilute stake in HPCL and BPCL by July. Apart from PSU stocks, ... More

Lazard-SBI Caps to be advisor for SCI sell-off
THE Union Government has flagged off the process of divesting 51 per cent of its stake in Shipping Corporation of India (SCI) by appointing Lazard Capital-SBI Caps consortium as global advisor for the deal. "Lazard Capital-SBI Caps consortium ... More

Agreement with VSNL -- Bharti bid to make ISD rates cheaper
SOON after bringing about a sharp downward revision in STD rates, Bharti Telesonic Ltd. (BTSOL) is once again taking the lead in offering its subscribers more affordable ISD rates. According to industry sources, the national long-distance (NLD) ... More

Dresdner gives up FIPB approval
THE Indian stock broking arm of the global investment bank, Dresdner Kleinwort Wasserstein, has surrendered its FIPB approval after its decision to close down its business last year. This marks perhaps the first instance of an overseas company ... More

Chubb Group to take over Tesa Entry arm
UK-BASED Chubb Group, one of the major players in the international security systems market, will take over Tesa Entry Systems Inc's wholly-owned Indian subsidiary engaged in electronic security business. The move is expected to throw up stiff ... More

It's an auction all right ... in reverse
IMAGINE being able to cut down your expenses by a whopping Rs 10 lakh a year simply by tweaking the way you buy. That's just what food and grocery retailer FoodWorld found out when it opted to tread the `reverse auction' path in December ... More

Naidu gets a taste of US security
THE Andhra Pradesh Chief Minister, Mr. N. Chandrababu Naidu, had a taste of the tight security in US airports on Tuesday morning when he was thoroughly frisked and asked to remove his shoes at the Raleigh-Durham airport in North Carolina. The ... More

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Praxis New!

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PSU stocks take market on joy trip

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