Financial Daily from THE HINDU group of publications
Tuesday, February 26, 2002
Markets (Feb. 25)
BL 2501121.19 (-1.43)
BSE Sensex3613.51 (+9.43)
S&P CNX Nifty1165.45 (+1.95)
Dollar (Buy/Sell)48.77/48.90
Gold Std (10 gm)4900 (+10)

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Dumping duty likely on acid from China
THE Designated Authority in the Ministry of Commerce and Industry has recommended imposition of provisional anti-dumping duty on imports of hydrofluoric acid from China. In its preliminary findings, the authority has recommended that ... More


Channels plan B-Day gimmicks
OPINION polls, a visit to Hazaribagh, panel discussion with experts are just a few tricks television channels plan to pull out to attract more viewership on Budget day. For business news channel - CNBC India - Budget is the big day. The ... More

Speech enthuses shipping industry
The President, Mr K.R. Narayanan's speech to Parliament on Monday has given the domestic shipping industry cause for cheer. During the course of his speech, which is often seen as a precursor of things to come, the President said: "The ... More

`Budget speeches need not be taken at face value'
Budget speeches are written for particular audiences. They package messages in particular ways. They elaborate on some issues but are silent on others. In short, they reveal as well as hide. More

Sinha to address CII council
THE Finance Minister, Mr Yashwant Sinha, is to address members of the National Council of the Confederation of Indian Industry (CII) on the proposals of the Union Budget 2002-03 here on March 4. In a statement, the chamber has said that the ... More

Combing operations


Budget 2002-03: Demand-side policies make sense
IT IS neither surprising nor disappointing that tax exemptions to firms with operations in industrially-backward locales have failed to stimulate economic growth in those areas. It is not a surprise because economic growth is driven continually ... More

Tough agenda for Finance Minister
IN THE run-up to Budget 2002-03 to be presented by the Finance Minister, Mr Yashwant Sinha, the ruling National Democratic Alliance (NDA), led by the BJP, seems to have suddenly woken up to fulfil a few of its Budget promises made last year. ... More

Put reforms on the fast track: Narayanan
THE President, Mr K.R. Narayanan, today underlined the need to "accelerate a host of reforms to enable the economy to reach a trajectory growth of 8 per cent and above, even as the advance estimates for the current year revealed a pick-up in ... More

Mr Sinha's challenge is in mustering consensus
THE NATION, and the media have caught the Budget fever. The various Budget previews seem to suggest that the solution to all the ills of the economy is in the Finance Minister, Mr Yashwant Sinha's briefcase. While the average wage earner is ... More

`European integration a beginning'
THE economic and monetary union of Europe is by no means a process at its end as "it is a continuous and evolving process which by its own dynamics aims at more and more integration," according to Mr Pierre Achard, economist and financial expert ... More


New Bangalore co to deal with healthcare litigations
A LAW firm catering exclusively to the healthcare sector has been launched by two professionals to provide legal services to hospitals, nursing homes, pharmaceutical industry and public. The new venture called Pegasus Health Law Consultant will ... More


UP to take time to get a `hung' of it
WITH counting in two seats being suspended on account of suspected irregularities, the Samajwadi Party has consolidated its position in the 403-member Uttar Pradesh Assembly, registering a tally of 143 seats. With allies contributing another ... More


Despite shortcomings in legal procedure -- Karnataka rushing to execute three jv power projects
The projects being proposed are the 500 MW Bellary Thermal Power (formerly the Vijaynagar Thermal Power Project), 500 MW expansion project of the Jindal Thermal Power Company Ltd (JTPCL) and the 290 MW Almatti Power Project. Sources said that none o f these projects had so far obtained techno economic clearance from the Central Electricity Authority. More

Prabhu stresses need to conserve energy
THE Minister for Power, Mr Suresh Prabhu, has said that there is an urgent need to take up major programmes for conserving energy to meet the country's growing demand for electricity. Speaking at the launching of the Indian Industry Programme ... More


Ahead of time


CII signs MoU with Osmania varsity
THE Confederation of Indian Industry (CII), and the Department of Business Management, Osmania University, have signed a memorandum of understanding (MoU) aimed at introducing a master's programme and a post graduate diploma, which blend ... More


Mitsui pulls out of race for SCI stake
THE Japan-based Mitsui O.S.K. Lines, a strong contender for acquiring a controlling stake in Shipping Corporation of India (SCI), has withdrawn its expression of interest (EoI) in a move that has surprised the Government and the ... More

Jessop aspirant has big plans for turnaround
MR Pawan Kumar Ruia, Chairman of the Rs 300-crore Ruia group, who is likely to buy Jessop & Co Ltd, is, among other things, the promoter of the merchant banking company, Sterling Investment Ltd, which was involved in the 1992 share scam. ... More

BBUNL group cos to be divested by March next
The disinvestment of BBUNL companies was kicked off with Lagan Jute Machinery, a small profit-making company manufacturing equipment for the jute industry, which was taken over by Ratanlal Exports Ltd. More


DCA seeks details about Hutchison equity pattern
The department's attention has been drawn to the fact that despite sticking to the 49 per cent FDI cap in telecom, the Hong Kong-based company has managed to acquire management control indirectly through a "complex financial engineering exercise''. More


Recovery signals mixed: NCAER
THE National Council of Applied Economic Research (NCAER) has said that the available leading indicators do not point to an imminent recovery in economic activity in the current fiscal as the signals are "mixed'' even as the advance estimates of ... More
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Top Stories
Oilseed, vegoil sectors anxious about Budget

FMCG cos exercised over excise duties

Mitsui pulls out of race for SCI stake

Is market headed for correction?

New telecom rules may hit NLD operators

Farmer group set to take SBI Life cover

Tough agenda for Finance Minister

DCA seeks details about Hutchison equity pattern

Put reforms on the fast track: Narayanan

In Depth
Inside Kashmir
Guide to derivatives
Looking back
Feb. 17-Feb. 23
`Debt obligations may eat up 85 pc of India's GDP'

Kochi Refineries' SBM plan may leave port in dire straits

NTPC, Rlys sign pact on power plants

Slide in petro consumption slows

Global majors join race for SCI; 12 EoIs received

PMO okays 26 pc FDI in periodicals -- Dailies spared; 100% in advt proposed

Pranab prescribes spending spree to spur demand

Karnataka: Troubling labour equations

State guarantees not final word: RBI

Cabinet clears big-ticket labour reforms

Watch out when you buy that Crocin!

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