Financial Daily from THE HINDU group of publications
Tuesday, March 19, 2002
Markets (March 18)
BL 2501143.31 (+5.07)
BSE Sensex3613.28 (-4.40)
S&P CNX Nifty1169.30 (-0.45)
Dollar (Buy/Sell)48.67/48.80
Gold Std (10 gm)4860 (-10)

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Free market throws up new equations -- Essar offers to market Reliance petro products
TILL yesterday, the Ruias of Essar avoided the Ambanis of Reliance. Today they are at hand-shaking distance, with Essar Oil, officially writing a letter about three days ago offering to market petroleum products made by Reliance. Both the ... More

Reliance, L&T in race for Petronet pipeline project
THE Reliance group, L&T and the Moscow-based Sun group of Khemkas (as part of a consortium of Russian companies) are in the final race for the EPC contract for Petronet's Central India pipeline project. The three companies which have ... More

Jalan puts growth rate at 6-6.5%
THE Reserve Bank Governor, Dr Bimal Jalan, today said that fiscal 2002-03 should witness a growth rate of 6-6.5 per cent. Dr Jalan was of the view that this year should be better than 2001-02. "There are some positive signs. There has been a ... More

`Real interest rates higher'
MUMBAI: REITERATING his earlier position, the Governor of the Reserve Bank of India, Dr Bimal Jalan, today said that the real interest rate had been on the higher side and the interest rates should soften in the near future. "The interest ... More

Templeton to take over Pioneer ITI
TEMPLETON Asset Management (India) has entered into a memorandum of understanding to acquire 100 per cent stake in Pioneer ITI AMC Ltd, ending months of speculation over one of the most watched deals in the mutual fund industry in recent times. ... More

Exim Policy may keep petrol, diesel in canalisation mode
THE forthcoming Exim Policy is set to continue with the existing system of canalising procurement of petrol and diesel through State trading companies, according to officials. This means that if any corporate, particularly a multinational such ... More

AES seeks nod to hike stake in Orissa Power
THE US-based AES Corporation has sought permission from the Foreign Investment Promotion Board (FIPB) for increasing its holding in Orissa Power Generation Company (OPGC) from 32.75 per cent to 49 per cent. As per the proposal, foreign equity in ... More

Motor insurance set to rise sharply
MOTOR insurance companies are set to raise tariffs by at least 100 per cent over what has been prescribed by the Insurance Regulatory and Development Authority (IRDA) for the next financial year. This is being done in a bid to correct some of ... More

Defence labs offer technology for free
IN a bold initiative, defence laboratories are all set to present their technologies to the industry for possible transfer with a no technology-fee offer. In May this year, a majority of the 52 national laboratories of the Defence Research and ... More

PM hints at tough steps
THE Prime Minister, Mr A.B. Vajpayee, has served notice of unpopular decisions underway to reverse the grim fiscal situation and to achieve a GDP growth rate of eight per cent. The growth rate of 5.4 per cent achieved this year was alright in ... More

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Jalan puts growth rate at 6-6.5%

Free market throws up new equations -- Essar offers to market Reliance petro products

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Mar. 10-Mar. 16
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