Financial Daily from THE HINDU group of publications
Wednesday, March 20, 2002
Markets (March 19)
BL 2501127.10 (-16.21)
BSE Sensex3560.32 (-52.96)
S&P CNX Nifty1152.15 (-17.15)
Dollar (Buy/Sell)48.69/48.82
Gold Std (10 gm)4900 (+40)

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PDS grain prices to be cut further
The issue prices were last revised on July 12, 2001, with APL rates being reduced from Rs 1,130 per quintal to Rs 830 for rice and from Rs 830 per quintal to Rs 610 per quintal for wheat. More

FII investment in pvt banks outside 49 pc FDI limit
THE Minister of State for Finance, Mr Balasaheb Vikhe Patil, told the Rajya Sabha on Tuesday that the portfolio investment by foreign institutional investors (FIIs) in the private sector banks would be outside the foreign direct investment (FDI) ... More

Mobile prices slashed
MOBILE handset manufacturers Nokia, Motorola, Samsung, Alcatel, Mitsubishi, Siemens, Sony Ericsson, Philips and Panasonic have slashed prices by between 6.6 per cent and 47 per cent. Passing on the benefits of the abolition of 16 per cent ... More

AI gets a good deal on risk premium payout
DESPITE a close to 50 per cent increase in its annual insurance payment around $13 million for fiscal 2002-03, Air India has managed to get a much sharper rate than those negotiated by other aviation and insurance companies across the ... More

More sops for domestic area suppliers likely
THE Finance Ministry is set to extend more sops, including tax breaks to suppliers sending goods from the domestic tariff area (DTA) to the special economic zone (SEZ) in the forthcoming Exim Policy. According to official sources, the Finance ... More

Diesel consumption takes a dip in Feb
PETROLEUM products consumption has shown a 0.7 per cent decline in the April-February period, with diesel, considered the indicator of economic health, reporting a negative growth of 3.5 per cent during the last eleven months. In February, ... More

Here's a surprise: Pay sites are paying off!
IT was perhaps their biggest gamble for survival, but the few dotcoms in India that dared to become paid sites say their strategy is starting to pay off. When online ad revenues failed to grow, three free sites - a news portal, an e-mail and ... More

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Top Stories
`Gold can become reliable investment gizmo'

Consolidation among MFs: Time to tread cautiously

Designs to make people work better

Mobile prices slashed

Here's a surprise: Pay sites are paying off!

`Inequity' in urea subsidy claims set right

PDS grain prices to be cut further

In Depth
Inside Kashmir
Guide to derivatives
Looking back
Mar. 10-Mar. 16
Run on AP co-op bank

Kerala employees withdraw strike

Dividend tax stays: Sinha

Foreign cos face tough action on tax defaults -- Assets abroad targeted for recovery of dues

IOC monopoly over import ends -- BPCL makes first spot crude buy

Industrial drag persists in Jan

ONGC rider on gas supply puts IPCL sale in a limbo

Interest cut on I-T refunds

Govt rethink on powers to hike excise rates

Govt retirement schemes for pvt sector employees?

Markets shrug it off -- Keep eye on March 15

Phone rentals hiked for commercial subscribers

Net telephony from April 1

Tribunal dismisses cell operators' plea -- Limited mobility cleared for fixed line service provider

No hurry to cut Bank Rate: Jalan

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