Financial Daily from THE HINDU group of publications
Tuesday, May 14, 2002
Markets (May 13)
BL 2501169.57 (+2.75)
BSE Sensex3442.49 (+11.17)
S&P CNX Nifty1119.65 (+3.25)
Dollar (Buy/Sell)48.98/49.11
Gold Std (10 gm)5185 (+25)

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Flex Industries imbroglio -- Opposition MPs bay for Sinha's blood
THE Finance Minister, Mr Yashwant Sinha, is under pressure again with the Opposition parties seeking his exit from the Ministry following reports that Flex Industries - now facing a CBI probe - had allegedly printed and supplied material ... More

Urban co-op banks flouting norms on board constitution
MOST urban co-operative banks (UCBs) are not following the RBI directive of having at least two professionals on boards of banks, according to Reserve Bank of India officials. After the Madhavpura scam a year ago, the RBI had directed all UCBs ... More

Varun becomes Sterlite's `advisor' -- Finolex, two others drop out of SCI race
THE Finolex group, French container line CMA-CGM and the Hong Kong-based Orient Overseas Container Line Ltd (OOCLL) have dropped out of the bidding process of Shipping Corporation of India (SCI). However, Varun Shipping Company Ltd has started ... More

Gond used wife's cos to launder kickbacks
MR Arun K. Gond, former Commissioner of Seamen's Provident Fund (SPF), used two companies registered in the name of his wife allegedly to launder kickbacks received from brokers. Investigative agency sources believe Mr Sanjay Agarwal of Home ... More

I-T benefit denied to BSNL, MTNL
THE Ministry of Finance has refused to grant infrastructure status to telecom majors Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), which would enable them to seek exemptions under Section 80IA of the Income-Tax ... More

Nocil likely to wind up unit on debt problems
BHARAT Petroleum Corporation Ltd (BPCL) has asked troubled petrochemical firm Nocil to settle its dues of over Rs 100 crore before closing down its unit. Nocil, unable to find a suitor, is finally thinking of shutting down its petrochemicals ... More

President's nod for Finance Bill
THE President, Mr K.R. Narayanan, has given his assent to the Finance Bill 2002 which was passed by Parliament last week. The assent to the Bill paves the way for incorporating all the taxation proposals - including the official amendments - ... More

Kinley to flow into 200-ml cups, at 3 bucks
COCA-COLA India is set to introduce Kinley, its bottled water brand, in 200-ml cups this season. The cups will be priced at Rs 3 each. "We intend to introduce Kinley in cups this season, beginning with Chennai and Gujarat. Subsequently, we ... More

Milk next from Coke?
NEW DELHI: COCA-COLA India could consider introducing branded milk in the Indian market two years later. "Given the company's vision of being a leading beverage company, we could bring branded milk in India from our international portfolio. ... More

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Top Stories
Gond used wife's cos to launder kickbacks

RBI rules out change in G-sec trading norms

RBI rapped for secrecy over wilful defaulters' list

I-T benefit denied to BSNL, MTNL

Flex Industries imbroglio -- Opposition MPs bay for Sinha's blood

Playing catch with China

In Depth
Inside Kashmir
Guide to derivatives
Looking back
May. 5-May. 11
Forex reserves rise $243 m

Can Ranil convert the `feel-good factor' into economic benefit?

Govt still undecided on separate regulator for urban co-op banks

Board-level appointments -- DCA to tighten norms for relatives of directors

Software cos see quarter-on-quarter net decline

DTH entry rules not to be relaxed for now

Do fresh jobs mean IT sector is seeing first signs of recovery?

Maharashtra probing all co-operative banks

IRDA clears plan for motor insurance hike

2 more co-op banks to be superseded

India Inc views long term with greater optimism

Agri exports post 36.5% growth

Top 15 account for Rs 53,760 cr -- Investments in 62 projects shelved

Industry sees recovery in 6 months: Survey

Cheap rates come calling on Net -- US, Europe turn economical destinations

Cellular subscriber base crosses 6.7 m -- Bharti accounts for 14 lakh

For making good shortfall in assured schemes -- Development fund is guarantor, UTI told

Debtor days: A few cos have a grip

DSE records zero turnover

Industrial growth falls to nine-year-low of 2.7 pc

Commissioner of seamen PF to go -- DG Shipping lodges plaint with CBI

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