Financial Daily from THE HINDU group of publications
Wednesday, May 15, 2002
Markets (May 14)
BL 2501166.64 (-2.93)
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Dollar (Buy/Sell)48.95/49.03
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Suzuki to take wheel at Maruti: Rights issue at Rs 3,280 a share
IN a landmark decision, the Centre today decided to hand over management control in Maruti Udyog Ltd (MUL) to Suzuki Motor Corporation (SMC) for a consideration of Rs 1,000 crore. SMC would acquire controlling stake in the country's leading ... More

Tata's open offer for VSNL oversubscribed
THE Tata group's open offer for an additional 20 per cent stake in Videsh Sanchar Nigam Ltd (VSNL) has been oversubscribed more than 1.5 times. The group will now have a 45 per cent stake in VSNL, having earlier bought a 25 per cent stake from ... More

HDFC net up 22.5 pc; to pay Rs 25 dividend
HOUSING Development Finance Corporation Ltd (HDFC) today reported a 22.5 per cent rise in profit after tax to Rs 580.01 crore for 2001-2002, as against the Rs 473.65 crore of the previous year. Its board has recommended a dividend of Rs 25 per ... More

CBI arrests Ketan Sheth
THE Central Bureau of Investigation (CBI) today arrested Mr Ketan Sheth, promoter of Gilt Edge Securities, in connection with the Government securities scam. Investigative agency sources said Mr Sheth surrendered to the CBI's Banking, ... More

Audit of all exempted PFs ordered
THE Central Provident Fund Commissioner has ordered an immediate audit of all the 2,500 exempted provident funds under its jurisdiction. The audit report will be submitted within a fortnight. Mr Ajay Singh, Central Provident Fund Commissioner, ... More

Humour is what tickles the kids
HERE'S something to make you sit up and take note. It's not the heroics of Superman or GI Joe, but good old humour that works best when it comes to advertising targeted at children. This is among the key findings of New Generations 2001, ... More

Major power failure in Tamil Nadu
THE northern districts of Tamil Nadu, including Chennai, experienced a major power failure Tuesday evening. When contacted, Tamil Nadu Electricity Board officials said the reasons for the failure were being studied by the Southern Regional ... More

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Top Stories
Registry for high-value financial deals proposed

LTTE accepting reality of united Sri Lanka — Mr Jehan Perera

Plans to promote basmati: Exporters plan global campaign in July

Suzuki to take wheel at Maruti: Rights issue at Rs 3,280 a share

Tata's open offer for VSNL oversubscribed

Rural foray deals blow to BSNL's revenue per user

Overseas investment will boost MFs: Report

HDFC net up 22.5 pc; to pay Rs 25 dividend

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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