Financial Daily from THE HINDU group of publications
Friday, May 31, 2002
Markets (May 30)
BL 2501090.40 (-8.72)
BSE Sensex3135.89 (-24.35)
S&P CNX Nifty1032.15 (-9.50)
Dollar (Buy/Sell)48.96/49.08
Gold Std (10 gm)5385 (-15)

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Fiscal deficit set to end closer to 6 pc -- Rs 10,000-cr revenue shortfall seen
THE Centre has failed to meet its fiscal deficit target of 5.7 per cent of the gross domestic product during 2001-02. The fiscal deficit is set to widen and end closer to 6 per cent of the GDP due to the massive shortfall in tax revenues ... More

Maruti will remain Indian: Suzuki
WHEN Mr Osamu Suzuki, Chairman and Chief Executive Officer of Japan's Suzuki Motor Corp, first came to India in 1982, he found empty roads and no traffic jams. His sharp business acumen spotted a market that could be tapped and the massive risk ... More

Tata Steel net dips 63%
TATA Iron and Steel Company Ltd (Tata Steel) on Thursday reported a 62.97 per cent decline in net profit to Rs 204.90 crore for the year ended March 31, 2002, as against the previous corresponding Rs 553.44 crore. The company's net sales/income ... More

Reckitt Benckiser, Toyota FDI proposals cleared
RECKITT Benckiser Plc's proposal to buy out the 49 per cent stake held by Indian shareholders in Reckitt Benckiser India Ltd and convert it into a wholly-owned subsidiary involving foreign direct investment (FDI) worth Rs 403.19 crore was among ... More

Software exporters allowed to pick up stake in start-ups
INDIAN software exporters have been permitted to pick up equity up to 25 per cent of their value of exports in overseas start-up companies facing liquidity constraints. The Reserve Bank of India said on Thursday that the move was aimed at ... More

Software cos geared for war scenario
SOFTWARE companies are all ready with business continuity plans even if war does break out, including shifting people and data onsite should the need arise. In fact, ever since September11, customers have been insisting on back-up ... More

How Leyland finds those drivers at the top
ASKED by the then Managing Director of Ashok Leyland, Mr R.J. Hancock, in an interview for a job in 1976, on where he expected to reach in his career in Leyland, Mr R. Seshasayee had replied, "Eventually, to your position!" A cocky answer, ... More

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Maruti will remain Indian: Suzuki

Fiscal deficit set to end closer to 6 pc -- Rs 10,000-cr revenue shortfall seen

Sharp rise in domestic prices -- Tyre makers seen importing rubber

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Looking back
May. 19-May. 25
Forex reserves up $92 m at $55.71 b

Reliance bags IPCL for Rs 1,491 cr -- Quotes Rs 231 per share for 26 pc stake

Salaried employees can perk up: Easier norms likely for cars, cards, club expenses

It's a roller-coaster ride -- Steel gains 20% in M-cap; entertainment loses 15 pc

RBI bans physical deals with brokers

HLL tags special dividend to bonus debenture -- Scheme modified to address income-tax problem

Sensex down 96 points; gold zooms to new high

ITC net up 18 pc at Rs 1,190 cr -- To pay dividend of 135 pc

IOC to divest stake in ONGC, GAIL -- Over Rs 2,500-cr gain seen

Gold at new high on global rally

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