Financial Daily from THE HINDU group of publications
Tuesday, June 04, 2002
Markets (June 3)
BL 2501099.88 (+14.41)
BSE Sensex3161.09 (+35.36)
S&P CNX Nifty1039.75 (+10.95)
Dollar (Buy/Sell)49.00/49.13
Gold Std (10 gm)5400 (-35)

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Govt hikes petrol, diesel prices; cuts excise duty
THE Government today raised the price of petrol by around Rs 2.50 per litre and that of diesel by Rs 1.50. The hike is effective from midnight today. It has simultaneously cut the excise duty on petrol and diesel by 2 per cent. Oil marketing ... More

Rampant under-reporting of income suspected -- Non-salaried class comes under I-T Dept scrutiny
THE Finance Ministry has decided to zero in on non-salaried tax payers — individuals and HUFs to check rampant under-reporting of income by this segment, to bolster revenues. The revenue department's analysis on the profile of income-tax ... More

Bharti mobile businesses come under single unit
BHARTI TeleVentures Ltd has announced the amalgamation of its cellular mobile businesses under a single subsidiary - Bharti Cellular Ltd (BCL) - subject to all legal and regulatory approvals. This was decided by the board of directors of the ... More

Repeal of UTI Act in monsoon session -- Govt to share UTI burden on assured returns schemes
The support of the Government again to UTI was finally considered to be the best solution in the larger interests of lakhs of unitholders and investors, according to officials. This may also be palatable politically. More

War clouds spread gloom over tourism sector
AS India and Pakistan indulge in threats and counter-threats, loose talk on exercising the nuclear option continues and the armies on both sides of the border remain on high alert, one of the casualties is the travel and tourism business. There ... More

Tatas to accept ADSs of VSNL
THE Tatas will be accepting 93,73,982 American depository shares of VSNL tendered under the open offer for 20 per cent stake in the telecom company. Of the valid tenders received, the number of ADSs validly tendered was 1,34,23,601, ... More

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