Financial Daily from THE HINDU group of publications
Thursday, June 20, 2002
Markets (June 19)
BL 2501132.81 (-13.25)
BSE Sensex3242.26 (-42.28)
S&P CNX Nifty1062.90 (-12.05)
Dollar (Buy/Sell)48.87/49.00
Gold Std (10 gm)5280 (+50)

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Pick-up in non-food credit — Economy on revival path?
IS the economy at long last crawling out of a four-year-old depression? None is sure least of all bankers though some admit to a crisp pick-up in non-food credit in the first two months of the current financial year. Blessed with long memories, ... More

Indian Bank allowed to unfreeze arrear payments
AFTER the turnaround, it is now time for rewards for the 22,000-odd staff of Indian Bank with the Government clearing the proposal put forward by the bank's management for unfreezing the payment of arrears. The Ministry of Finance has given a ... More

SEBI files writ against Sterlite
FACED with several complaints from investors, the Securities and Exchange Board of India (SEBI) on Wednesday filed a writ petition against Sterlite Industries (India) Ltd in the Bombay High Court seeking a stay on the company's scheme to purchase ... More

I'll tell you what to do, is Wipro's new credo
WIPRO Technologies is teaching its employees new lines to say. The programmer's "Tell me what to do" approach is giving way to the consultant's "I'll tell you what to do", in keeping with the company's professed ambition of competing with the ... More

McDonald's India to double investments — Plans outlets on highways, railway stations
Investments in McDonald's India Pvt Ltd (MIPL), the wholly-owned subsidiary of US-based fast food giant McDonald's Corporation, are expected to be doubled, from Rs 400 crore which have already been pumped in, to Rs 800 crore by 2005. Speaking ... More

SCI net dips 82 pc in 4th quarter
LOWER freight earnings, coupled with `adjustments made to clean up the balance sheet' ahead of privatisation, pushed down the bottomline of Shipping Corporation of India (SCI) in the fourth quarter ended March 31, 2002. The company, the largest ... More

Western Coal closes 10 mines
THE Nagpur-based Western Coalfields Ltd (WCL), a profit making subsidiary of Coal India Ltd (CIL), has achieved rationalisation of its workforce in a peaceful manner, and has been able to close down at least 10 uneconomic underground coal ... More

FIPB spikes Qatar Gen copter venture proposal
THE Foreign Investment Promotion Board has rejected the proposal of Qatar General Petroleum Corporation's (QGPC) to set up a joint venture helicopter service company in India in partnership with domestic shipping major Great Eastern Shipping ... More

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Pick-up in non-food credit — Economy on revival path?

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In Depth
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Looking back
Jun. 9-Jun. 15
Infosys fears long-term effect of border tensions

Talks with contributors of UTI on new co soon

DoT, VSNL patch up -- Panel to decide on Tata Tele investment

Sensex up 83 points as war fears recede

`Privatisation process will be delayed' -- Divestment Ministry opposes BPCL float

FI, bank funding of projects worth Rs 50,000 cr -- Special purpose vehicles for infrastructure likely

SAB close to buying stake in Shaw Wallace

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