Financial Daily from THE HINDU group of publications
Friday, June 21, 2002
Markets (June 20)
BL 2501137.87 (+5.06)
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Dollar (Buy/Sell)48.87/49.00
Gold Std (10 gm)5280

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ING offers Rs 341 cr to hike Vysya stake to 44% — Deal with GMR at 98 pc over market price
THE Dutch financial conglomerate ING group has proposed to buy out 23.99 per cent stake held by the GMR Vasavi group in Vysya Bank Ltd. The acquisition of this stake is expected to vault ING's holding to 43.99 per cent in the bank, the Dutch ... More

SAT sets aside SEBI ban on Videocon, BPL
THE Securities Appellate Tribunal (SAT) has set aside SEBI's orders of 2001 banning Videocon International Ltd and BPL Ltd from accessing the capital markets for alleged price manipulation of their scrips in 1998. The SEBI orders, under ... More

Rs 2-crore fund floor set for reconstruction companies
SECURITISATION or reconstruction companies would be required to maintain a minimum net owned funds (NOF) of Rs 2 crore or an amount not exceeding 15 per cent of the total financial assets acquired or proposed to be acquired by it. The proposed ... More

No stay on Sterlite buyback
THE Bombay High Court on Thursday directed Sterlite Industries (India) Ltd not to cancel until June 27, 2002, shares of those shareholders who have not yet sent the Option Form. The scheme of arrangement of Sterlite to purchase 50 per cent stake ... More

SBI net rises 52% to Rs 2,432 cr — Dividend hiked to 60 pc
STATE Bank of India has recorded a net profit of Rs 2,431.62 crore in 2001-02, marking a growth of 51.57 per cent compared to Rs 1,604.25 crore in 2000-01. The bank has increased its dividend to 60 per cent from 50 per cent. The operating ... More

RBI help sought on automatic route misuse
THE Foreign Investment Promotion Board (FIPB) has written to the Department of Economic Affairs (DEA) to take up the issue of misuse of the automatic approval route by a section of foreign investors with the RBI. The board has directed the ... More

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Top Stories
Mahindra unleashes Scorpio with `aggressive' pricing

Infosys acquires unit of US co

India to oust Vietnam for second place in global rice exports

ING offers Rs 341 cr to hike Vysya stake to 44% — Deal with GMR at 98 pc over market price

Cement, petro products drive core sector growth

WorldSpace sees no threat from FM radio

PAN must for more bank transactions

SAIL: Can the rusting be stopped?

In Depth
Gender Justice
Simple Economics
Guide to derivatives
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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