Financial Daily from THE HINDU group of publications
Tuesday, July 09, 2002
Markets (July 8)
BL 2501155.12 (+5.44)
BSE Sensex3357.66 (+27.05)
S&P CNX Nifty1082.05 (+8.25)
Dollar (Buy/Sell)48.78/48.91
Gold Std (10 gm)5160

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ONGC creates ripples at MRPL counter
OIL and Natural Gas Corporation clarified on Monday evening that it was only "considering" a proposal to acquire a stake in Mangalore Refineries and Petrochemicals Limited, a few hours after it informed the Bombay Stock Exchange that its board ... More

Reliance withdraws $500-m FCCB plan
RELIANCE Industries Ltd (RIL) has written to the Government saying that it is revising its earlier proposal to launch a $500-million credit enhanced international offering of foreign currency convertible bonds (FCCBs) against shares held by its ... More

EPF board meet today to discuss rate cut
THE Central Board of Trustees (CBT) of the Employees Provident Fund (EPF) organisation will be meeting here tomorrow to take a final view on Finance Ministry's persistent stance on effecting a 50 basis point cut in the interest rate credited to ... More

ADR, GDR funds for PSU share buys allowed
AFTER opening up the external commercial borrowings (ECBs) route, the Government on Monday allowed Indian companies to utilise the proceeds of global depository receipts (GDRs) and American depository receipts (ADRs) for funding the acquisition ... More

Hindujas yet to hear from Haldia Petro stakeholders
THE probable participation of the Hinduja Group in the ownership as well as running of the Rs 5,000-crore plus Haldia Petrochemicals Ltd (HPL) will depend on whether the present stakeholders of the West Bengal-based petrochemicals company will ... More

Auto cos go for a rural drive
PASSENGER cars may not remain an urban phenomenon. For faced with rising income levels in rural areas due to a recovery in commodity prices and prospects of a good monsoon, an increasing number of auto companies are aggressively making inroads ... More

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