Financial Daily from THE HINDU group of publications
Thursday, July 11, 2002
Markets (July 10)
BL 2501147.27 (-9.20)
BSE Sensex3332.36 (-26.22)
S&P CNX Nifty1071.70 (-8.60)
Dollar (Buy/Sell)48.74/48.87
Gold Std (10 gm)5205 (+30)

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No business sans ethics: PM
THE Government has indicated that it would come out with more regulatory steps to strengthen the practice of good corporate governance among industry in the country in the wake of a wave of accounting scandals emerging in the US. The indication ... More

Consumer boosting steps coming
THE Government will come up with specific proposals to boost consumer spending as part of the efforts to accelerate the economic recovery under way. Besides, the Government has held out the promise of a review of the recently issued Ordinance ... More

Infosys net profit goes up 14.1 per cent in Q1
INFOSYS Technologies Ltd on Wednesday reported a growth of 12.42 per cent in sales revenues and 3.1 per cent in net profits for the first quarter ended June 30, 2002 over the preceding quarter. Net profits for the quarter stood at Rs 216.85 crore ... More

Bharti gets security nod for international calls
THE long wait for Bharti Telesonic Ltd, the long-distance arm of the Bharti group, is finally over. The Ministry of Home has given security clearances for its international long-distance services, which have been pending with it for over two ... More

Differences over service tax on life policies
THE Insurance Regulatory Development Authority (IRDA) has locked horns with the Revenue Department on the method of computation of the risk premium component of life insurance policies on which the government proposes to levy a 5 per cent service ... More

Truckers serve notices on TAC
BARELY over a week after the new motor insurance tariffs came into effect, pressure is mounting on the Tariff Advisory Committee (TAC) for keeping the enhanced rates in abeyance till pending legal proceedings related to the matter are settled. ... More

IA cuts fares for 9 more sectors
INDIAN Airlines (IA) on Wednesday extended the apex fares scheme, which comes into effect from August 1 for a three-month period and offers passengers lower fares if the tickets are purchased three weeks in advance, to nine more sectors. The ... More

GE Capital to buy stake in TV Today
TV Today Network Ltd has tied up with GE Capital, the wholly owned subsidiary of the US-based electrical giant General Electric. . According to sources, GE Capital will pick up a six per cent stake in TV Today Network Ltd at a premium. However, ... More

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