Financial Daily from THE HINDU group of publications
Friday, July 12, 2002
Markets (July 11)
BL 2501134.79 (-12.48)
BSE Sensex3290.56 (-41.80)
S&P CNX Nifty1056.60 (-15.10)
Dollar (Buy/Sell)48.75/48.87
Gold Std (10 gm)5200 (-5)

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Sustaining the feel-good factor — Govt to go easy on depreciation rates
THE process of `sustaining the feel good factor' in the economy has been initiated by the Finance Ministry. Industry will have cause to cheer as the Ministry has decided not to effect an across-the-board cut in depreciation rates on plant and ... More

Electrolux rights issue runs into rough weather — Company mulling other plans
The parent company, AB Electrolux, Sweden controls 75.96 per cent of the company's equity while the Indian promoters hold 9.64 per cent with the balance - 14.40 per cent - being distributed among the public and FIs. More

Calls to come cheap as VSNL gears for rate cut
THE consumer can finally reap the benefits of competition in the international long distance (ILD) sector, with the incumbent operator, Videsh Sanchar Nigam Ltd (VSNL), all set to lower its tariff rates in the next couple of days. The proposed ... More

AI panel to oversee daily functioning
THE board of directors of Air India has decided to constitute a management committee to oversee the day-to-day functioning and operations of the airline. The new committee will act as an interface between the board of directors and the ... More

Employees to chip in and bid for MOIL
THE employees of Manganese Ore India Ltd (MOIL) are setting up a special purpose vehicle (SPV) to bid for acquiring a controlling stake of 51 per cent in the company. This could be the first case of a genuine and serious attempt by the ... More

Mastek posts Rs 17-cr net profit
MASTEK group has reported a net profit of Rs 16.95 crore for the quarter ended June 30, 2002 compared to a loss of Rs 3.26 crore in the corresponding period last year. Total revenues for the quarter were Rs 85.53 crore as against Rs 65.11 crore ... More

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