Financial Daily from THE HINDU group of publications
Wednesday, July 17, 2002
Markets (July 16)
BL 2501125.76 (-16.22)
BSE Sensex3229.18 (-49.53)
S&P CNX Nifty1035.95 (-12.05)
Dollar (Buy/Sell)48.75/48.88
Gold Std (10 gm)5270 (+40)

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DCA probe reveals `minor violations' — `Naresh Goyal owns Tailwinds'
THE investigations being conducted by the Department of Company Affairs (DCA) into the ownership pattern of the holding company of Jet Airways, Tailwinds, show that the company is fully owned by Mr Naresh Goyal, who is both an Indian citizen and ... More

Euro going great guns
EXPORTERS to Europe, who invoice their goods in euro, would be a happy lot as the common currency drew parity with the dollar on Monday and then continued its way up. Importers, however, have reason to worry. The euro, which has been giving ... More

Govt to review FIPB functioning to attract FDI
THE Government will review the functioning of the Foreign Investment Promotion Board (FIPB) in a bid to boost annual foreign direct investment (FDI) inflows to $10 billion. "As far as the FIPB is concerned, we are reconsidering this issue," the ... More

Sensex ends 49.53 down
SHAKY global markets, border tensions and a hesitant monsoon pulled down stock prices in the domestic market for the second day in a row on Tuesday. Opening almost at Monday's closing levels, the market continued to reflect bearish sentiment the ... More

No RBI approval needed to sell rights shares of overseas cos
THE Reserve Bank of India (RBI) has eased the regulations under the Foreign Exchange Management Act (FEMA) by which Indians can sell shares allotted to them under a rights offering by overseas companies without the prior approval of the country's ... More

TV channels use radio for promos
`DON'T Miss Pretty Woman on Star Movies', `Catch Yaadien on Sony'... These are just some of the promotions by various television channels on FM radio. Call it convergence of sorts. Television channels have extensively started ... More

DCA issues notice to Xerox Modi
THE Department of Company Affairs (DCA) has issued a notice to Xerox Modicorp, the Indian subsidiary of the US multinational, Xerox Corporation, to inspect its books of accounts. The department is planning to inspect the Indian subsidiary's ... More

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