Financial Daily from THE HINDU group of publications
Wednesday, July 24, 2002
Markets (July 23)
BL 2501112.43 (+14.57)
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Dollar (Buy/Sell)48.64/48.77
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Tata Steel Q1 net up 3-fold at Rs 66 cr
HIGHER volumes and better product-mix helped Tata Iron and Steel Company Ltd (Tata Steel) with a three-fold increase in its net profit at Rs 65.92 crore for the first quarter of 2002-003 against Rs 20.53 crore in the year-ago period. "Higher ... More

Maruti slashes prices of 800 cc models
EVEN as Tata Engineering gave indications of increasing prices of its Indica due to higher input costs, the leading automobile manufacturer, Maruti Udyog Ltd, on Tuesday announced its decision to slash prices for its entry-level car, the Maruti ... More

Infosys' Phaneesh Murthy quits to fight sexual harassment suit
MR Phaneesh Murthy, Director of Infosys and Head - Sales & Marketing and Communication & Product Services (CAPS), has resigned to fight a lawsuit filed against him and the company by an employee for "wrongful termination and sexual harassment". ... More

Q1 performance points to recovery
THE profit of 252 companies which have announced their first quarter 2002-03 results shows a rise of 18.2 per cent on a cumulative basis. However, growth in total income has only been modest at less than 5 per cent. The growth in operating ... More

Set UTI free from trustees: JPC
THE Joint Parliamentary Committee (JPC) probing into the 2001 securities scam has recommended that the trustees of the Unit Trust of India (UTI) such as the IDBI, SBI, LIC and other public financial institutions should be divested of control and ... More

GAIL board okays 10 pc stake in Haldia Petro
THE board of Gas Authority of India Ltd (GAIL) today approved a proposal to take a 10 per cent equity stake in Haldia Petrochemicals Ltd. The approval is contingent on the financial restructuring taking place. The investment will be of the order ... More

I-Sec chief puts in his papers
MR Devdatt Shah, Managing Director and Chief Executive Officer of ICICI Securities and Finance Company Ltd, will be stepping down from his post due to personal reasons. According to an official press release, Ms Ramni Nirula, Senior General ... More

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