Financial Daily from THE HINDU group of publications
Tuesday, July 30, 2002
Markets (July 29)
BL 2501060.12 (-8.41)
BSE Sensex3030.06 (+5.71)
S&P CNX Nifty971.65 (-1.85)
Dollar (Buy/Sell)48.69/48.82
Gold Std (10 gm)5030 (-110)

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Direct 24-hour Net from BSNL
IN an effort to retain its market share in the face of growing competition from private operators, Bharat Sanchar Nigam Ltd (BSNL) proposes to offer direct Internet access services (DIAS), with 24-hour connectivity to its subscribers, at nominal ... More

Govt sticks to E. Railway split
THE BJP-led Government has decided to stick to the decision to bifurcate the Eastern Railway zone on grounds of merit. The Union Cabinet today rejected the demand made by the Trinamool Congress leader, Ms Mamata Banerjee, to reverse the move, ... More

VSNL net dips 28.5% in first quarter
FALLING settlement rates, declining international long-distance tariffs and lower revenue shares continued to be a drag on VSNL's finances, with the company reporting a 28.5 per cent fall in net profit, and a 13 per cent fall in income for the ... More

Stocks rally in volatile trade
CONCERN over a drought in the country coupled with the prevailing bearish sentiment drove stock prices down early on Monday. But prices recovered towards the end of the day with international bourses opening stronger. The market was extremely ... More

M&M drives back into profit in Q1
MAHINDRA & Mahindra Ltd (M&M) has returned to profitability in the first quarter of 2002-2003 with a net profit of Rs 7.8 crore, after reporting a net loss of Rs 29.62 crore in the last quarter of the previous fiscal. "This profit performance ... More

The Sachin turbo charge
A NEW ad-film, in which Sachin Tendulkar once again endorses TVS Victor, could hit the TV screens "any time now". And, pretty soon, Sachin will be lending his image for other TVS motorcycles too. "We hired Sachin not just to promote TVS Victor, ... More

TVS to make 2nd open offer for Harita Fin
AS TVS Motor Company's open offer for buying out the 50.30 per cent stake in the group company, Harita Finance Ltd, from the public has met with lukewarm response, it is mulling a second open offer. The first offer was open between April 29 and ... More


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