Financial Daily from THE HINDU group of publications
Saturday, August 03, 2002
Markets (Aug. 2)
BL 2501047.30 (+3.11)
BSE Sensex2985.01 (+9.20)
S&P CNX Nifty954.75 (-2.95)
Dollar (Buy/Sell)48.61/48.74
Gold Std (10 gm)5070 (+60)

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We shall reward investors in next 10-15 years: Mukesh
FOR Mr Mukesh Ambani, return on net worth will be the lone criterion for being in any business and by this measure textiles, which today brings in business of around Rs 400 crore, may not be a thrust area in the future. To a query on whether ... More

IT cos see more client gains
THE revolving door continues to be active. Loss of clients had silenced the cheers that new client acquisitions brought in for software companies during the last four quarters. However, a look at the latest two quarters shows client acquisitions ... More

TRAI pulls up Bharti for NLD licence violations
THE Telecom Regulatory Authority of India (TRAI) has pulled up Bharti Telesonic Ltd (BTSOL) the long-distance arm of the Bharti group, for `violation' of the national long-distance (NLD) licence conditions in its routing arrangements. In a ... More

Petrol pump allotment issue rocks Parliament
THE controversy over the issue of allotment of petrol pumps today rocked both Houses of Parliament with the Opposition calling for the resignation of the Petroleum Minister, Mr Ram Naik, and demanding a Parliamentary probe into the matter. The ... More

FDI in education being reviewed
THE Government has decided to review the policy on foreign direct investment (FDI) in primary and elementary education, according to senior officials. The administrative ministry, the Ministry of Human Resources Development (HRD), has set up an ... More

Sec 80 L tax sops from this fiscal
THE Finance Ministry today clarified that the maximum amount of deduction available under Section 80 L of the Income Tax Act would be Rs 15,000 from assessment year 2003-04. Out of this, Rs 12,000 shall be allowable from income by way of ... More

Sensex bounces back after hitting depths
DESPITE weak sentiment in the past few days due to the worsening drought-like situation, the stock market recovered on Friday from the day's low levels due to active institutional buying. The 30-share benchmark sensitive index (Sensex) of the ... More

PSU insurers dump compassion
PUBLIC sector general insurance companies are quietly dispensing with compassionate appointments in a bid to rationalise manpower utilisation. Such appointments are normally made to the next of kin of company personnel who die in harness. ... More

Gujarat Ambuja pays 60 pc total
THE board of directors of Gujarat Ambuja Cements Ltd has recommended a final dividend of 20 per cent, bringing the total dividend for the year to 60 per cent, or Rs 6 per share. The company has reported a 42.1 per cent decrease in net profit ... More

Buzz over fizz count
THE issue of tracking market share in the domestic cola industry has snowballed into a major controversy. While Coca-Cola India gets its market share tracked by ORG-MARG (now under the AC Nielsen network), which is the accepted standard for ... More

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