Financial Daily from THE HINDU group of publications
Saturday, August 10, 2002
Markets (Aug. 9)
BL 2501052.69 (+7.14)
BSE Sensex2976.34 (+26.25)
S&P CNX Nifty961.95 (+8.40)
Dollar (Buy/Sell)48.61/48.74
Gold Std (10 gm)5135 (-35)

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Too late, too early
OVERTIME allowance is well known, now there is overtime tax. Thailand's Customs Department has decided to impose `overtime' taxes for customs-clearance services outside standard operating hours. This could make Thailand the only country in Asia ... More


From drought to fiscal emergency
NORTH India consists of Uttar Pradesh, Haryana, Punjab, Jammu and Kashmir and Himachal Pradesh. It produced 30-32 per cent of India's food production in the early 1970s. In the early 1980s, this proportion increased to 38-40 per cent. In the ... More


The politics of interruptus
WE used to think that Mr Yashwant Sinha was the one and only `rollback' man. But recent events have brought more names into the R-league, not counting all the politicians who first roll out their tongue, and then disown the attributed quote. ... More


Tatas' new retirement plan: Taste of things to come?
THE intention of Bombay House to reduce the retirement age of non-executive directors (N-EDs) to 70 from 75, as revealed by Mr Ratan Tata at Tata Power's AGM in Mumbai on August 6, would, when carried out, mark a departure from the position ... More


Salt & pepper for an exact recipe
THE Tatas are in the news for the wrong reasons. They are fighting a pitched battle with the accountants, whom everybody believes as belonging to a tribe that is now trying to rise from the abyss. For the lay, suddenly, there are numerous ... More


Bankers going back to basics
BANKERS are quietly going back to the basics of building an asset portfolio in the current year, having lost the comfort of trading profits which played up balance sheets over the last two years. A top banker in a nationalised bank admitted to ... More


HCL Tech slide halted
THE continuous fall in the share price of HCL Technologies in the last few days came to a halt on Friday. The stock gained 2.92 per cent at Rs 179.50 on the BSE with volumes of 4.74 lakh shares. On the NSE, the stock gained 2.85 per cent at Rs ... More


Positive outlook for L&T
THE following are some buy/sell strategies based on Friday's trading in the derivatives segment at the NSE: Equity options: The immediate outlook on Satyam appears positive. Buying calls to profit from the positive outlook may not be, ... More


Markets finish on firm note as techs sizzle
THE last day of the trading week witnessed a good bout of optimism, narrowing down the losses for the entire week. Bulls wrested control of the trading session and sentiment turned positive after tech stocks were picked up at bargains. On the ... More
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