Financial Daily from THE HINDU group of publications
Tuesday, August 13, 2002
Markets (Aug. 12)
BL 2501061 (+8.31)
BSE Sensex3007.85 (+31.51)
S&P CNX Nifty969.85 (+7.90)
Dollar (Buy/Sell)48.57/48.70
Gold Std (10 gm)5220 (+85)

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Rs 500 cr more for US-64
THE Government is set to provide a second tranche of Rs 500 crore to the Unit Trust of India (UTI) as part of the bailout package to enable the fund to meet its payment obligations in the US-64 scheme. An indication to this effect was given by ... More

Industrial production up 4 pc in Q1
EVEN as the economy grapples with the prospects of an impending drought - possibly the worst in the last three decades - there is continued benign news flowing on the industrial front. Indeed, a nascent industrial recovery of sorts seems ... More

Work begins for GM's Panther launch in '03
CAR manufacturer General Motors India has zeroed in on its next offering for the Indian market, the popular MUV Panther from the Isuzu stable for a December 2003 launch. Top company sources in the Capital told Business Line the company ... More

VSNL: Making it ring the Tata tone
IS Videsh Sanchar Nigam Ltd (VSNL) an international long-distance service provider or Internet service provider? It may sound strange, but the country's leading ILD operator, having a near monopoly over the market, is facing an identity ... More

Saraswat co-op bank board removes MD
IN a surprise development, Mr D.R. Shirodkar, Managing Director, Saraswat Cooperative Bank Ltd, a multi-state urban co-operative bank, has been removed by the bank's board. According to officials, the bank board at its meeting on Saturday ... More

BPL cellular biz loses top honcho
BPL's cellular business has lost a top honcho. Mr K. Ravishankar, a wholetime director of BPL Communications Ltd, has quit. Mr Ravishankar has been associated with the BPL Group since 1996. He occupied several key posts including that of the ... More

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