Financial Daily from THE HINDU group of publications
Wednesday, August 28, 2002
Markets (Aug. 27)
BL 2501085.79 (-9.53)
BSE Sensex3097.85 (-25.75)
S&P CNX Nifty987.70 (-11.15)
Dollar (Buy/Sell)48.46/48.59
Gold Std (10 gm)5110 (+35)

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Centre seeks to get more for Maruti stake
IN a bid to improve the minimum realisation from the sale of its 20 per cent of stake in Maruti Udyog Ltd (MUL), the Government is planning to raise the underwritten value of the stock from Rs 2,300 per share to around Rs 2,500 per share. ... More

Addl Rs 1,400-cr guarantee for Unit Trust's MIP 97
THE Finance Ministry is set to provide an additional guarantee of Rs 1,300-1,400 crore to Unit Trust of India (UTI) to help bridge the shortfall in the Monthly Income Plan (MIP) 97 (3) scheme due for redemption in October this year. The ... More

India Inc left out of Earth Summit team
The grapevine has it that industry is caught in the crossfire between the Environment Ministry and the MEA. The Environment Minister, Mr T.R. Baalu, heads the delegation for the first five days, while the External Affairs Minister, Mr Yashwant Sinha, tak es over the remaining four days. More

Infosys logs on to life sciences practice — Earnings guidance at Rs 3,108-3,195 crore
SOFTWARE major Infosys Technologies Ltd has started a new practice in life sciences. Its Chairman and Chief Mentor, Mr N.R. Narayana Murthy, said at its annual analysts meet. "We have put in place necessary things and we will talk about it after ... More

Preferential private placement — Salomon Smith to advise UTI Bank
UTI Bank Ltd has decided to appoint investment bankers, Salomon Smith Barney, to raise additional equity capital through the preferential allotment route. The decision was taken by the Committee of Directors at a meeting today. Dr P.J. Nayak, ... More

Coke bids to placate with Kinley soda
THE anti-cola movement that has been gaining ground on the parameters of colas being `too expensive and unhealthy' has had an interesting fallout. Coca-Cola India (CCI) has begun its `commercial beverages' movement, and the first off the block ... More

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