Financial Daily from THE HINDU group of publications
Tuesday, September 17, 2002
Markets (Sept. 16)
BL 2501050.89 (-10.02)
BSE Sensex3076.01 (-22.93)
S&P CNX Nifty985.75 (-6.25)
Dollar (Buy/Sell)48.37/48.50
Gold Std (10 gm)5205 (-30)

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Approval for bank mergers `only after careful study'
THE Government approval for the two proposed bank mergers involving public sector banks - those between Punjab National Bank (PNB) and Nedungadi Bank Ltd and Andhra Bank and Centurion Bank - is not going to come easily. The Ministry of ... More

Nedungadi staff see better days
THE employees of Nedungadi Bank are by and large relieved at the possible takeover of the bank by Punjab National Bank. "Recapitalisation may not be the ultimate panacea for the bank since being small and tucked away in Kerala, erosion in ... More

Insider trading in Brooke Bond merger case — Court summons to HLL, directors
THE Metropolitan Magistrate's Court in the city today issued summons to Hindustan Lever Ltd and its directors in a criminal complaint filed by SEBI in 1998 for alleged insider trading by them prior to the merger of Brooke Bond India Ltd with ... More

Ratan Tata steps down from HPL board
MR Ratan Tata, Chairman, Tata Sons and the other Tata group representative on the board of Haldia Petrochemicals Ltd, Mr Shyamal Gupta, have stepped down from the HPL board. Confirming this during a brief interaction with the media at the State ... More

Plagued by disinvestment blues...: M-Cap of PSUs suffers heavy erosion
THE uncertainty revolving around the fate of the disinvestment process has shrunk the market value of PSU stocks by close to Rs 14,000 crore in the last two weeks. The market capitalisation of the BL PSU index stocks has fallen from Rs ... More

Rumours of Shourie's exit spoil party for SCI scrip
THE share price of Shipping Corporation of India (SCI) took a beating on Monday on rumours that the Union Disinvestment Minister, Mr Arun Shourie, had resigned from the Cabinet. The sharp drop in SCI scrip during intra-day trading today was ... More

Now, they're on the job, riding radio waves
IN the crowded job market, it always pays to be innovative. Whether it's the employer wooing the employee or vice versa, it's creativity that picks the winner. And the IT industry has always come up with new channels for exploration — ... More

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