Financial Daily from THE HINDU group of publications
Thursday, September 19, 2002
Markets (Sept. 18)
BL 2501046.32 (-9.05)
BSE Sensex3069.78 (-34.12)
S&P CNX Nifty983.60 (-11.30)
Dollar (Buy/Sell)48.36/48.49
Gold Std (10 gm)5215 (+15)

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Air India to purchase 17 long-range aircraft
THE board of directors of Air India today approved the purchase of 17 long-range aircraft, a shopping list that could be billed upwards of $2.5 billion. An airline official, however, said the cost of acquisition would be known only after the ... More

Cabinet defers move on hiking FDI cap
THE Union Cabinet on Wednesday deferred a decision on hiking FDI limits in telecom, domestic airlines and insurance sectors as per the recommendations made by the Group of Ministers (GoM) on foreign investment. An official spokesperson said the ... More

How much must a CEO take home?
HOW much salary should the chief executive of a company earn? At the most, 15 times more than what the lowest level employee in the same company gets. That's what Mr N.R. Narayana Murthy, Chairman and Chief Mentor of Infosys Technologies, ... More

UTI board to mull MIP options
THE board of the Unit Trust of India is scheduled to meet on Thursday to consider various options on bridging the shortfall in the Monthly Income Plan 97 (IV). This scheme in which both the principal and dividend are assured is due for ... More

Oct 17 deadline for divestment review panel — Samata Party flexes muscles
THE Government's disinvestment programme faces a renewed threat from the Samata Party, a constituent of the ruling National Democratic Alliance (NDA). The party is now planning to set a deadline of October 17 for the Prime Minister to set up a ... More

Lower advance tax hits mop-up
WITH corporates forking out lower amounts in the second instalment of advance tax both in Mumbai and Delhi, the Centre's net direct tax collections grew just by around 8.6 per cent up to September 15 this year as compared to the corresponding ... More

Reliance ups stake in BSES to 40.29%
RELIANCE Power Ventures Ltd has informed the National Stock Exchange that Reliance Industries including "persons acting in concert" has purchased 32.65 lakh shares in BSES Ltd increasing the group's shareholding to 40.29 per cent. The company ... More

Amara Raja case: 2 cos held guilty
IN a significant development pertaining to price manipulation in the scrip of Amara Raja Batteries Ltd (ARBL), the Securities and Exchange Board of India (SEBI) has decided to suspend two of the stock broking firms registered on the Bombay Stock ... More

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