Financial Daily from THE HINDU group of publications
Wednesday, September 25, 2002
Markets (Sept. 24)
BL 2501030.67 (-3.68)
BSE Sensex3022.25 (+0.97)
S&P CNX Nifty966.20 (-4.10)
Dollar (Buy/Sell)48.37/48.49
Gold Std (10 gm)5300 (+10)

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Terrorists storm Gujarat temple, kill 23
IN an indiscriminate shoot-out at the prestigious Akshardham temple belonging to the affluent Swaminarayan sect here, 23 people were reportedly killed and 70 injured. The siege that began at around 4.30 p.m. caught the entire security system ... More

Export, production ban on 5 seafood units
IN a move that has sent shockwaves amongst the seafood export community, the Export Inspection Agency (EIA) has issued a directive to five major seafood units across the country for immediate stoppage of production and export. Total exports of ... More

Kharif output to plunge 18.5 pc
CONFIRMING fears of a widespread drought induced by poor southwest monsoon rains, the Agriculture Ministry today said that the country's kharif foodgrain production this year will be only 90.85 million tonnes (mt), a sharp 18.5 per cent drop over ... More

BSE to probe pref issues of 5 cos
EMBOLDENED by a ruling by the Securities Appellate Tribunal (SAT) in its favour, the Bombay Stock Exchange (BSE) has decided to probe preferential issues of five companies. According to BSE sources, a chartered accountant firm has been ... More

Firm rupee boosts corporate leveraging
THE gearing ratios of corporates in the country have improved considerably, with the strengthening of the rupee against the dollar in the last few weeks. The rupee has strengthened by close to 70 paise per dollar since April, induced by strong ... More

Foreign airlines may not be allowed domestic stake
EVEN as the proposal for hiking the level of foreign direct investment (FDI) in domestic airlines from 40 to 49 per cent is expected to get the nod from the Government, the proposal for allowing foreign airlines to pick up stake in the domestic ... More

Markets edgy over sharp fall in global indices
THE Indian stock markets were edgy today following the sharp fall in global stock markets and selling by foreign funds. However, the BSE Sensex closed just one point higher at 3022.25 and on the NSE, the S&P CNX Nifty closed four points down at ... More

Hinduja TMT may merge media arms
HINDUJA TMT Ltd was considering a merger of its media subsidiaries into a single entity which may go in for an initial public offering (IPO) subsequently, its Chairman, Mr Ashok Hinduja, said at the company's annual general meeting today. The ... More

I-T raids on Parekh Platinum
PAREKH Platinum Ltd was on Tuesday raided by the income-tax authorities, allegedly for concealing income. According to I-T sources, raids were continuing late in the evening. The I-T authorities have also conducted countrywide raids on Pest ... More

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