Financial Daily from THE HINDU group of publications
Tuesday, October 22, 2002
Markets (Oct. 21)
BL 2501041.50 (-3.18)
BSE Sensex2998.01 (-11.75)
S&P CNX Nifty967.35 (-4.40)
Dollar (Buy/Sell)48.31/48.44
Gold Std (10 gm)5170 (+20)

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VSNL allowed to invest Rs 835 cr in Tata Tele
THE committee set up to look into the modalities of VSNL's controversial investment in Tata Teleservices has decided that VSNL will invest Rs 835.8 crore in TTSL, at par and over a 7-year period, for a 19.9 per cent stake. The much-awaited ... More

VSNL: Competition prunes net by 33 pc
DECLINING customer tariffs, lower settlement rates from international carriers, and the impact from competition in the international long-distance telephony business have led to VSNL reporting a drop in both net profit and income for the second ... More

Ayurveda takes on allopathy in AIDS fight
IT may not be long before a certain green-eyed Bollywood diva or the man who almost won India an Oscar Award this year are roped in to spread awareness on AIDS in the country. But this and much more are on the anvil in the anti-AIDS segment, with ... More

Due diligence reveals more holes — Andhra Bank wants RBI to make good Centurion `erosion'
The Andhra Bank management has written to RBI stating that prior to a decision on the matter, the central bank should agree to compensate it for the erosion through the Deposit Insurance Credit Guarantee Corporation. More

Bankrolling SCI sell-off to be tough
INVESTORS wishing to acquire a strategic stake in the Government-owned Shipping Corporation of India (SCI) better have deep pockets or at least have a domestic financial institution to back them. This is because foreign lenders find the terms ... More

Approval for FDI — Speciality mags may need to stay separate
FOR domestic media companies, raising capital from foreign investors could well mean taking a difficult decision. That of cutting their umbilical cord. The Government is now considering a proposal to insert a clause wherein domestic companies ... More

It's placement time at IIM-B
COME October and it is summer placement time at the Indian Institutes of Management. In the initial round, at IIM, Bangalore, this year, the batch of 2004 students are taking their pick from companies such as ICICI, National Kidney Foundation - ... More

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