Financial Daily from THE HINDU group of publications
Wednesday, October 23, 2002
Markets (Oct. 22)
BL 2501028.01 (-13.49)
BSE Sensex2965.97 (-32.04)
S&P CNX Nifty962.50 (-4.85)
Dollar (Buy/Sell)48.32/48.45
Gold Std (10 gm)5140 (-30)

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Lock-in favoured to curb transfer — Govt to alter sale pacts for Centaur, Chefair
IT seems to be a classic case of `once bitten twice shy'. Embarrassed by the resale of Centaur Airport hotel in Mumbai by Batra Hospitality Private Ltd to Sahara India group, the Government seems to have become wiser. Official sources told ... More

Dr Reddy's drug clears first hurdle in US
Amlodipine Besylate is the generic version of Pfizer's drug - Norvasc, which is indicated for the treatment of hypertension and angina. More

Reliance Info shifts staff to Knowledge City
RELIANCE Infocomm has shifted over 3,000 employees from its various offices in Mumbai to its new 132-acre office in satellite city,Navi Mumbai. This space which the Reliance group bought from ICI several years ago has been developed by it into ... More

Bill soon to repeal IDBI Act; IFCI package under way
IDBI would not need a bail-out. However, IFCI might require a helping hand, but the Government is not yet sure as to what extent that would be. That in gist was the conclusion reached at separate brainstorming meetings held by the Ministry of ... More

Finance Ministry finalises Budget team
THE Finance Minister, Mr Jaswant Singh's team for the 2003 Budget is in place with the reshuffle in the Finance Ministry carried out on Tuesday. The Government has decided to shift the Expenditure Secretary, Mr C.S. Rao to the Revenue ... More

Samsung allowed to buy out Indian partners in jt venture
THE Government today permitted Samsung Electronics Company Ltd of Korea to buy out the Indian partners in its Indian joint venture, Samsung India Electronics Ltd and convert it into a wholly-owned subsidiary. The company has been allowed to ... More

VSNL hits 52-week low on bourses
VIDESH Sanchar Nigam Ltd today sank to its 52-week low on both BSE as well as NSE, touching Rs 97.1 per share on BSE and Rs 98.3 per share on NSE before closing on both the exchanges at Rs 100.8 per share. Market analysts expressed little ... More

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