Financial Daily from THE HINDU group of publications
Thursday, October 24, 2002
Markets (Oct. 23)
BL 2501023.44 (-4.57)
BSE Sensex2948.96 (-17.01)
S&P CNX Nifty957.35 (-5.15)
Dollar (Buy/Sell)48.35/48.48
Gold Std (10 gm)5160 (+20)

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Excise waiver may stay for mass consumer goods
CONSUMERS may have reason to breathe easy with the Finance Ministry thinking of retaining the current excise duty exemption for a large number of mass consumption goods. Some 400-odd items of mass consumption such as ghee, vanaspati, common ... More

Satyam Q2 net down 11 per cent — Other income drop, expenditure blamed
SATYAM Computer Services Ltd today reported a net profit of Rs 118.16 crore for the second quarter ended September 30, 2002, which is down 11 per cent from Rs 134.08 crore during the corresponding quarter of the previous year. This decline has ... More

No immediate cut in petro product prices
North Block has been passive to the pleas of the Petroleum Ministry to seek a reduction in excise duties on the other two mass consumed products — LPG and kerosene. More

Shaw Wallace luring old-timer from UB
IT is crossover time again in the liquor industry. This time, the Chhabrias are luring an old-timer from the rival Vijay Mallya camp. Shaw Wallace & Co is likely to rope in the Chief Operating Officer of the UB group's spirits division, Mr ... More

13 companies in dock over stock scam
THE Government has cracked the whip on 13 companies, including those controlled by Mr Shankar Sharma, stock broker, Mr Nirmal Bang and the former President of the BSE, Mr Anand Rathi, all facing charges of stock market manipulation dating to ... More

Ajith Philip still groping around for the right two-wheeler
AFTER extensive research, many test drives and much haggling at show rooms, Ajith Philip has almost decided on a TVS `Victor' as his first bike. He is yet to buy it, though. "I want to take a look at this new bike from Yamaha before I finally ... More

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