Financial Daily from THE HINDU group of publications
Friday, October 25, 2002
Markets (Oct. 24)
BL 2501016.11 (-7.33)
BSE Sensex2908.05 (-40.91)
S&P CNX Nifty946.90 (-10.45)
Dollar (Buy/Sell)48.35/48.48
Gold Std (10 gm)5130 (-30)

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Advantage VSNL in battle with BSNL — DoT fears violation of shareholders' pact
THE Department of Telecommunciations (DoT) finds itself in a spot over the interconnection tussle between Videsh Sanchar Nigam Ltd (VSNL) and Bharat Sanchar Nigam Ltd (BSNL). Even though the Communications Minister, Mr Pramod Mahajan, has ... More

Data Access gives VSNL a run for its money
INTERNATIONAL long distance operator Data Access India Ltd is turning out to be the proverbial dark horse, grabbing a major chunk of the market from incumbent operator Videsh Sanchar Nigam Ltd (VSNL). The company, a joint venture between ... More

Dr Reddy's Q2 net drops on lower fluoxetine sales
DR Reddy's Laboratories Ltd has registered a fall in both turnover and net profit for the second quarter of the current fiscal ended September 30, 2002. The main reason for the poor performance was the absence of sales contribution from ... More

ITC net vaults 12% in Q2 as core businesses do well
RIDING on the back of all-round growth in all its core business segments, ITC Ltd today reported a 12 per cent increase in its post-tax profit at Rs 380.5 crore for the quarter ended September 30, 2002, as against a net profit of Rs 339.28 ... More

Retail operations boost UTI Bank net 43 per cent
HIGHER income from retail operations and fee-based activities coupled with `better' management of spreads have enabled UTI Bank to report a 42.71-per cent rise in net profit at Rs 44.17 crore for the quarter ended September 30 as against Rs 30.95 ... More

Pepsi runs short of Slice cocktail pulp
PEPSI Foods, which rolled out a series of fruit cocktail variants under its Slice brand some months ago in cartons, is faced with an unusual predicament. Just when the product offtake is on the upswing, the soft drinks major has run out of ... More

Will `poaching' stop with non-compete clauses?
A HIGH-PERFORMING relationship manager in a private bank hops jobs and joins a competitor. And takes with him a sizeable chunk of business (a couple of corporate accounts as well as high net worth individuals that he was handling) to his new ... More

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