Financial Daily from THE HINDU group of publications
Friday, November 01, 2002
Markets (Oct. 31)
BL 2501024.12 (+9.99)
BSE Sensex2949.32 (+60.73)
S&P CNX Nifty951.40 (+13.65)
Dollar (Buy/Sell)48.32/48.45
Gold Std (10 gm)5220

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Reliance Q2 net tops Rs 1,000 cr
HIGHER sales, including exports, coupled with improved prices and reduction in interest and depreciation, helped Reliance Industries Ltd (RIL) to end the second quarter ended September 30, 2002 with a 25 per cent increase in net profit at Rs ... More

`100% success rate in Godavari gas wells'
RELIANCE Industries Ltd (RIL) today officially announced that it has discovered in excess of seven trillion cubic feet of natural gas in the deep-water block D6 in the Krishna Godavari basin off Andhra Pradesh coast. Making the announcement at ... More

It's `Dadaji' again at AGM
BEREFT of the presence of its founder chairman, Dhirubhai Ambani, the 28th annual general meeting of Reliance Industries (RIL) today wore the sombre garb of a condolence meeting. Over 35 shareholders of the company took to the podium to offer ... More

Jumbo moves FIPB again to buy out Shaw Wallace
JUMBO World Holdings Ltd has moved the Foreign Investment Promotion Board (FIPB) for the second time seeking permission to acquire the entire 60.93 per cent equity in Shaw Wallace & Company (SWC) currently held by Indian shareholders. The ... More

BSNL-MTNL merger plan may be dumped
THE Department of Telecommunications (DoT) is likely to dump the proposal to merge the two public sector telecom behemoths, Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL). Instead, what is now being considered is the ... More

SBI cuts PLR 25 basis points
STATE Bank of India (SBI) has announced reduction in prime lending rates. More banks are expected to follow suit. Following the 25 basis point bank rate cut in the Credit Policy, SBI has cut its prime lending rate (PLR) by 25 basis points to ... More

For NRIs, home is where the heart is...
PRAVEER Joshi, a 36-year-old chemical engineer from IIT Delhi working with Petrofac International in Sharjah, purchased an apartment in Gurgaon earlier this year. Gurgaon, near Delhi, in the neighbouring State of Haryana is an upcoming township ... More

Petro prices up
MUMBAI: Prices of petrol and diesel will go up by 2-3 paise per litre from Friday.This follows the increase in the dealer commission on diesel and petrol, oil companies said. Dealer commission has been raised to Rs 26 per kilolitre and Rs ... More

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