Financial Daily from THE HINDU group of publications
Friday, November 08, 2002
Markets (Nov. 7)
BL 2501035.67 (-0.88)
BSE Sensex2975.26 (-7.13)
S&P CNX Nifty960.70 (-1.60)
Dollar (Buy/Sell)48.26/48.39

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Jaswant asks Ministries, depts to tighten belt
WITH the Government under pressure to meet the funding requirements of drought-hit States, the Finance Minister, Mr Jaswant Singh, sent out a clear message to all Central ministries and departments to curtail unproductive expenditure and maximise ... More

Rupee closes at 9-month high
THE rupee continued its appreciation closing at a nine-month high of 48.2850/29 against the US dollar on Thursday. This is comparable to January 24, 2002 levels when the currency had opened at 48.28/29 and had closed at 48.34. On Wednesday, ... More

UTI staff resent `transfer' move
JUST when it appeared that Unit Trust of India (UTI) had left behind its train of troubles, employees of the country's largest mutual fund have decided to up the ante of what was until now a low-key protest against "privatisation". UTI ... More

Indian IT sector tops pay hikes in Asia-Pacific
Projections by the surveyed companies also indicate a slight rise in salary increases in 2003 in most of the countries. More

Philips making things better, patently
MR Vinay Shenoy and his new team of six at Philips Software Centre are on a unique job. Currently training in the Netherlands, Mr Shenoy's team of Patent Search Engineers is vetting great ideas from colleagues across the globe and clearing ... More

Frito-Lay to serve desi snacks
SO much for French fries and Tortilla chips. Indians seem to be snacking on ethnic foods with a vengeance. Which is good news for the corporate sector, given that the past few years have seen a perceptible shift towards the branded sector at the ... More

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