Financial Daily from THE HINDU group of publications
Sunday, November 24, 2002

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Grasim open offer for L&T — SEBI may slap notice on Morgan Stanley
THE Securities and Exchange Board of India is likely to issue a show-cause notice to J.M. Morgan Stanley, merchant banker to the Grasim open offer to L&T shareholders, for the delay in disclosing the regulator's advice to put on hold the open ... More

No fears of financial crisis: Jalan
`Macro-economic indicators are strong'

RULING out any threat of a domestic financial crisis, the Governor of the Reserve Bank of India, Dr Bimal Jalan, on Saturday said the macro-economic indicators of the Indian economy were strong with low inflation, a reasonable good growth and low ... More

Satyam set to ignite broadband war
A WAR of broadband Internet connections is in the offing. Satyam Infoway is planning to extend its broadband Internet services to homes in Chennai, and at a cost that could give its competitors a run for their money. According to informed ... More

Polaris buys call centre for $2.5 m
SOFTWARE maker Polaris Software Lab Ltd is understood to have acquired Delhi-based call-centre outfit ATS Services Pvt. Ltd for close to $2.5 million, industry sources said. ATS is believed to have a capacity of 250 seats and counts CitiCorp as ... More

Forex reserves touch $66 b
THE forex reserves of the country have risen by $ 648 million to touch $ 66.024 billion for the week ended November 15, as compared to $ 65.376 billion in the previous week, according to the latest figures released by the Reserve Bank of ... More

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Nov. 17-Nov. 23
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