Financial Daily from THE HINDU group of publications
Wednesday, December 04, 2002
Markets (Dec. 03)
BL 2501103.24 (-13.77)
BSE Sensex3230.14 (-40.22)
S&P CNX Nifty1055.00 (-12.90)
Dollar (Buy/Sell)48.21/48.34
Gold Std (10 gm)5210

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Govt sees growth at close to 5.5% — Mid-year review downplays drought impact
THE Finance Ministry has sought to paint a robust picture of the economy, which, it says, will register a growth of "close to 5.5 per cent" this year, notwithstanding the widespread monsoon failure and uncertainties arising from tensions in West ... More

`Mounting fiscal deficit a worry'
THE Government has expressed concern over the mounting fiscal deficit calling it the biggest challenge to the economy, which was facing the prospects of weakening growth momentum and pressures on revenue and expenditure. Addressing a press ... More

Shishir's Bajaj Auto stake on the block
MR Shishir Bajaj, estranged scion of the Bajaj family, is understood to have put his shareholding in group flagship Bajaj Auto on the block at a premium of more than 20 per cent. According to sources, Mr Shishir Bajaj, brother of Mr Rahul ... More

ICICI Bank slaps notice on JK co
A GROUP of lenders led by ICICI Bank has issued a notice to take over the assets of JK Udaipur Udyog Ltd (JKUUL) of the Hari Shanker Singhania-promoted JK group to recover loans of about Rs 132 crore. The notice has been issued under the ... More

Electronic funds transfer yet to click
LACK of awareness among customers and branch-level staff and banks' unwillingness to let go of a more lucrative demand draft (DD) business, appear to have ensured that the `Electronic Funds Transfer' (EFT) remains a product only on paper. What ... More

Slippages feared in second half on relief, subsidies
THE reasonable levels of fiscal discipline and rectitude recorded in the first half of 2002-03 may give way to significant slippages in the second half, courtesy the impact of additional drought relief expenditures and higher outgo on ... More

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