Financial Daily from THE HINDU group of publications
Wednesday, December 11, 2002
Markets (Dec. 10)
BL 2501112.94 (+3.85)
BSE Sensex3289.68 (+20.97)
S&P CNX Nifty1063.70 (+5.05)
Dollar (Buy/Sell)48.15/48.28
Gold Std (10 gm)5320

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Grasim charges on demerger move — No breach of norms: L&T
THE tug-of-war between Grasim Industries and Larsen & Toubro has assumed a new dimension with the former writing a letter to the latter warning it of "serious dispute and the possibility of a long-drawn out litigation" if L&T were to proceed with ... More

Banks getting overseas queries on NPA seizures
AMIDST growing scepticism and fears that banks and FIs may remain stuck with the assets seized under the new bad debt recovery law on account of a possible lack of interest from domestic buyers, there appears to be a ray of hope emerging from ... More

Balrampur Chini into liquor
IN a forward integration exercise, sugar major Balrampur Chini Mills Ltd has diversified into the Indian-Made Foreign Liquor (IMFL) sector. This is the first time that a sugar company of such size (it is the largest sugar company in the country) ... More

GAIL to bid for HPCL stake
GAIL (India) Ltd will bid for acquiring a controlling stake in Hindustan Petroleum Corporation Ltd (HPCL) when it is put up for strategic sale, a senior official on the company's board said here on Tuesday. "GAIL is interested in bidding for ... More

Shourie to seek A-G opinion on oil PSUs sell-off
THE Disinvestment Minister, Mr Arun Shourie, has said that he would seek the opinion of the Attorney-General, Mr Soli Sorabjee, on the legality of the sell-off of the oil two PSUs — HPCL and BPCL. "I will seek the opinion of the ... More

Auditors to feel `peer' pressure soon
JUDGE not that ye be not judged! That biblical saying may have some relevance to auditors of banks (public, private and foreign), financial institutions, insurance companies, public sector companies and large private sector companies. For, it ... More

Jaswant mulls interest sops for elderly
THE Finance Minister, Mr Jaswant Singh, has said that his Ministry is considering a proposal to offer senior citizens interest rates that are higher than market rates. "I hope to correct it very soon with the differential interest rate for ... More

Companies Bill passed in LS
With this, the Department of Company Affairs (DCA) has moved a step forward with its proposal to set up a national company law tribunal (NCLT) and national company law appellate tribunal (NCLAT) to take over the functions of the Company Law ... More

McDowell takes 85 pc stake in Triumph
UB Group's Spirits division's flagship company, McDowell & Co, has acquired 85 per cent stake in Triumph Distilleries & Vintners Pvt Ltd from financial investors for a total consideration of Rs 60 crore. Mr Deepak Roy, who will act as President ... More

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