Financial Daily from THE HINDU group of publications
Thursday, December 12, 2002
Markets (Dec. 11)
BL 2501118.67 (+5.73)
BSE Sensex3303.27 (+13.59)
S&P CNX Nifty1069.75 (+6.05)
Dollar (Buy/Sell)48.11/48.24
Gold Std (10 gm)5300 (-20)

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Vijaya Bank eyes northern peers
The Chairman of the Bank, Mr M.S. Kapur, while confirming the intention of looking at acquisition of a bank from the Northern region, declined to disclose the banks eyed. Punjab & Sind Bank, Bank of Punjab and Bank of Rajasthan are the likely ... More

Banks told to make NRE rupee deposits unattractive
THE Reserve Bank of India is understood to have `informally' asked the public sector banks to cut interest rates on non-resident external (NRE) rupee deposits, to make it unattractive for NRI customers. According to sources, RBI has expressed ... More

Rupee touches one-year high
THE Indian currency closed at the year's high of 48.1450/1550 against the US dollar on Wednesday. Comparable levels of the currency were last witnessed on December 27, 2001, when the rupee closed at 48.18 against the greenback after which it ... More

Skyteam turns sour; Air India looks to Star Alliance
AIR India's brief honeymoon with Skyteam, the global aviation alliance, may be on the rocks. Official sources told Business Line that after being cold-shouldered by Air France, which is one of the major partners of Skyteam, the Maharaja ... More

Nani Palkhivala passes away
MR Nani Palkhivala, long associated with the Tata group, once Indian Ambassador to the US, and known by the general public for his work and talks on constitutional law and in particular, for his staunch defence of individual rights, passed away ... More

Yamaha sees India as component hub
JAPANESE two-wheeler major Yamaha Motor Company has plans to develop India into a component hub. According to Mr Masahiko Shibuya, Chief Executive Officer, Yamaha Motor India Pvt Ltd, a team of representatives from the Yamaha Motor Asian ... More

Australian bank seeks nod for NBFC
AUSTRALIA-based South East Asia Bank has sought permission from the Foreign Investment Promotion Board (FIPB) to establish a wholly-owned non-banking finance company (NBFC) in India. The company, in its application filed with FIPB, has stated ... More

EIL sell-off set for smooth course
THE cloud of uncertainty surrounding the privatisation of Engineers India Ltd (EIL), the engineering and consultancy major, has been lifted with the Union Government deciding to sort out the controversy over disinvestment in HPCL and ... More

A pretty good service for all you know, sir?
INDIANS have perhaps intuitively known all along. But there is official confirmation now. The Government has been delivering them in recent times a great deal of public administration. The value of its service output - administering the public ... More

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