Financial Daily from THE HINDU group of publications
Friday, December 20, 2002
Markets (Dec. 19)
BL 2501111.30 (-3.01)
BSE Sensex3333.86 (+0.55)
S&P CNX Nifty1076.00 (-1.95)
Dollar (Buy/Sell)48.04/48.16
Gold Std (10 gm)5560 (+75)

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JPC nails Ketan Parekh for all scams — Clean chit to Yashwant Sinha; Ajit Kumar faulted
THE Joint Parliamentary Committee (JPC) on the Rs 5,000-crore stock scam and the UTI fiasco today gave a clean chit to the former Finance Minister, Mr Yashwant Sinha, even as it indicted stock broker Ketan Parekh as the ``key player'' in the ... More

RBI blamed for `slackness'
THE Joint Parliamentary Committee (JPC) probing into the securities scam has expressed concern over the Reserve Bank of India's (RBI) "weak and ineffective" supervisory role, which, it feels, was instrumental in diverting bank monies into the ... More

`Super-regulator not needed'
THE Joint Parliamentary Committee probing into the securities scam has voted against a super-regulator for the financial markets, saying that the monitoring of the financial and capital markets can be handled by the High Level Committee on ... More

Ministry rapped for failure to avert US-64 fiasco
THE Finance Ministry has come under flak from the Joint Parliamentary Committee probing the securities scam for its failure in taking corrective measures that could have probably averted the US-64 fiasco. UTI had announced a freeze on sale and ... More

AMC to manage UTI-II may get derailed
THE Finance Ministry may be forced to review its decision of setting up an asset management company with four sponsors - - Life Insurance Corporation (LIC), State Bank of India (SBI), Bank of Baroda (BoB) and Punjab National Bank (PNB) - ... More

They come, they see and ... book Indigos
AT the Tata Engineering's corporate showroom here, Mr Kasturilal K. Wasan, Managing Director, Wasan Motors Pvt Ltd, seemed a happy man. No comparison to the Indica's debut; but people are coming to see the Indigo and he already has bookings. ... More

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