Financial Daily from THE HINDU group of publications
Saturday, December 21, 2002
Markets (Dec. 20)
BL 2501116.13 (+4.83)
BSE Sensex3337.22 (+3.36)
S&P CNX Nifty1079.30 (+3.30)
Dollar (Buy/Sell)47.95/48.08
Gold Std (10 gm)5565 (+5)

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Reliance open offer for 20% in BSES — Deal to cost Rs 743 crore at Rs 230.10 a share
THE Rs 65,000-crore Reliance Industries today announced an open offer to acquire 20 per cent equity in BSES Ltd at Rs 230.10 per share, a move that would give the petrochemicals giant full control of the Mumbai-based power utility. The offer, ... More

Polaris chief Arun Jain released in Jakarta
THE Indonesian Police on Friday released Polaris Software CEO, Mr Arun Jain, after a week's detention over a commercial dispute; but he will have to be in Jakarta for some more days for further interrogation. Mr Jain and his colleague, Mr ... More

Tatas to ship Rover-branded Indicas
TATA Engineering today informed it has signed a manufacturing and supply agreement with MG Rover Group of UK, whereby Indicas incorporating certain Rover-specific modifications, would be made at the Indian company's Pune works and shipped ... More

Forex reserves will absorb oil shocks, says Jaswant
THE Finance Minister, Mr Jaswant Singh, today said that the comfortable forex reserves position would enable the Government to absorb the spurt in global crude prices due to the war-like situation developing in Iraq. "With forex reserves ... More

Crafting a home-coming decision
THE top-of-the-line Indian graduate, after getting an engineering degree under his belt, has two options. Make a beeline for one of the top management schools in the country or better still, head out to destinations spanning the US or even some ... More

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