Financial Daily from THE HINDU group of publications
Tuesday, December 24, 2002
Markets (Dec. 23)
BL 2501113.92 (-2.21)
BSE Sensex3329.01 (-7.61)
S&P CNX Nifty1076 (-3.30)
Dollar (Buy/Sell)47.97/48.10
Gold Std (10 gm)5575 (+10)

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Kelkar to finally toe a soft line
BOWING to pressure from the BJP, the Kelkar Panel on Direct Taxes has decided to go soft on individual taxpayers. In its final report, the committee has alsoproposed a corporate tax structure which the domestic industry may well be comfortable ... More

CEOs, CFOs must okay accounts: Panel
THE Naresh Chandra Committee on Corporate Audit and Governance has recommended a slew of measures aimed at reducing the scope for " accounts fixing" by corporate India by increasing the level of penalties for corporate wrongdoings, besides ... More

BSES backs open offer by Reliance
BSES Ltd today said it supported Reliance Industries Ltd's second open offer to acquire an additional 20 per cent of its equity share capital. In a statement signed by Mr K.D. Kulkarni, Director (Human Resources) on behalf of Mr S.S. Dua, ... More

Derivatives overtake cash market on NSE
FOR the first time in the two-and-half-year-old history of derivatives trading in the country, the volume in the derivatives segment of the National Stock Exchange today overtook that of the cash market. The total volume on NSE's derivatives ... More

TRAI discusses Reliance tariff
THE Telecom Regulatory Authority of India (TRAI) has concluded its consultation process on the limited mobility tariff plans of Reliance Communciations which are due to be launched later this week. While it had already consulted the cellular ... More

Bharti may have to cough up Rs 500 cr on JT Mobile row
IN what could be a major setback to the Bharti group, it may have to part with over Rs 500 crore to the Department of Telecommunications (DoT) as outstanding dues (following its acquisition of JT Mobile's Punjab cellular licence) which was under ... More

Reliance, Tata Tele may mostly get new cell users
LIMITED mobility service providers such as Tata TeleServices and Reliance Infocomm are likely to get most of their subscribers from new connections rather than wean away existing cellular phone users, a study by International Data Corporation ... More

There's no flavour in this tea dotcom
IT is probably time for the last bubble in to burst. Industry sources say it is dead and defunct although the owner is continuing to claim that the dotcom is fighting to survive in a tough market., the only online ... More

Polaris officials still in Jakarta
POLARIS Software Chairman and Managing Director, Mr Arun Jain, and his colleague, Mr Rajiv Malhotra, spent yet another day in Jakarta with the local police not returning their passports on Monday, an official at the Indian Embassy in Jakarta told ... More

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