Financial Daily from THE HINDU group of publications
Tuesday, December 31, 2002
Markets (Dec.30)
BL 2501126.21 (-4.93)
BSE Sensex3374.97 (-23.03)
S&P CNX Nifty1091.95 (-6.45)
Dollar (Buy/Sell)47.90/48.03
Gold Std (10 gm)5645 (+5)

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Zee shares to be pledged with CSFB — Subhash Chandra to raise $40-m loan via OCB
IN a major move to raise funds, the Subhash Chandra group has finalised plans to pledge equity shares of Zee Telefilms Ltd with the Zurich-based Credit Suisse First Boston Corporation (CSFBC) for a three-year term loan of $40 million. According ... More

Polaris to write off $1 m on `Indonesian safari' — Board for legal action against Bank Artha Graha
POLARIS Software Lab Ltd plans to write off about $1 million on the Bank Artha Graha-related expenses. This included about $6,60,000 Polaris got from the bank for the order and legal expenses, Mr Arun Jain, Chairman and Managing Director and CEO, ... More

10-year paper yield falls to 6.11 pc
IT was a `frenzied' day in the debt market on Monday with traded volumes touching a high of Rs 7,825 crore against the daily average of Rs 3,000 - Rs 4,000 crore. Yields on Government securities touched new lows yet again, with the benchmark ... More

Custodian puts Harshad's bulk holdings on the block
ON the eve of the first death anniversary of Harshad Mehta, the Office of the Custodian has put up for sale the stockbroker's huge shareholdings, the value of which could be nearly Rs 400 crore to Rs 500 crore, in several top companies such as ... More

Oppenheimer buys 12.6% stake in SB&T
OPPENHEIMER Funds has acquired from the market 16.98 lakh equity shares of jewellery manufacturer SB&T International, representing 12.58 per cent of the company's capital, an official statement said. "Leading institutional investors have shown ... More

CTV makers to cash in on World Cup mania
WITH sporting events emerging as a major driver for colour television (CTV) sales, CTV manufacturers, in order to cash in on the oncoming cricket season, have lined up a gamut of new models for launch in the next two months. Surely, if cricket ... More

Gestetner board okays revamp plan for Nasik plant
THE board of directors of Gestetner India Ltd has accorded permission to the company's Managing Director to take any measure for restructuring, including closure of manufacturing operations at Nasik. The restructuring process is expected to ... More

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