Financial Daily from THE HINDU group of publications
Wednesday, January 08, 2003
Markets (Jan. 07)
BL 2501130.59 (+0.32)
BSE Sensex3330.50 (-4.39)
S&P CNX Nifty1081.80 (-2.55)
Dollar (Buy/Sell)47.94/48.06
Gold Std (10 gm)5660 (-70)

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BSNL, MTNL also cut cell rates — Calls to be cheaper than that of private operators
AS expected, just days after the private mobile operators slashed mobile-to-mobile STD rates, State telecom companies, Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), have followed suit, announcing rate cuts that make ... More

Gulf war will be a drag on domestic airlines
THE possible outbreak of hostilities in the Gulf region will affect the financial fortunes of almost all the domestic airlines. According to official sources, apart from the inevitable rise in the price of aviation turbine fuel (ATF), Air India ... More

NCL developing 3 chiral drug compounds
NATIONAL Chemical Labs, Pune, is developing three chiral drug compounds, which are expected to be in the market by this year-end. These are anti-asthmatic R-Salbutamol, anti-histamine Citrizine and beta blocker Atenolol. Only in late 2002, ... More

DoT may resolve interconnect row
THE Department of Telecommunications (DoT) is likely to step in and ensure that private cellular operators sign suitable interconnect agreements with basic service providers Reliance Infocomm & Tata Teleservices Ltd to ensure that limited ... More

Chemplast PVC project goes to AP
CHEMPLAST Sanmar Ltd today signed a memorandum of understanding with the Andhra Pradesh Government to explore the possibility of putting up a greenfield PVC project near Krishnapatnam. The MoU was signed by the officials of Chemplast Sanmar ... More

Vysya Bank to sell housing arm stake
MUMBAI: The Board of Directors of Vysya Bank Ltd at its meeting held on Tuesday gave in-principle approval for the sale of its 85.91 per cent equity stake in its housing finance subsidiary, Vysya Bank Housing Finance Ltd (VBHF) to Dewan ... More

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