Financial Daily from THE HINDU group of publications
Wednesday, January 29, 2003
Markets (Jan. 28)
BL 2501097.36 (+8.23)
BSE Sensex3267.84 (+20.13)
S&P CNX Nifty1046.20 (+8.55)
Dollar (Buy/Sell)47.85/47.98
Gold Std(10gm)5880 (-80)

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Shares to NRI kin gift-wrapped — Annual limit pegged at Rs 10 lakh per company
THE Government has decided to permit transfer of Indian equity to non-resident Indians by way of gifts on non-repatriation basis to close relatives with an annual limit of Rs 10 lakh per company. This major policy shift could have far-reaching ... More

Basic phone operators can charge less — TRAI tariff order only a `standard' package
FOUR-crore landline subscribers who feel badgered by the recent directive issued by Telecom Regulatory Authority of India (TRAI) hiking rentals and tariffs post-April have some hope left. The basic service operators are not tied to the tariff ... More

Grasim offers `alternative proposal' to L&T
THE much-talked-about "alternative proposal" from Grasim for the cement business of Larsen & Toubro is being submitted to L&T. Snatches of the proposal have been circulating for some time in industry circles now. The decision to submit the ... More

Govt filing caveat for smooth HPCL, BPCL sell-off
THE Government on Tuesday started the process of filing caveats in the Supreme Court and three high courts to ward off all legal challenges from creating hurdles in the process of privatising oil PSUs, HPCL and BPCL. Caveats are being filed in ... More

LIC may relaunch Jeevan Sneha
THE Life Insurance Corporation is likely to reintroduce shortly the `Jeevan Sneha' policy which is one of the several assured returns schemes it had withdrawn from the market a year ago. Sources said, LIC has already applied to the Insurance ... More

HLL plans to enter network marketing
HINDUSTAN Lever Network is the name of the FMCG major's network marketing initiative, through which the company hopes to deliver a range of mirror image products in its existing categories. "We need to be present in all channels. And we see ... More

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