Financial Daily from THE HINDU group of publications
Saturday, February 01, 2003
Markets (Jan. 31)
BL 2501092.19 (+1.40)
BSE Sensex3250.38 (+30.50)
S&P CNX Nifty1041.85 (+7.25)
Dollar (Buy/Sell)47.76/47.89
Gold Std(10gm)5910 (+80)

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Higher sales drive Reliance profits — Our future is in oil, power, infocom: Anil Ambani
A RISE in petrochemical revenues has led to a 24 per cent jump in Reliance Industries Ltd's net profit for the third quarter ended December 31, 2002 at Rs 1,083 crore from Rs 873 crore. The company had an extraordinary income of Rs 358 crore in ... More

Govt targets Rs 800 cr from Maruti IPO
THE Government is looking at a realisation of Rs 700-800 crore from the proposed initial public offering (IPO) in Maruti Udyog Ltd (MUL), expected to hit the market by the middle of March, a senior official said here on Friday. "During the ... More

Dollar depreciation accounts for 17 pc of forex build-up
THE Reserve Bank of India has confirmed that nearly 17 per cent of the accretion to its forex reserves in the current fiscal has been on account of the US dollar's substantial depreciation against other international currencies. According to ... More

ICICI Bank net surges on retail focus — `Ahead of HDFC in home loan portfolio'
ICICI Bank has recorded a net profit of Rs 330 crore for the quarter ended December 31, 2002; the bank has attributed its bottomline growth to replacement of high cost loans as well as a significant growth in its retail business. The company ... More

Petrol, diesel prices up 40 paise
THE consumer will be paying around 40 paise more for every litre of petrol and diesel purchased from Friday midnight . The oil marketing companies have raised the consumer prices of the two mass consumption products owing to the recent spurt in ... More

Is it the end of the road for PCOs?
THE STD-ISD public call offices (PCO) that have crowded the corners of most streets across the country, kick-starting the telecom "revolution" in the mid-eighties, could be history in the next couple of years. Even as the consumers may be ... More

World Cup sponsors allowed to remit forex
THE official sponsors of the ICC Cricket World Cup — LG Electronics, PepsiCo, and Hero Honda — received a shot in the arm with the Supreme Court on Friday lifting all restrictions on sponsors of the World Cup to remit foreign exchange ... More

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Simple Economics
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2002: A drought year
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