Financial Daily from THE HINDU group of publications
Wednesday, February 05, 2003
Markets (Feb. 04)
BL 2501102.22 (+0.16)
BSE Sensex3278.13 (-1.70)
S&P CNX Nifty1054.80 (-0.50)
Dollar (Buy/Sell)47.74/47.87
Gold Std(10gm)5915 (+50)

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Telecom PSUs back on divestment board
AFTER months of uncertainty, the disinvestment proposals of telecom behemoths Mahanagar Telephone Nigam Ltd (MTNL) and Bharat Sanchar Nigam Ltd (BSNL) are finally being dusted and updated. In a clear signal that the merger between the two ... More

SEC mulls `expensing stock options' mandatory — Infy, Wipro bottomline may take a hit
While such a practice will bring down the profits, there will be no cash outflow though EPS could be affected which in turn could influence the stock prices in the short term, according to analysts. More

BSES calls EGM on diversification
BSES Ltd, the Mumbai-based power utility company, which has recently become part of the Reliance group, is seeking shareholders' approval to enable the company's future diversifications. The company has called an extraordinary general meeting ... More

Overseas investments still waiting to take off
Retail investors still do not know the specified list of companies, which qualify for their investment. More

Alliance to recover lost ground: Arora
THE first course of action for the US-based Alliance Capital Management, which has reiterated its commitment to the Indian market, will be to recover lost ground, according to Mr Samir Arora, Chief Investment Officer, Indian operation and Head, ... More

Cabinet mum on Govt rights in HPCL post-sale
THE Cabinet has remained silent on the matter of Government enjoying a veto right once the sale of Hindustan Petroleum Corporation Ltd (HPCL) to a strategic partner is concluded. The issue of veto rights or additional powers to the Government ... More

`File trackers' stopped in their tracks
THE corridor of banking power - the Banking Division of the Ministry of Finance - has been wearing a near deserted look for some time now. A recent `goof-up' leading to the short-circuiting of procedures regarding announcement of a ... More

Govt hikes oil royalty Gujarat, Assam to be richer by Rs 400 cr
GUJARAT and Assam have landed a bounty of around Rs 200 crore each this fiscal with the Cabinet today approving a proposal to revise the royalty rate on crude oil from an ad hoc fixed rate of Rs 850 per tonne to an ad valorem rate of 20 per cent. ... More

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In Focus
Kelkar Report
Telecom Competition
Oil PSUs: Disinvestment dilemma
NPAs in Banking
In Depth
Simple Economics
Consumer Notes
Tax Talk
The Brahmananda collections
2002: A drought year
Gold: Still the winner?
Cars: Always a beauty
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