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Sunday, February 16, 2003

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L&T refers cement recast plans to ICRA
THE board of directors of Larsen & Toubro today decided to appoint ICRA Ltd to study both the CDC proposal as well as Grasim's proposal for L&T's cement business, which the company proposes to demerge. The terms of reference for ICRA's study ... More

Reliance stake in BSES rises to 58 pc
AS the second open offer made by Reliance Industries Ltd (RIL) for BSES shares closed on Saturday, RIL's holding in the power company has swelled from 44 per cent to about 58 per cent. The BSES Chairman, Mr Anil Ambani, said a domestic ... More

Forex kitty gains over $1 b in one week
DOLLAR inflows continue unabated pushing the country's forex reserves up by a hefty $1.084 billion to touch $74.667 billion for the week ended February 7, 2003. In the previous week, the accretion to the reserves had seen significantly lower ... More

Blix revives debt market
DEBT market players heaved a sigh of relief as the UN chief weapons inspector, Dr Hans Blix, submitted his report on Iraq. With war now seeming a "distant possibility'', the Indian debt markets staged the much-awaited revival in G-sec prices on ... More

Revenues to the Max as World Cup hots up
SHANE and Jonty's exit from the World Cup may have come as a surprise, but there were just as many surprises off the field, as well. The first four days of the World Cup yielded Rs 45.4 crore in ad revenues for Sony, SET-Max and DD, and boosted ... More

World Cup snips bourses' turnover
IF capturing eyeballs is what broadcasters want, then stock market functionaries did not disappoint them last week. With turnover and volumes down by 20 per cent on both the BSE and NSE, ever since the World Cup began, the Indian stock ... More

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