Financial Daily from THE HINDU group of publications
Wednesday, March 12, 2003
Markets (March 11)
BL 2501063.33 (+5.98)
BSE Sensex3154.91 (+29.03)
S&P CNX Nifty1014.55 (+7.85)
Dollar (Buy/Sell)47.61/47.74
Gold Std (10 gm)5585

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Fertiliser price hike rolled back
BOWING to intense pressure from outside as well as from within the ruling alliance, the Finance Minister, Mr Jaswant Singh, today `rolled back' the hike in fertiliser prices proposed in his Budget. The proposal would have effected subsidy savings ... More

IOC seeks to buy less from Reliance Petro — To absorb more from MRPL
INDIAN Oil Corporation (IOC) is combing its agreement with Reliance Petroleum Ltd (RPL) to see if it can reduce the quantity of products it purchases from the refiner so that it can absorb additional capacity from MRPL, which has recently entered ... More

Finance cos return to campus hirings
"Finance has made a comeback this year, with ICICI Bank making 16 offers and American Express Bank making eight offers." More

SCI to pay Rs 3 interim dividend
SHIPPING Corporation of India (SCI) has announced an interim dividend of 30 per cent for the year ended March 31, 2003, the company informed the stock exchanges on Tuesday. The interim dividend was announced due to the new policy regarding tax ... More

Infrastructure project process set in motion
WORK on the Rs 60,000-crore public-private initiative for infrastructure improvement efforts announced in the Budget has started in right earnest with the Government set to invite bids for eight new road projects and refurbishing of two ports - ... More

Textile Ministry seeks changes in Exim Policy
IN the run-up to the modified Export-Import (Exim) Policy for 2003-04 to be unveiled on March 31, the Textile Ministry has pitched for policy-related and procedure-related changes. The Ministry also sought suitable amendment in the duty ... More

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