Financial Daily from THE HINDU group of publications
Friday, April 18, 2003
Markets (April 17)
BL 2501009.19 (-14.66)
BSE Sensex2984.50 (-47.82)
S&P CNX Nifty940.70 (-17.95)
Dollar (Buy/Sell)47.31/47.44
Gold Std (10 gm)5165 (+25)

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Wipro net drops despite strong revenue growth
WIPRO Ltd's net profit for 2002-03 slipped by seven per cent to Rs 820.5 crore but revenues were up 24.2 per cent at Rs 4,338.3 crore. The company has announced a dividend of Re 1 per share (50 per cent on face value of Rs 2). Net earnings for ... More

Strike continues as talks fail
THE first round of conciliatory talks held here on Thursday between the Government and the striking transporters failed to make any substantive progress on finding a solution to the indefinite strike launched by the All-India Motor Transport ... More

Techs disappoint market yet again
THE technology sector disappointed the markets once again today with Wipro announcing `below expectations' results leading to a fall of 47.82 points in the BSE Sensex, which ended below the 3000 level at 2984.50, and a decline of a 17.95 points ... More

India has its first case of SARS — Are our transit points safe enough?
INDIA today reported its first Severe Acute Respiratory Syndrome (SARS) victim, a 32-year-old marine engineer who reached Mumbai after travelling through Hong Kong and Singapore. The quick reaction time of the Health Ministry's machinery ... More

Bhagwati to probe withdrawals, says ICICI Bank
ICICI Bank has appointed a one - man committee to inquire into the origin of the recent spate of heavy withdrawals experienced by it in Gujarat and Mumbai. According to the bank, former Chief Justice of India, Mr Justice P.N. Bhagwati, has ... More

Dabhol's foreign lenders file arbitration notice against Indian FIs
OFFSHORE lenders to the Dabhol power project on Thursday filed an arbitration notice in London against their Indian counterparts led by the Industrial Development Bank of India (IDBI) to settle differences on the failed power project. The notice ... More

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Run-up to Budget
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Budget 2003-04
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