Financial Daily from THE HINDU group of publications
Thursday, May 22, 2003
Markets (May 21)
BL 2501097.19 (+5.59)
BSE Sensex3057.09 (-5.83)
S&P CNX Nifty968 (-3.55)
Gold Std (10 gm)5670 (-55)

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SABMiller strikes deal with Shaw Wallace — Acquires 50 pc stake, management control in brewing biz
AFTER 18 months of talks, SABMiller on Wednesday struck a deal to acquire 50 per cent stake and management control of the brewing business of Shaw Wallace & Co Ltd. The acquisition, which was signed in Dubai, is valued at $132.8 ... More

Govt says no to Hutchison Port bid — Security reasons cited for JNPT project
THE Hong Kong-based Hutchison Port Holding has been refused permission by the Indian Government to bid for a container terminal at Jawaharlal Nehru Port Trust (JNPT) for security reasons, port officials confirmed today. Hutchison had responded ... More

`NRI deposits ebbing on strong rupee'
EVEN as the Indian rupee has gained in strength against the dollar in the recent past, the flow of NRI remittances and deposits to Indian banks have wavered and waned. "The response of the Indian NRI to the strengthening rupee was ... More

Strike cripples financial sector
BANKING and insurance appeared to be the only sectors in the city severely affected by the one-day strike called by trade unions across the country protesting the disinvestment policy of the Central Government. Employees and officers owing ... More

Cost-cutting drives Maruti net up 40 pc
INDIA'S largest carmaker Maruti Udyog Ltd on Wednesday announced that its net profit for 2002-03 grew by 40 per cent to Rs 146.4 crore from Rs 104.5 crore in the previous year fuelled by cost-cutting and enhanced productivity. MUL, preparing ... More

Unclaimed funds: AMFI may get regulatory say
THE Securities and Exchange Board of India (SEBI) Advisory Committee on Mutual Funds has decided that all unclaimed funds of the asset management companies (AMCs) that have been wound up should necessarily be transferred to Association of Mutual ... More

Development meet begins in Bangalore
THIS year's Annual Bank Conference on Development Economics (ABCDE) of the World Bank, being held for the first time in a developing country's knowledge-city here, saw a new interpretation as to what constitutes development, even as there are ... More

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