Financial Daily from THE HINDU group of publications
Wednesday, May 28, 2003
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Cabinet rejects BSNL financial package — `Concessions through Tenth Plan period not justified'
IN a major setback for telecom behemoth Bharat Sanchar Nigam Ltd (BSNL), the Union Cabinet has rejected the financial package totalling over Rs 23,000 crore, that included full reimbursement of its licence fees and spectrum charges till the year ... More

Tata Engg PAT at Rs 300 cr on higher volumes, recast
TATA Engineering & Locomotive Company Ltd (Tata Engineering) has reported a PAT of Rs 300.11 crore for the year ended March 31, 2003, as against the previous corresponding loss of Rs 53.73 crore. The turnaround was attributed to volume rise, ... More

Hyundai cries foul against two private insurers
IN an unprecedented development, Hyundai Motor has accused two major private insurance companies of unfair practice and plans to take them to court and file a complaint against them with the Insurance Regulatory and Development Authority ... More

TV soaps now turning merchandise
AND soon it may not be Harry Potter, Peanut or The Simpsons on T-shirts or mugs; it could very well be Tulsi with her Saas Bhi Kabhi Bahu Thi family or the Bajaj gharana from Kasautii Zindagi Kay. Obviously taking a cue from ... More

C.S. Rao is new IRDA Chairman
THE Government on Tuesday appointed Revenue Secretary, Mr C.S. Rao, as the next Chairman of the Insurance Regulatory and Development Authority (IRDA). Mr Rao would take over from the present Chairman, Mr N. Rangachary, on June 10. Mr ... More

EC drops dumping process against Moser Baer India
THE European Commission (EC) has terminated anti-dumping proceedings against Moser Baer India Ltd (MBIL) with regard to the manufacturing of recordable compact disks (CD-Rs). "The favourable final conclusion of the dumping investigation, and ... More

RBI reviewing reports on micro-financing
NON-GOVERNMENTAL Organisations will require a minimum capital base and have to follow prudential norms if they are to be sustainable in the micro-finance model, suggests a study on micro-finance commissioned by the Reserve Bank of India. "NGOs ... More

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