Financial Daily from THE HINDU group of publications
Wednesday, June 11, 2003
Markets (June 10)
BL 2501184.64 (-22.18)
BSE Sensex3289.55 (-47.76)
S&P CNX Nifty1037.80 (-14.30)
Dollar (Buy/Sell)46.77/46.90
Gold Std (10 gm)5580 (-50)

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Share in Govt pie only for FI-backed banks — Safeguards, eligibility criteria being finalised
THE Reserve Bank of India is likely to allow only the new generation private sector banks promoted by financial institutions to handle Government business, including tax collection, pension disbursement and other expenditure ... More

Rupee hits 26-month high
HEAVY dollar inflows helped the rupee gain 12 paise to touch a 26- month-high in its value against the dollar to close at 46.76/77 on Tuesday in the local currency markets. The rupee had closed at 46.88/89 on Monday. The rupee was last seen at ... More

Sensex down 48 points on heavy selling
THE much-awaited correction in the stock prices was seen on Tuesday as there was across the board selling, pushing down the benchmark indices. The statement from the Finance Minister, Mr Jaswant Singh, on SEBI's probe into bank stocks' ... More

Pricing: Channels get more time
THE Government seems to have softened its stand and given broadcasters some more time to spell out clearly their pricing strategy. At a meeting on Tuesday between the officials of the Information and Broadcasting (I&B) Ministry and ... More

TRAI likely to dump BSNL estimates — Cost study mandate may go to IDFC
THE Telecom Regulatory Authority of India (TRAI) may stop relying on the cost estimates provided by Bharat Sanchar Nigam Ltd (BSNL) for the revised Interconnection Usage Charges (IUC) that it is working on. The move is intended to set right the ... More

Better watch out for birds over fields
THE absence of house sparrows in different parts of Andhra Pradesh and Kerala and their decreasing population elsewhere, the disappearance of vultures and the reduction in the population of house crows and baya birds may be due to the residual ... More

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