Financial Daily from THE HINDU group of publications
Thursday, June 12, 2003
Markets (June 11)
BL 2501191.02 (+6.38)
BSE Sensex3314.60 (+25.05)
S&P CNX Nifty1044.10 (+6.30)
Dollar (Buy/Sell)46.66/46.79
Gold Std (10 gm)5490 (-90)

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`No threat as of now to outsourcing' — Govt will fight curbs, asserts Shourie
THE Government is determined to counter the moves of the US, Germany and other European countries to restrict outsourcing of IT services to India, according to the Union Communications & IT Minister, Mr Arun Shourie. He was addressing a press ... More

Syndication norms eased for newspapers
THE Government has decided to allow registered Indian newspapers to enter into syndication arrangements with foreign newspapers using the automatic route upon fulfilment of certain conditions. Currently, Indian publications could enter into ... More

Discount pricing to bait TV viewers?
IF you thought that buying a set-top box (STB) to watch pay channels would put an end to frequent price changes, then you could be in for a shock. For, the proposals being considered by broadcasters could well be a case of first dangling the ... More

Four companies shortlisted for SCI stake
THE Disinvestment Ministry has pre-qualified four bidders including Essar group, Sterlite and Videocon for acquiring a controlling stake of 51 per cent in Shipping Corporation of India (SCI). All the four bids, including one from a foreign ... More

Narayan moves over to PMO — D.C. Gupta is Finance Secy
THE Government has appointed the Finance Secretary, Dr S. Narayan, as Secretary in the Prime Minister's Office (PMO). Dr Narayan will formally assume charge after June 30, when he is due for superannuation. Official sources confirmed that ... More

Bank of Punjab surges on takeover talk
BANK of Punjab touched a new high on the bourses on Wednesday, posting record volumes on the back of speculation that Scotiabank of Canada is acquiring a strategic stake in it. Hectic trading at the bank's counter drove the share price up 11.75 ... More

PepsiCo hives off non-cola business
THERE'S a new fizz at PepsiCo. In a significant restructuring exercise, PepsiCo India Holdings has split its soft drinks and other beverages businesses into two separate units. Under the new business structure, PepsiCo's 100 per cent juices, ... More

Most Netizen-kids get `offending' spam
MORE than 80 per cent of children who use e-mail receive inappropriate spam on a daily basis, according to a survey by Symantec Corporation. In addition, half the kids surveyed reported feeling uncomfortable and offended when seeing improper ... More

Lazard CEO, two top executives quit
THREE senior executives, including the CEO, of investment adviser, Lazard India, have resigned from the company, apparently to pursue individual goals. The investment banker is one of the top advisers to the Government on its disinvestment ... More

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