Financial Daily from THE HINDU group of publications
Tuesday, June 17, 2003
Markets (June 16)
BL 2501208.74 (-2.26)
BSE Sensex3336.64 (-17.50)
S&P CNX Nifty1051.80 (-4.40)
Dollar (Buy/Sell)46.62/46.75
Gold Std (10 gm)5530 (+40)

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Reliance package for shareholders — Offers discounts on mobile phone connections
RELIANCE Industries Ltd is targeting a whole new set of customers for its Reliance IndiaMobile services — 3.3 million Reliance shareholders. Mr Mukesh Ambani, Chairman and Managing Director, Reliance Industries, on Monday offered ... More

Rs 1,500 cr to be spent on exploration
ENCOURAGED by the recent gas and oil finds, Reliance Industries Ltd would be making fresh investments to the tune of Rs 1,500 crore ($300 million) in exploration over the next two years. Announcing this at the company's AGM here today, Mr ... More

L&T: Grasim strikes deal with FIs?
LARSEN & Toubro raider Grasim Industries is understood to have struck a tentative deal with financial institutions, which hold a vital 40 per cent equity of L&T, to vertically split the engineering and cement major and acquire their holding in ... More

`Open sky' for two more years
IN a move aimed at benefiting both international airlines and air travellers, the Ministry of Civil Aviation intends to extend the limited "open sky" policy during the peak travel season for the next two years. Official sources told Business ... More

Rural telephony: DoT sets June, Dec deadline
Telecom companies preferred to pay penalties instead of rolling out services in the unremunerative areas as it would entail huge expenditures for them. More

Meet on pricing of channels tomorrow
THE broadcasters and multi-system operators are expected to meet officials in the Information and Broadcasting (I&B) Ministry on June 18 to finalise the pricing of various channels. Sources in the Ministry said that there were several issues ... More

Sugar-free confectionery coming soon?
AFTER sugar-free soft drinks and flavoured water, it's now sugar-free confectionery and bakery products that could well become a reality in India. The production of sugar-free confectionery, gaining increasing popularity in developed markets, ... More

Wanna job? Call centre with the right `accent'
IT was one of those interviews for a call centre job. The pay - Rs 8,000 per month. And the educational qualifications were not demanding - a graduation in any discipline was preferred but not insisted upon. Those with a 12th Standard pass ... More

RBI to inspect bank chests
THE Reserve Bank of India is to shortly start inspection of currency chests of various banks, including State Bank of India, to detect soiled notes in stapled condition. The inspection follows the report that several banks, instead of remitting ... More

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