Financial Daily from THE HINDU group of publications
Tuesday, July 01, 2003
Markets (June 30)
BL 2501289.78 (+7.27)
BSE Sensex3607.13 (+24.07)
S&P CNX Nifty1134.15 (+8.60)
Dollar (Buy/Sell)46.42/46.56
Gold Std (10 gm)5315 (+5)

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Govt looks at options for smoother CAS roll-over
EVEN as there are just 15 days left for the implementation of the Conditional Access System (CAS), it is still very unclear whether the consumer will have to buy a set-top box (STB) to watch his favourite pay channels. While emphasising that ... More

BoP surplus lower by $1.88 b in Jan-March
INDIA's balance of payments surplus was lower by $1.88 billion in the January - March 2003 quarter at $ 4.31 billion, as compared to a surplus of $6.19 billion in the same period the previous year, according to the data released by Reserve Bank ... More

S&P keeps India below investment grade
INTERNATIONAL rating agency Standard & Poor's (S&P) today said that India's mounting public debt that leaves almost nothing of the GDP, is keeping the country's ratings below investment grade and its outlook negative. India had lost its ... More

RBI one-time settlement schemes fail — Little response from target categories
THE Reserve Bank of India devised one-time settlement (OTS) schemes are turning out to be major flop shows. Latest figures available with the Government and the RBI on the public sector banks' (PSBs) performance on the OTS front shows that while ... More

India to adopt global norms for compiling FDI inflows
WITH the Union Government shedding its "conservative approach" in compilation, the data on foreign direct investment (FDI) into India will, henceforth, look far rosier than ever before. In its efforts to bring the FDI data reporting system ... More

ICICI Lombard plans weather insurance
ICICI Lombard is in the process of structuring a weather insurance product for the country's agricultural sector and is in talks with the India Meteorological Department (IMD) for a data sharing arrangement. Weather Index Insurance, the ... More

SAP plans to double staff over 3 years
BUSINESS software maker SAP AG plans to double the number of employees in India over next three years from the current level of close to 1,000, the Chairman and Chief Executive Officer, Dr Henning Kagermann, has said. Such hiring efforts could be ... More

New Secy for disinvestment
IN a major reshuffle of Secretaries, the Government today appointed Mr Dhirendra Singh, as the new Disinvestment Secretary in place of Mr S.S. Meenakshi Sundaram. Mr Singh was Special Secretary (Procurement), Ministry of Defence. Mr Meenakshi ... More

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