Financial Daily from THE HINDU group of publications
Thursday, July 10, 2003
Markets (July 9)
BL 2501298.19 (-10.49)
BSE Sensex3620.79 (-8.89)
S&P CNX Nifty1141.05 (-4.85)
Dollar (Buy/Sell)46.19/46.32
Gold Std (10 gm)5300 (-10)

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Maruti debuts at 35 pc premium — Listing sends positive signals on sell-off
TWO decades after rolling out what went on to become the country's most loved car, Maruti Udyog Ltd (MUL) listed its shares on the stock exchanges on Wednesday and immediately rode up to trade at a premium of nearly 35 per cent to its issue price ... More

Maruti: A rough ride for some shareholders?
Doubts are being raised over the scrip's first day's performance as a significant section investors has not received their shares as yet, although the basis of allotment was finalised on July 4. More

Lupin promoters to sell 12.5% stake to Newbridge
CLOSE on the heels of a placement with Citigroup, the promoter of pharma major Lupin Ltd, Dr Desh Bandhu Gupta, today announced his intention to sell nearly five million shares amounting to 12.55 per cent of Lupin's equity at Rs 252 per share to ... More

Sicom selling stake in Welspun-Gujarat
SICOM Ltd, the industrial finance company owned by the Maharashtra Government, is understood to be gradually selling its stake in Welspun-Gujarat Stahl Rohren Ltd. The company is currently in the market to offload its 4.3 per cent stake in ... More

Maruti Udyog has vindicated our conviction: Shourie
THE overwhelming response to the initial public offer (IPO) of Maruti Udyog Ltd proves that the markets favour the sale of Government companies through the strategic sale route, according to the Disinvestment Minister, Mr Arun Shourie. The Maruti ... More

DoT pulls up BSNL for denying interconnection
THE Department of Telecommunications (DoT) has reprimanded Bharat Sanchar Nigam Ltd (BSNL) for declining to provide timely interconnection to international long-distance (ILD) operators in contravention of the licence agreement. According to ... More

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