Financial Daily from THE HINDU group of publications
Wednesday, July 16, 2003
Markets (July 15)
BL 2501310.03 (-12.01)
BSE Sensex3686.84 (-34.41)
S&P CNX Nifty1159.85 (-11.65)
US Dollar (Buy/Sell)46.10 (46.24)
Gold Std (10 gm)5330 (+65)

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New tax measures to reduce litigation — Jaswant moots tribunal, ombudsman
THE Finance Minister, Mr Jaswant Singh, on Tuesday announced a slew of tax reform measures, aimed at reducing litigation and enabling speedy disposal of pending cases. The setting up of a national tax tribunal (NTT), introduction of 50 ... More

Cable operators reject Rs 72 `honeymoon' package
THE honeymoon may well be over before it starts. The controversy surrounding the implementation of the Conditional Access System (CAS) today only deepened with cable operators stating that they would not offer all the channels at Rs 72 (plus ... More

SBI expects rise in gross NPAs on tougher norms
THE State Bank of India (SBI) expects an increase in its gross NPAs in the near future due to tighter NPA norms. Over the next couple of years, however, SBI hopes to reduce net NPAs by more than half. The RBI guidelines have reduced the ... More

Big cos yet to meet demat requests
SEVERAL index heavyweight companies such as SBI, Reliance Industries, Hindustan Lever and Hindalco are in the list of 200 companies that have highest number of requests to demat their physical shares pending for more than three weeks. The list ... More

New CEO of Jet Airways targets $60-m profit
THE newly appointed Chief Executive Officer of Jet Airways, Mr Wolfgang Prock-Schauer, is looking at taking a number of new initiatives, including making better use of the aircraft, renegotiating rentals for aircraft being leased, entering into ... More

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