Financial Daily from THE HINDU group of publications
Friday, August 01, 2003
Markets (July 31)
BL 2501339.76 (+0.99)
BSE Sensex3792.61 (+12.19)
S&P CNX Nifty1185.85 (+2.85)
US Dollar (Buy/Sell)46.09/46.22
Gold Std (10 gm)5440

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Priced at $49 Infy's ADS opens in style on Nasdaq
INFOSYS Technologies kicked off its sponsored American Depository Shares (ADS) at $49 per ADS on the Nasdaq, a $10 premium over today's closing price of Rs 3,593.30 at the Bombay Stock Exchange. The ADS were trading at $52.01, up 2.01 per cent ... More

Reliance Q1 net rises 20 pc at Rs 1,104 cr
RELIANCE Industries Ltd has reported a 20.26 per cent jump in net profit for the first quarter ended June 30, 2003 to Rs 1,104 crore (Rs 918 crore). The company said profits were higher because of better sales volumes, including exports, and ... More

HLL PAT up; to pay Rs 2.5 interim
HINDUSTAN Lever Ltd today reported a 12.6 per cent rise in profit after tax, before exceptional items, to Rs 450.93 crore for the quarter ended June 30, 2003 (Q2), as against previous corresponding Rs 400.47 crore. The board has proposed an ... More

TRAI allows basic operators to offer SMS
THE Telecom Regulatory Authority of India (TRAI) has stated that basic service providers, including limited mobility (WLL), are allowed to offer the facility of short messaging service (SMS) to their subscribers. In a letter written to all the ... More

Panel moots `secured' status for public deposits in cos
PUTTING your money in public deposits of companies might become a much safer avenue of investment than at present. In the backdrop of rising incidence of defaults by companies on this front, a high-level committee set up by the Department of ... More

Air travel to Europe, US to cost more
INTERNATIONAL airlines, including Air India and British Airways, on Thursday raised their first and business class fares for travel from India to the US, the UK, Canada and Europe by 30 per cent. The new increased fares come into effect from ... More

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