Financial Daily from THE HINDU group of publications
Wednesday, August 06, 2003
Markets (Aug. 5)
BL 2501356.26 (-18.70)
BSE Sensex3765.82 (-66.68)
S&P CNX Nifty1184.45 (-19.15)
US Dollar (Buy/Sell)46.07/46.20
Gold Std (10 gm)5350 (+10)

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Market's sixth sense at work!
STOCK market players, at least some of them, appear to be quite astute at anticipating corporate events. For example, when promoters of drug maker Lupin Ltd sold a part of their equity stake to Citigroup, the market seemed to have sensed it ... More

Coke, Pepsi contain pesticide residues: Study
IT was the two multinational cola giants — Coca-Cola and Pepsi — who were in the environmentalists' dock today, with the Delhi-based Centre for Science and Environment (CSE) uncorking its study that revealed a `cocktail of pesticide ... More

Moser Baer changes auditors
OPTICAL media maker, Moser Baer India Ltd (MBIL), today said its statutory auditors, S.R. Batliboi & Co, have resigned, a development that pulled down the stock of the company by about 20 per cent. MBIL said its Board of Directors has ... More

Closed user group network — DoT eases norms for pvt telecom operators
THE Department of Telecommunications (DoT) has finally liberalised the norms for closed user group (CUG), allowing private telecom operators to set up such networks for corporate houses without seeking its formal approval. Until now, the ... More

Tata Motors: Engineering a name change and mindset too
IT is a name change being engineered across three plants, 22,000 employees and numerous dealers. The objective: a new corporate image for Tata Motors that makes the exercise as much watched by the market as by Bombay House. The countdown has ... More

Sabre Cap enters mutual fund business, ropes in Samir Arora
SABRE Capital headed by Mr Rana Talwar, former CEO of Standard Chartered Plc, which recently took over Centurion Bank, on Tuesday announced its entry into mutual fund business in India. Sabre has roped in Mr Samir Arora of Alliance Capital to ... More

Herbertsons issue to be resolved in 2-3 weeks
THE Herbertsons issue involving United Breweries Chairman, Mr Vijay Mallya, and Mr Kishore Chhabria is expected to be finally resolved in the next two-three weeks. Mr Mallya is set to take over Mr Chhabria's 43 per cent stake in Herbertsons. ... More

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