Financial Daily from THE HINDU group of publications
Tuesday, August 12, 2003
Markets (Aug. 11)
BL 2501437.63 (+21.14)
BSE Sensex3893.41 (+9.65)
S&P CNX Nifty1232.85 (+10.20)
US Dollar (Buy/Sell)45.90/46.03
Gold Std (10 gm)5435 (+25)

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`India can meet IT manpower demand'
EVER since reports poured in about millions of jobs moving to India in the next 5-10 years, coupled with the now famous forecast of McKinsey on the need to create 2.2 million jobs in the IT industry by 2008, questions are raised whether the ... More

IDBI to retain present focus even as bank — Cabinet clears changes to Bill
INDUSTRIAL Development Bank of India (IDBI) would not lose the development financial institution character even after its proposed conversion into a bank. The Union Cabinet today cleared several amendments to the IDBI Bill that would, among ... More

Delhi HC gives Govt three weeks to test Pepsi samples
THE Delhi High Court on Monday asked the Government to test soft-drink samples of PepsiCo India and submit the results in three weeks. The court's order was in response to a petition by PepsiCo late last week, asking the court to direct the ... More

27 feared dead in ONGC copter crash
TWENTYSEVEN of the 29 passengers on board a helicopter transporting ONGC employees are feared dead in a crash. There were two survivors. Three bodies, including that of the pilot, were recovered. The rest are missing, and informed sources say ... More

A graded system for dividend payout?
THIS may raise many an eyebrow in corporate India. The Institute of Chartered Accountants of India's committee on financial markets and investor protection is mulling a proposal that would, if implemented, require profit-making companies to make ... More

Market proves predictions wrong
THE debarring of Mr Samir Arora of Alliance Mutual Fund from the securities market did not have any impact on the stock market on Monday. Even the select stocks, considered to be Mr Arora's favourites, also failed to react sharply, as feared by a ... More

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