Financial Daily from THE HINDU group of publications
Friday, August 22, 2003
Markets (Aug. 21)
BL 2501463.37 (+14.70)
BSE Sensex4095.39 (+38.79)
S&P CNX Nifty1300.95 (+13.55)
US Dollar (Buy/Sell)45.81/45.94
Gold Std (10 gm)5505

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Colas meet Indian norms: Govt
9 out of 12 brands fall short of EU standards

IT was once again a day for the cola companies to taste the thunder and the consumer to remain as confused as ever. On whether or not soft drinks in the country contained pesticides, the much-awaited statement from the Government on Thursday ... More

The majors get back their fizz — Cause for concern: CSE
THE confusion created by the Union Health Minister, Ms Sushma Swaraj's statement on the pesticide presence in soft drinks was today reflected in the reaction by both the Cola majors and the Centre for Science and Environment (CSE), the ... More

SEBI probing steel share price movements
THE Securities and Exchange Board of India has launched an investigation into the `unusual' price movement of shares of about half dozen steel companies, including that of Steel Authority of India Ltd (SAIL), over the past few days. According ... More

I-T Dept swoops on Escorts for surveys
THE Income-Tax Department sleuths on Thursday swooped down on three offices of Escorts Ltd, to carry out surveys. The surveys were conducted at Escorts head office in Faridabad, its registered office in New Delhi, and the Escorts Heart ... More

FII flows set to hit all-time high
INVESTMENTS by foreign institutional investors (FIIs) in calendar 2003 are set to breach the all-time high of $3.06 billion that came into the Indian markets in 1996. Net FII inflows in 2003 stand at $2.94 billion, just about $100 million shy ... More

Leather garment industry heads to consolidation
A SHARP shrinkage in the annual production cycle may nudge the fragmented leather garment industry towards a round of consolidation. Typically, garment exporters work on a cycle that begins with order placement in February and ends in November. ... More

IOB to price issue at Rs 14 premium
INDIAN Overseas Bank's public issue will be at a premium of Rs 14 per share, it was decided at the bank's board meeting on Thursday. The bank expects to raise Rs 240 crore through the issue, of which Rs 140 crore will go towards the share ... More

Dabba trader's issue: SEBI to refer to NSE
THE Securities and Exchange Board of India (SEBI) will place before the National Stock Exchange the matter of extension of an unauthorised trading terminal by GCM Securities Ltd, an NSE member, to Mr Sunil Kumar Kayan, the member of Calcutta ... More

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