Financial Daily from THE HINDU group of publications
Tuesday, August 26, 2003
Markets (Aug. 25)
BL 2501429.79 (-44.50)
BSE Sensex4004.63 (-120.49)
S&P CNX Nifty1271.10 (-40.05)
US Dollar (Buy/Sell)45.85/46.00

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Social equity can't be left to market forces: Analyst
Without a clear policy of affirmative action to spread resulting wealth, the profitability of a rapidly expanding software industry will do little to alleviate the poverty of the surrounding areas. More

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    CII asks valve units to work in unison to beat competition
    THOUGH the domestic valve industry has come a long way from making simple valves to producing a wide range of sophisticated ones, displaying a growth rate of 10-15 per cent in value terms, the Confederation of Indian Industry (CII) feels that the ... More


    `Use Guyana as window to Latam market'
    IN a bid to woo Indian investment into Guyana, Mr Bharrat Jagdeo, President of the Republic of Guyana, has emphasised that Guyana can act as a gateway for Indian products to South and Latin America. He said if the companies were to locate in ... More


    Tyre supplied to replacement market — Panel urges Govt to peg duty at 16%
    If this panel recommendation were to be accepted by the Government, truck owners could be a key beneficiary of such a reduction. More


    Bomb blasts shatter Mumbai; 43 dead
    AT least 43 persons were killed and 140 injured in two powerful bomb explosions in South Mumbai on Monday, at Gateway of India and Zaveri Bazaar. Both bombs placed inside taxi boots went off a little while after 1 p.m., police officials said. ... More

    Markets tremble, Sensex down 120 points
    THE two bomb blasts in Mumbai today rocked trading on the equities, currency and bond markets, sharply shearing gains made over the last few weeks. Bringing back memories of the 1993 serial blasts, players panicked as news of the first bomb ... More

    `Terror cover would have aided them'
    MOST of the traders near the temple of Mumba Devi, whose shops were damaged in today's blast, may not enjoy any insurance benefits. Shop insurance does not necessarily cover bomb attacks, say officials at insurance companies. Officials of ... More

    Blast rocks commodities markets
    A POWERFUL bomb blast, just a few minutes after the first on Monday afternoon, ripped through one of Mumbai's oldest and largest commodities markets located on Yusuf Meher Ali Road, flanked by the Mumbadevi temple and Abdul Rehman Street. The ... More

    Heart-wrenching scenes at the hospital
    A PUNGENT smell of charred flesh and clotting blood permeated the air at J.J. Hospital. For about an hour, this afternoon, it seemed the stream of dead being rolled into the lobby in one of Mumbai's largest municipal hospitals would never stop. ... More

    Festival sales unlikely to be hit, feel retailers
    UNTIL this morning, consumer durables manufacturers and retailers were upbeat about the festive season: a good monsoon, the buoyant markets and a thaw in Indo-Pak relations were all credited with expectations for a strong buying ... More

    Next 24 hours a test, says Taj Hotel
    NOT far from G. Alfanso, debris swept into a drain on the road near the Taj Mahal Hotel and Gateway of India and appeared a metaphor for questions raised by today's bomb blast. A pile of dust, glass pieces, a tricolour and a dead pigeon. ... More

    Mobile networks jammed
    ALMOST all mobile networks in Mumbai - both cellular as well as WLL - were jammed for a couple of hours today as both call and SMS volumes shot through the roof in the immediate aftermath of the bomb explosions that rocked the city ... More

    Visitors' entry banned at airport
    THE entry of visitors to the domestic and international terminals at the Chhatrapati Shivaji airport here has been banned following the twin bomb explosions that rocked the city this morning. According to Mr Sudhir Kumar, Director, Airports ... More


    CAS off in Delhi, on in other metros
    BUCKLING under political compulsions, the Government today decided to put off the implementation of the conditional access system (CAS) in Delhi till after the elections, while the rollout would proceed as per schedule in the other three metros ... More

    FICCI debating independent regulator for broadcasting
    "It is widely felt that the current regulatory framework may not be able to grapple with the complex issues that are likely to arise due to CAS and DTH. Hence the need for an independent regulatory authority for the broadcasting sector is being debat ed." More


    Dilip Chhabria to design prototype for global car brands
    INDIA'S leading automobile designer, Mr Dilip Chhabria, is currently in the process of developing designs and prototypes for five new international projects. According to Mr Chhabria, his company, DC Design, has tied up with two international ... More


    US tightens norms for processed food imports
    THE processed food exporters from India to the US should no longer be content with merely shipping their consignments as the US Food and Drug Administration (FDA) has now mandated that foreign and domestic units that manufacture, process, pack or ... More


    HPCL due diligence may have to wait for SC verdict
    THE due diligence process for privatisation of Hindustan Petroleum Corporation Ltd (HPCL) is likely to await a possible verdict of the Supreme Court on September 1 on a petition challenging the privatisation process sans the Parliament's ... More


    CII tells Govt to say no to WTO investment talks
    THE Confederation of Indian Industry (CII) on Monday told the Government that the latter should not agree at the Cancun Ministerial Conference of the World Trade Organisation (WTO) to enter into any form of future negotiations on ... More

    Common corporate laws in post-WTO era likely: ICSI chief
    THERE is all likelihood of having uniform corporate laws worldwide in a span of 10 years, according to Mr Pavan Kumar Vijay, President of the Institute of Company Secretaries of India (ICSI). With the globalisation of business, Mr Vijay ... More


    Minister calls for vocational training to child labourers
    THE State Government will soon bring out a comprehensive legislation to eradicate child labour. "The Government is looking at a meaningful way to end child labour. After the completion of ten years of schooling, children should be able to stand ... More


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    Top Stories
    On the economics of media diversity

    PSBs oppose freeing of SB rate

    US tightens norms for processed food imports

    NCDEX mulls new ways to attract farmers

    Tyre supplied to replacement market — Panel urges Govt to peg duty at 16%

    In Focus
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    Looking back
    Aug. 17-Aug. 23
    Pharma industry growth the unsung story, says Jaitley

    Petro product pricing dispute unresolved

    Chandrayaan to herald ISRO's planetary pursuits

    Plan panel charts large-scale bio-fuel production plan

    `Further cut in infrastructure finance cost vital for growth'

    Govt unveils credit package for small sector — Rates on SFC loans lowered; interest deferral for SIDBI

    Micro-credit: Postal dept, banks in talks

    Cow slaughter ban feared to bring down leather exports by $700 m

    Electrical industry brightens up in Q1

    MFs to devise schemes to lure PF monies

    ITA sees output up a tad; exports, imports projected to dip

    Opinion divided over noose for fake drug manufacturers

    Rare earth minerals export on `free' list

    Bangla buys sugar from UP, Haryana mills

    Indian publishing industry on a global trail

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