Financial Daily from THE HINDU group of publications
Saturday, September 27, 2003
Markets (Sept. 26)
BL 2501553.64 (+22.71)
BSE Sensex4382.57 (+85.42)
S&P CNX Nifty1386.95 (+29.75)
US Dollar (Buy/Sell)45.80/45.93
Gold Std (10 gm)5780 (-90)

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Arbitration against MSEB subsidiary
Dabhol: Mumbai HC restrains GE, Bechtel

THE Mumbai High Court has restrained GE and Bechtel, stakeholders in the Dabhol Power Company, from pursuing an arbitration under the New York Court against the MSEB subsidiary Maharashtra Power Development Corporation Ltd (MPDCL), also a DPC ... More

FII registration falls even as inflows rise
WHILE the number of foreign institutional investors (FIIs) registered with the Securities and Exchange Board of India (SEBI) has come down by 13 to 508 this week, their investment touched a record Rs 3,906 crore so far this month, the highest in ... More

Poor response to CDC open offer for Punjab Tractors
THE open offer by the UK-based private equity investor CDC Capital Partners in Punjab Tractors Ltd (PTL), for an additional 20 per cent stake in the company, has so far generated a slack response, even as the company's stock price has been ... More

Indian Bank set to recover big-time dues this year
A NUMBER of big ticket defaulters of Indian Bank - the Gemini group, MVR Industries, Binny and the HMP group, to name a few - are likely to settle their issues with the bank this year, according to sources. The Gemini group (which has ... More

IT centres are `nearshore' now
Indian IT firms are finding "nearshore" development centres a useful weapon in their arsenal when pitching for orders. In industry parlance, "nearshore" refers to software development centres located outside the clients' country but near ... More

Max to divest stake in arm to HealthScribe
MAX India Ltd on Friday announced its decision to divest its equity stake in the Bangalore-based medical transcription company Max HealthScribe Ltd (MHL), in favour of the US-based joint venture partner HealthScribe Inc. Max's stake of 64.99 ... More

HFCs feel the pinch of rate wars
WITH cut-throat competition from banks in the housing loan market, housing finance companies (HFCs) are on a cautious note. With spreads under pressure, they admit they are not for playing the `rate war'. They believe that the housing loan market ... More

Engineering exports touch $ 7.17 b in 2002-03
THE country's engineering exports have scaled an all- time high of $7.17 billion during 2002-03, surpassing the target of $7.1 billion set during the last financial year, according to Mr Arun Jaitley, Union Minister of Commerce, Industry, Law ... More

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