Financial Daily from THE HINDU group of publications
Thursday, October 09, 2003
Markets (Oct. 8)
BL 2501662.04 (+2.27)
BSE Sensex4634.86 (+1.92)
S&P CNX Nifty1478.60 (+0.75)
US Dollar (Buy/Sell)45.27/45.40
Gold Std (10 gm)5655 (+10)

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Forward premia on dollar hit new lows
FORWARD premia on dollars touched near all-time lows on Wednesday following heavy selling of forward contracts by exporters. Contracts up to four months were on discount. The six-months premia fell by over 60 basis points while the one-year ... More

India entering golden era, says Deutsche exec
"DISCOVER India. Not the India of yore known for its spiritual traditions but `India of the 21st century', a country on the move," said Mr Atal Bihari Vajpayee, Prime Minister, addressing a gathering of businessmen and State heads at the Asean ... More

Boeing dangles savings carrot before IA
THE last has still not been heard on the Rs 10,000-crore 43-aircraft fleet acquisition plan of Indian Airlines (IA). The US-based aircraft manufacturing major, Boeing, has written to Indian Airlines (IA) outlining a saving potential of "several ... More

LIC sole bidder for Harshad's ACC shares?
LIFE Insurance Corporation of India, the largest single shareholder in Associated Cement Companies Ltd with a stake of 16.17 per cent, is believed to be the sole bidder for the 1.63 crore shares in ACC being auctioned by the Custodian appointed ... More

Bull run inflates FIs equity portfolio
THE stock market rally has added about Rs 1,350 crore to the equity portfolio of ICICI Bank, IDBI and IFCI. The broad-based market rally in the last six months has inflated the market value of the equity portfolios of ICICI Bank, IDBI and ... More

SBI goes for fast track promotions
Under current service regulations, SBI officers have to cross nine scales before they reach the Managing Director level — where the appointments are decided by the Government/Ministry of Finance. More

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