Financial Daily from THE HINDU group of publications
Thursday, November 13, 2003
Markets (Nov. 12)
BL 2501797.61 (+4.47)
BSE Sensex5005.77 (-24.87)
S&P CNX Nifty1603.80 (+2.65)
US Dollar (Buy/Sell)45.31/45.44
Gold Std (10 gm)5775 (+20)

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Norms tightened for external borrowings — End-use conditions read tough
THE Government has imposed stricter conditions for corporates to mobilise funds through the external commercial borrowings route. In the latest revision to its ECB policy, the Finance Ministry has prescribed lower caps {relative to six-month ... More

Manufacturing aids industry post 6.5 pc growth in Sept
INDUSTRY continues to exhibit buoyant growth performance, with the Index of Industrial Production registering a year-on-year increase of 6.5 per cent during September. Quick estimates of the index, released by the Central Statistical ... More

Used photocopiers, ACs, gensets can't be imported under EPCG
SECOND-hand photocopier machines, air-conditioners and diesel generating sets cannot be imported under the export promotion capital goods (EPCG) scheme even if such equipment are less than 10 years old, the Directorate General of Foreign Trade ... More

Nicholas Piramal quits pharma alliance
FIRST it was Cipla and now it's the turn of Nicholas Piramal India Ltd (NIPL) to opt out of the Indian Pharmaceutical Alliance (IPA), a platform that was the brainchild of Ranbaxy promoter the late Parvinder Singh. The development comes even ... More

Corporates yet to heed RBI advice on hedging exposures
REPEATED warnings from the Reserve Bank of India notwithstanding, corporates are still not hedging their foreign currency exposures, according to bankers. While the RBI alerted corporates about the inherent risk of sitting on huge unhedged ... More

Fallout of new guidelines on unified licensing — DoT revises upwards Reliance Info penalty
RELIANCE Infocomm may have to fork out a penalty of over Rs 530 crore for providing multiple registration and call forwarding facilities to its limited mobility (WLL) subscribers, instead of Rs 485 crore as recommended by the Telecom Regulatory ... More

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