Financial Daily from THE HINDU group of publications
Wednesday, November 19, 2003
Markets (Nov. 18)
BL 2501747.81 (-14.16)
BSE Sensex4891.13 (-49.10)
S&P CNX Nifty1564.40 (-15.50)
US Dollar (Buy/Sell)45.57/45.71
Gold Std (10 gm)5880 (-30)

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Cos ride market boom with preferential issues
WITH the stock market booming, several companies have lined up preferential issues of shares, mostly at a price below that of the market. In November alone, 11 companies have either announced plans to issue shares on preferential basis or have ... More

IT sector to come under Contract Labour Act
SERVICES in the information technology (IT) and IT-related sectors are being brought under the ambit of the Contract Labour Act along with 12 other sectors identified by the Government for this purpose. Currently IT and related sectors employ ... More

At IDBI Bank, they're now less averse to merger
THE resistance to a merger with IDBI may be slowly fading within the rank and file of IDBI Bank. In fact, it could be an altogether different ending this time should a fresh proposal for merger be mooted by IDBI in the days to come. With its ... More

Safer home: `Float over to fixed rate'
WITH alluring home loan offers in the market, many bankers now advocate and would personally choose a fixed rate loan over a floating rate one. However, 90 per cent of the existing housing loans in India have been disbursed at floating rates ... More

BPCL in talks with Reliance for gas retailing
THE success of compressed natural gas (CNG) in Mumbai and Delhi has led Bharat Petroleum Corporation Ltd to intensify its focus on gas retailing. The company, which has been supplying CNG in Delhi through its joint venture with GAIL (India) ... More

Airlines take to open skies
IF you were planning a holiday abroad during the winter season and were worried you may not get air tickets, don't lose any sleep over it. The decision of the Government to follow an open sky policy for a three-month period from December this ... More

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