Financial Daily from THE HINDU group of publications
Wednesday, December 03, 2003
Markets (Dec. 2)
BL 2501826.84 (-0.38)
BSE Sensex5186.08 (+25.23)
S&P CNX Nifty1658.50 (+0.85)
US Dollar (Buy/Sell)45.66/45.79
Gold Std (10 gm)6030 (+25)

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HSBC picks up 20 pc stake in UTI Bank
A DAY after its CEO-designate expressed interest in picking up minority stake in Indian banks, HSBC today agreed to buy 20.08 per cent stake in UTI Bank from private equity firm, CDC Capital Partners, at around Rs 90 per share. While sources at ... More

Managing excess liquidity — RBI moots stabilisation fund, standing deposit facility
THE Reserve Bank of India has made two suggestions to manage the excess liquidity in the system in the absence of adequate volume of Government securities to undertake "sterilisation" operations. These are creating a market stabilisation fund ... More

Mashelkar panel favours centralised drug licensing
IN what is being termed as "radical" by the pharmaceutical industry, the final report of the Mashelkar Committee looking into the drug regulatory issues and spurious drugs has proposed the elevation of the Central Drugs Standard Control ... More

April-Oct trade deficit zooms
EXPORTS registered a modest growth of 5.07 per cent in dollar terms but imports shot up by 23 per cent in October, according to the latest official figures. Cumulatively too, export growth during the April-October period was up by 8.44 per cent ... More

WTO panel upholds India stand on EC preference scheme
A WTO dispute settlement panel has upheld India's contention that the European Community (EC) has violated its WTO obligations in granting tariff preferences to 12 countries under the `Drug Arrangements' window of its Generalised System of ... More

Cabinet panel okays PowerGrid proposal
THE Cabinet Committee on Economic Affairs (CCEA) today approved a proposal of Power Grid Corporation of India Ltd to set up the power evacuation system for National Thermal Power Corporation's proposed 1980 MW Seepat power project. The ... More

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Top Stories
Bengal SEZ Bill not to allow strikes

Y&R tool looks to make market research dynamic

Sugar production seen lower by 20 lakh t — May dip further in long term

Falling prices push cement majors to cut production

Govt plans green channel for law-abiding exporters

Upward march continues after yo-yoing

In Focus
Outsourcing backlash
Stamp paper scam
Housing finance scenario
Insurance Round-up — 2003
Organic farming
The Cable tangle
Telecom Competition
Oil PSUs: Disinvestment dilemma
Rising intolerance
(The Hindu)
Vaishnavaite Temples in Tamil Nadu
(The Hindu)
Saivite Temples in Tamil Nadu
(The Hindu)

In Depth
Insurance Corner
Swati CA
Simple Economics
Tax Talk
NRIs & Investment Avenues
Iraq Diary

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