The Hindu Business Line : Sunday, December 21, 2003

Forex reserves cross $100-b mark
FOR the first time ever in India's economic history, the country's foreign exchange reserves crossed the $100-billion mark to touch $100.048 billion, the Finance Minister, Mr Jaswant Singh, said today. Over a decade ago, in 1991, India was ... More

Further momentum to reforms, says Jaswant
THE Finance Minister, Mr Jaswant Singh, has said that besides giving a further push to economic reforms, the $100-billion plus foreign exchange reserves would allow Indian companies and financial intermediaries to access foreign currency ... More

`Embarrassment of riches'
REACHING the $100-billion mark in forex reserves is "a very important landmark," according to Mr S. Venkitaramanan. He should know. He was Governor of Reserve Bank of India in 1991, when the country's forex reserves were just enough to cover a ... More

SSI, Scandent to merge IT services to form new entity
SSI Ltd and Scandent Group plan to merge their information technology services business to form a new IT entity. Both the companies will hold equal equity in the new IT services firm, which would have projected annual revenue of $60 million ... More

Oil majors cross-holdings: Sell & gain
IT generated a controversy when it was put through but the cross-holdings story is heading for a happy ending. Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation and Gail (India) Ltd are sitting on potential gains ranging from 235-360 ... More

Stock split norm: How many could have made it?
THE Secondary Market Advisory Committee of the market watchdog SEBI recently suggested that no listed company whose average market price in the previous six months is less than Rs 500 per share be allowed to split the value of its equity ... More

Growth hopes already priced into stocks?
STOCK prices are factoring in a rising trend in the growth of the economy and surging into uncharted territory with combined market capitalisation of all stocks listed on the BSE surging past the Rs 12,00,000-crore mark. What is the required ... More

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