Financial Daily from THE HINDU group of publications
Thursday, December 25, 2003
Markets (Dec. 24)
BL 2502018.84 (+19.63)
BSE Sensex5641.92 (+77.59)
S&P CNX Nifty1808.70 (+28.40)
US Dollar (Buy/Sell)45.53/45.66
Gold Std (10 gm)6125 (+15)

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Licence fee cut in telecom package — Cellular operators assured help to overcome financial problems
THE Government has introduced a fresh package of relief measures for the telecom industry that includes a reduction in the existing revenue-sharing licence fees to the tune of Rs 968 crore annually. This announcement comes even as the private ... More

They may ring together hereafter
WITH the mobile sector now poised for a trail-blazing growth path, both the Cellular Operators Association of India (COAI) and the Association of Basic Telecom Operators (ABTO) who have been at each other's throats for years, are likely to merge ... More

Sterlite okays 1:1 bonus, 3:10 rights
THE board of directors of Sterlite Industries (India) Ltd on Wednesday approved the issue of bonus shares in the ratio of one share for every existing one. Following the bonus issue, the company will also go in for a rights issue in the ratio ... More

Temasek buys 5.2% equity in ICICI Bank
THE Singapore-based investment holding company, Temasek Holdings (Pte) Ltd has acquired 5.2 per cent of the paid-up equity capital of ICICI Bank Ltd from the market. The deal was done through the Tamasek's affiliate, Allamanda Investments Pte ... More

I-T Dept `voids' transfer of shares from Shaw Wallace Breweries to SABMiller
A top-ranking SWC official on the condition of anonymity said the company was preparing to challenge the declaration on both technical and legal counts. More

Air India posts Rs 134-cr net — Operating loss at Rs 189.72 cr in 2002-03
AIDED by an exceptional income arising from exchange rate gains and dividend from a subsidiary, international air carrier Air India has reported a net profit of Rs 133.86 crore during 2002-03. The airline's net profit for 2002-03 has also been ... More

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In Focus
Budget Wish-list
Stocks: Dizzying Heights
Steel Industry in 2003
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
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Vaishnavaite Temples in Tamil Nadu
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Saivite Temples in Tamil Nadu
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In Depth
Insurance Corner
Swati CA
Simple Economics
Tax Talk
NRIs & Investment Avenues
Iraq Diary

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