Financial Daily from THE HINDU group of publications
Saturday, January 17, 2004

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Sensex drops 250 points in 2 days on `correction'
STOCK market is finally seeing the much-awaited technical correction with the BSE Sensex losing around 250 points in just two trading sessions, the sharpest fall seen in the current bull-run. Heavy selling for the second day continued with BSE ... More

Rs 1 lakh car very much on Tatas' radar
WITH much speculation in the air about the proposed Rs 1 lakh car that Tata Motors is conceptualising and developing, Mr Ratan Tata's comments at the Auto Expo here only added to the raging curiosity levels that has already given the dream car an ... More

Lotte picks up 60.39% in Parrys Confectionery
THE Chennai-based Murugappa group on Friday said that it was selling its 60.39 per cent stake in a group company, Parrys Confectionery Ltd (PCL), to Lotte Confectionery Co Ltd of Korea for Rs 64.47 crore. This works out to a price of Rs 283.12 ... More

Excise duty goes on computer hardware items
THE Finance Ministry has scrapped the 16 per cent excise duty applicable on manufacture of microprocessors for computers (other than motherboards) and storage devices - hard disk drives, floppy disk drives, CD-Rom drives. With this move, ... More

Wipro is biggest wealth creator during 1998-2003: Study
WIPRO, the Bangalore-based IT company, created a total wealth of Rs 24,471 crore to be assessed as the biggest wealth creator between April 1998 and March 2003. During the period, the honour of being the fastest wealth creator went to ... More

Tata Motors unveils new models — Indigo Marina, new version Indica, Indiva MPV and more
Tata Motors has launched a new version of its best selling small car the Indica V2. The new V2 that incorporates a number of external features, including a new headlamp and tail-lamp cluster, and a few interior changes is set to be available ... More

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