Financial Daily from THE HINDU group of publications
Friday, January 23, 2004

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Moody's upgrades India's foreign currency ratings
THE international credit rating agency, Moody's Investors Services, has enhanced the `feel good factor' prevailing in the Indian economy, by upgrading the country's rating to Baa3, in two significant rating categories. India's country ceiling ... More

`Cost of borrowing will come down'
THE Finance Ministry has welcomed the upgrade of India's long-term foreign currency rating by Moody's and Fitch, stating that it would bring down the borrowing costs of companies here. "It is a good thing and consistent with what we have ... More

Rumours rock market; Sensex sheds 165 points
IT was roller coaster movement for the stock market on Thursday as stock prices fell for third day in a row. In one of the most volatile day in the history of Indian stock market, BSE Sensex and NSE Nifty lost three per cent, the highest fall ... More

Tata Motors PAT zooms; to pay 40 pc interim
TATA Motors Ltd on Thursday reported a 178.53-per cent rise in profit after tax (PAT) to Rs 210.88 crore for the third quarter ended December 31, 2003, as against the previous corresponding Rs 75.71 crore. Net sales/income from operations was ... More

Ambanis cleared of `insider trading' in L&T-Grasim deal
THE Ambanis have been given a clean chit by the SEBI committee which went into allegations of insider trading in the purchase of shares in Larsen & Toubro and subsequent sale to Grasim Industries in November 2001. "... ..unpublished price ... More

Damodaran set to head IDBI
THE Government is understood to have cleared the appointment of the UTI Chairman, Mr M. Damodaran, as the next Chairman of the Industrial Development Bank of India (IDBI). A notification formalising the appointment is to be issued shortly. An ... More

Talk-time down despite fall in tariffs
DESPITE the drastic reduction in tariffs over the past couple of months, the amount of time customers spend talking on their cell-phones is just not keeping pace with expectations. According to industry sources, although mobile tariffs have hit ... More

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