Financial Daily from THE HINDU group of publications
Saturday, January 24, 2004

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Sensex gains 223 as market recoups
AFTER three days of continuous fall, the stock market bounced back on Friday on the back of technical correction and clarification by the Securities and Exchange Board of India (SEBI) on Participatory Notes (PNs). International rating agency ... More

Participatory notes only to registered bodies from Feb 3 — Five-year grace period for existing ones
Investment through PNs is Rs 21,179 crore or 25 per cent of the total FII investment of Rs 84,762 crore till November 2003. More

Coking coal flow halts; steel majors in a fix
STATE-OWNED steel producers, Steel Authority of India Ltd (SAIL) and Rashtriya Ispat Nigam Ltd (RINL), are facing an acute shortage of coking coal with two Australian companies backing out from supplying the feedstock. "At a time when the steel ... More

Small cars drive up Maruti net to Rs 141 cr in Q3
MARUTI Udyog Ltd today said its net profit in the third quarter of the fiscal nearly tripled on higher sales of its compact cars and one-time gains. Net profit of Maruti in the quarter ended December 31, 2003 stood at Rs 140.75 crore compared ... More

Retail investors caught in MF distribution spin
THE current incentive structure encourages mutual fund distributors to hardsell mutual fund plans even when they do not fit the customer profile, leading brokers in the country admit privately. "It has become quite common for distributors to ... More

Pawan Hans set for poll bonanza
WITH the scent of general elections in the air, the state-owned helicopter operator, Pawan Hans Helicopter Ltd is being wooed by almost all political parties. Official sources told Business Line that till date five political parties and ... More

ADB picks up 5.2 pc stake in Petronet LNG
ASIAN Development Bank (ADB) has signed an agreement to pick up 5.2 per cent equity in Petronet LNG Ltd. ADB has been involved in the Dahej LNG terminal from the inception stage and has provided assistance in preparation of the detailed ... More

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