Financial Daily from THE HINDU group of publications
Friday, January 30, 2004

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Pension players: Govt to guard against mid-course failure
THE Government is not willing to take any chances with the pension wealth of subscribers. As part of the ongoing pension reforms, the Ministry of Finance is working on plans to plug all possibilities of any mid-course failure of pension fund ... More

SAIL clocks record profit of Rs 1,498 cr in Apr-Dec
RISING steel prices, in tune with the international market, and internal economies have enabled Steel Authority of India Ltd (SAIL) log a record net profit of Rs 1,498 crore on a turnover of Rs 16,934 crore in the first nine months of the current ... More

Reliance Q3 net profit rises 27 pc on better margins
BETTER margins in petrochemicals and refining helped Reliance Industries report a 27 per cent rise in net profit for the third quarter ended December 31, 2003. Net profit rose to Rs 1,374 crore against Rs 1,083 crore previously or earnings of ... More

RIL sees Rs 30,000-cr cash flow in 3 years
THE Reliance group today said that it would have cash flow of Rs 30,000 crore from various operations in the next three years. The group is also open for acquisition globally from the cash generated. The cash flow would be from the ... More

Average salaries to grow 12 pc this year, says Hewitt survey
In 2004, the non-bank finance companies (NBFCs) are expected to dole out the maximum salary hikes at 14.7 per cent, followed by software development at 14.5 per cent, and entertainment and media companies at 14.2 per cent. More

PSBs' profit growth slowing
THERE has been a noticeable slowdown in the profit growth of public sector banks for the third quarter ended December 2003. Profits of 13 public sector banks, for whom results are available, showed a 15 per cent growth over the corresponding ... More

Govt prepays Rs 1,350-cr ODA loans to Canada
THE Government has prepaid Rs 1,350 crore worth of Official Development Assistance (ODA) loans to Canada. With this, the total amount of external loans prematurely retired by the country, taking advantage of its burgeoning forex reserves ... More

Sensex stays on correction mode
VOLATILITY continues to plague the broad market even as select stocks sizzle on impressive earnings numbers. The confusion on participatory notes has settled. The correction, however, is continuing despite net investments by foreign institutional ... More

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