Financial Daily from THE HINDU group of publications
Monday, February 02, 2004

Cross Currency


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Mid-cap stocks take a beating on profit taking
AFTER excellent returns in 2003, mid-cap and small stocks have taken a sharp dip in their prices from their yearly high mainly due to profit booking by institutional investors this month. A comparison of the various stock indices of BSE and NSE ... More

New interconnection usage charges take effect — Mobile tariffs shoot up
AFTER getting used to declining cellular tariffs, mobile subscribers will now have to start paying more for select local, STD and ISD calls on account of the revised interconnection usage charge (IUC) regime that has been implemented from ... More

Huawei plans to outsource 1,000 jobs to Indian vendors
Huawei India plans to enter new domains such as optical transmission networking and sharpen its focus on third generation networking. More

Real time clearing system: Banks ready, RBI not
JANUARY has come and gone; the online payment clearing system initiated by the Reserve Bank of India, RTGS is still in a trial phase confined to a mere four commercial banks. The RBI had planned to implement the Real Time Gross Settlement ... More

SEBI halts HSBC offer for 20 pc stake in UTI Bank
THE Securities and Exchange Board of India (SEBI) has stopped HSBC's open offer to buy 20 per cent equity share capital of UTI Bank Ltd from the public. In a notice to the BSE, SBI Capital Markets Ltd, manager to the HSBC offer, said that the ... More

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Looking back
Jan. 25-Jan. 31
Finance Ministry plans omnibus insurance law

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