Financial Daily from THE HINDU group of publications
Friday, February 20, 2004

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FII selling pulls down Sensex by 172 points
A WAVE of selling by foreign institutional investors ravaged the stock market today shredding stock prices and pulling down indices. Domestic mutual funds, said to be facing some redemption pressure ahead of a string of primary issues, were ... More

MFs turn net sellers ahead of big IPOs
MUTUAL funds have turned net sellers in the equity market this month after being net buyers in the past three months. According to market analysts, mutual funds are facing redemption pressure as several unit holders are encashing their ... More

Q3 growth estimated at 8.9 pc: Jaswant
THE quick estimate of the Central Statistical Organisation (CSO) indicates an economic growth of 8.9 per cent in the third quarter of the current fiscal, according to the Finance Minister, Mr Jaswant Singh. This is upwards of the growth of 8.4 ... More

Indo-Pak peace process on right track: Kasuri
EVEN though the grant of visa is a function of the Interior Ministry, the Pakistan Foreign Ministry will do all at its command to "encourage" it to grant as many visas as possible for Indians bound for Pakistan for the cricket series, says ... More

Cabinet meet to clear major proposals
IN what would possibly be the final approvals by the BJP-led NDA Government before the poll dates are announced and the code of conduct comes into place, the Union Cabinet is scheduled to meet early on Friday morning to clear some of the major ... More

International air travel to cost more
BE prepared to spend a wee bit more for economy-class travel to Europe, the US, South-East Asia and the Far East from April 1 this year. While the listed air fares in economy class are being revised upwards by five per cent for travel to these ... More

Want more money? `Top up' your home loan
DO you want to buy a car? Want to go on that long-delayed holiday? Splurge on jewellery? Take a home loan! Housing finance companies and banks now will let you "top up" your existing housing loan. Officially, the loan is given for ... More

Scratch your card for home loan at 4.99 pc
AFTER mass-market consumer products and white goods, the "scratch card syndrome" seems to have spread to ICICI Bank home loans. ICICI Home Finance today announced a `Home Utsav' at Gurgaon near Delhi, where customers will get a scratch card ... More

Is it time for more low-cost airlines?
WHILE the lowering of airfares and introduction of the apex fare system have encouraged more people to travel by air, a question as to whether the Indian market is mature enough for the low-cost, no-frills airlines to enter the services on long ... More

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