Financial Daily from THE HINDU group of publications
Thursday, February 26, 2004

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Govt knows who's behind stock crash, says Shourie
"We have identified the people behind it. Some people worked in anticipation that the Government will give a 5-10 per cent discount from the last closing price when it announces the floor price." More

Sensex sheds 116; PSU shares lead fall
THE statement of the Disinvestment Minister, Mr Arun Shourie, that the Government has identified the people associated with depressing the stock prices in the run-up to the public offer of six PSUs, resulted in a decline in stock prices today as ... More

Insurance VRS optees to be relieved from tomorrow
APPLICANTS for the voluntary retirement scheme (VRS) in the four public sector insurance companies are likely to be relieved starting this Friday. Industry sources said that in the first phase, class three employees (clerical staff) would be ... More

Disclosure of onsite staff salaries — DCA may grant exemption to IT cos
INFORMATION technology companies may soon suffer lesser hiccups on disclosure requirements of remuneration to their employees posted overseas. The Department of Company Affairs (DCA) is likely to exempt the IT companies from furnishing such ... More

GAIL India share floor price fixed at Rs 185
THE Government has fixed a floor price of Rs 185 per share and will give a five per cent discount to retail investors for the proposed public offer for sale of its 10 per cent equity in the gas transmission company GAIL (India) Ltd. The ... More

BoI awards $150-m 10-year outsourcing contract to HP India
BANK of India (BoI) today announced that it has awarded Hewlett Packard India Pvt. Ltd a $150-million 10-year outsourcing contract to provide a full suite of core-banking solutions and related services to the bank. This is one of the largest ... More

New `virus' stalks BPO sector - spurious agents
ARE you planning to enter business process outsourcing (BPO) or the call centre business? If so, beware of spurious agents who promise business from US or Europe and vanish without leaving a trace after getting money upfront. As India's BPO and ... More

Thanks to cheap credit, you can live life king-size
INTEREST rates on specific advances have become so attractive as to woo even the most tough customers. "With the interest rates plunging to 5.75 per cent, I have upgraded my car to an Opel Corsa," said Mr R. Krishnan, an executive with an ... More

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