Financial Daily from THE HINDU group of publications
Saturday, February 28, 2004

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Govt cuts steel duties, freezes export benefits
THE Government today decided to freeze all export incentives to steel manufacturers to facilitate increased availability in the domestic market. In a bid to clamp down on rising steel prices it has also been decided to drastically reduce customs ... More

5 PSU offers oversubscribed
FOLLOWING some tough talk by the Disinvestment Minister, Mr Arun Shourie, the investors' response to the Government's disinvestment process gained momentum with all the five issues so far opened getting oversubscribed. The investors faith in ... More

Retail investors keeping away
RETAIL investors seem to be refraining from the Government's disinvestment process if one goes by the break-up of the investors' participation in the public offers of IPCL, IBP and CMC. On the other hand, mutual funds and FIIs have emerged as ... More

Response heartening, says Shourie
THE Government on Friday said that the responses to the public offers in five companies so far has been "heartening" with all the issues which hit the market, getting over-subscribed. The allocation of shares for the IPCL public offer, which ... More

CAS rollout suspended indefinitely
IF your cable operator kept you on tenterhooks by threatening to pull off the telecast lifeline while the Indian cricket team was battling it out in Australia, he would not be able to do so when the Indian team travels across the border in a few ... More

Sensex recovers, but markets still cautious
WITH the Disinvestment Minister donning the boxing gloves, the "bear cartel" appears to have withdrawn to the ropes, easing jangled nerves and pulling together frayed stock prices. News that the Government has found enough buyers - many of ... More

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