Financial Daily from THE HINDU group of publications
Sunday, March 07, 2004

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HSBC in a quandary over UTI Bank deal?
WHEN the UK-based HSBC Ltd struck a deal with compatriot CDC Capital to buy its 20 per cent ownership of UTI Bank for a little over Rs 410 crore, it was touted as a winning manoeuvre in a gradually opening Indian banking industry. Three months ... More

BSE-500 stocks: Investors & long-term capital gains tax
RETAIL investors, it appears, have not set much store by the announcement made by the Finance Minister, Mr Jaswant Singh, in Budget 2003 that investments made in stocks that are part of the BSE 500 and held on for longer than 12 months would be ... More

FIIs account for 87 pc bids on Day 1 of ONGC issue
THE huge demand for ONGC shares on the first day came mainly from FIIs who accounted for bids amounting to over Rs 18,000 crore. Retail investors (investing below Rs 50,000) applied for just 13,520 shares on the first day, compared with 26.14 ... More

Relaxation of RBI norms brings new advertisers to large foreign channels
SMALL channels beware! The big broadcasters are wooing advertisers such as `Hamdard', `Lijjat Papad', `502 Pataka Chai' and other local detergent and footwear brands. For, private television channels that are currently uplinking from abroad can ... More

Forex kitty swells $685 m due to dollar mop-up
AIDED in large part by consistent trade flows, the country's forex kitty grew stronger by $685 million to touch $108.360 billion for the week ended, February 27, 2004, as against the total reserves of $107.506 billion, the previous week, as per ... More

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