Financial Daily from THE HINDU group of publications
Saturday, April 24, 2004

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Weak banks need RBI nod for dividends
THE Reserve Bank of India (RBI) on Friday decided that only healthy scheduled commercial banks would have a free hand in declaring dividends while the weaker ones would need permission from the regulator, which would be given on a case-to-case ... More

SMILE: SEBI's health check for markets
THE Securities and Exchange Board of India (SEBI) has set up a high level task force to carry out a thorough "health check" on the securities markets infrastructure. The move follows the recent imbroglio in ONGC share allotment. Dr. P. J. ... More

Bharti posts Rs 619-cr net; revenues cross Rs 5,000 cr
BHARTI Tele-Ventures on Friday announced its first year of net profit riding a 64 per cent growth in revenues in 2003-04. The GSM provider has logged a net profit of Rs 619 crore in 2003-04 against a loss of Rs 134 crore during the previous ... More

Bharti to merge cellular, basic arms
BHARTI Tele-Ventures Ltd will consolidate its business by merging two of its subsidiaries — Bharti Cellular Ltd and Bharti Infotel Ltd. The company informed the BSE that the decision was taken at the company's annual general meeting ... More

Lenders discuss Dabhol recast
BANKS and financial institutions that have funded Dabhol Power Company (DPC) today met in Singapore to negotiate a financial restructuring package that may include the Indian lenders taking over foreign loans at a discount. Institutional ... More

Petronet LNG resorts to distress sale of gas
THE public sector oil companies that have the rights to market the gas imported by Petronet LNG have been resorting to distress sale to urea manufacturers over the past few days. This is an outcome of the fertiliser manufacturers' refusal to ... More

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