Financial Daily from THE HINDU group of publications
Tuesday, May 04, 2004

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Financial markets turn nervous — Sensex drops 70 points, rupee loses 29 paise on political concerns
A DOMINO effect was felt across the currency, stock and debt markets on Monday as nervousness prevailed among traders. While the Indian rupee lost 29 paise against the US dollar from its previous close, the BSE Sensex lost 70 points and the ... More

Riding on convertibles in global markets
EVEN those who dreamed up the best-selling Indica at Tata Motors or the stylish Scorpio at M&M would have hardly imagined that foreign investors would fiercely undercut one another to own their "convertibles". These companies recently sold some . More

Mutual funds looking at investment in commodities
FED up of investing in the same old mutual fund products? Perk up; soon mutual fund investment options would include gold, silver, coconuts, pepper, soyabean and other commodities. The Association of Mutual Funds in India (AMFI) is studying ... More

New dividend norms may hit banks
THE recent RBI regulations on dividend payout will not only hit banks with high NPAs but also those not carrying extra capital. About 20 banks out of a list of 57 public and private banks do not meet the stipulated capital adequacy levels for ... More

Norms for foreign securities under ESOP relaxed
THE Reserve Bank of India has relaxed the guidelines for the acquisition of foreign securities under the ESOP scheme, consequent to which, henceforth, such shares need not be offered at a concessional price, and the sale of such shares does not ... More

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