Financial Daily from THE HINDU group of publications
Wednesday, May 19, 2004

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Sonia refuses to be PM — Manmohan Singh tipped for the post
IN a day of high political drama that could have a major impact on the evolving power equations at the Centre, the Congress President and recently elected leader of the Congress Parliamentary Party (CPP), Ms Sonia Gandhi, declined to assume the ... More

Market recovers; sustained buying lifts Sensex up 371
MAJOR stock indices recovered sharply today on sustained buying in frontline stocks as panic-stricken investors were comforted by the settlement system's integrity that smoothly handled Friday's transactions. Investor sentiment lifted further in ... More

RBI lowers margins on loans against shares
IN a bid to provide more liquidity to investors, the Reserve Bank of India today reduced the margins for bank financing against shares from 50 per cent to 40 per cent with immediate effect. The decision to reduce margins follows the ... More

RBI leaves rates unchanged; projects 6.5-7 pc GDP growth
THE RBI Governor, Dr Yaga Venugopal Reddy, on Tuesday left the Bank Rate, Repo and the Cash Reserve Ratio (CRR) unchanged. At the same time, the central bank scaled down its gross domestic product (GDP) growth forecast to a cautious 6.5 per cent ... More

Left Front wants PDS subsidy in common programme
THE Left Front is keen on seeing the continuance of a subsidised public distribution system in the minimum action plan of the Congress-led Government at the Centre. Speaking to newspersons, the Chief Minister, Mr Buddhadeb Bhattacharjee, said ... More

India Inc earnings robust in 2003-04
THE earnings growth of India Inc has been robust during FY04 over the previous year. This is borne out by an analysis of financial performance of 1,000 companies that have announced their yearly results so far. Aggregate total income and ... More

SEBI holds meet with exchanges, depositories
THE Securities and Exchange Board of India (SEBI) held a meeting this morning with exchanges and depositories to take a comprehensive review of the settlement, risk management and market trends. The SEBI press release stated that Mr G.N. ... More

New govt urged to buy back public stake — Unions seek full state ownership of banks
THE largest bank unions in the country have begun exerting pressure on the coalition partners to restore full state ownership of the banking sector. The unions in the forefront of this move include the All Indian Bank Officers' Confederation ... More

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