Financial Daily from THE HINDU group of publications
Thursday, May 20, 2004

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Manmohan Singh appointed PM — Country will be safe in his hands, says Sonia
DR Manmohan Singh is all set to take over as the country's Prime Minister. The 71-year-old former Finance Minister, who ushered in India's economic reforms programme in July 1991, was today invited by the President, Dr A.P.J. Abdul Kalam, to form ... More

`Original' reformer's return cheers markets
THE securities markets bounced back to "comfortable" levels today on the expectation of Dr Manmohan Singh, "the original reformer", becoming the Prime Minister. The Sensex opened strong and shot up to 5,052 by 10.15 a.m. from Tuesday's close of ... More

Tata Motors records 170 pc rise in net
TATA Motors Ltd has reported a 170 per cent jump in its profit after tax to Rs 810.34 crore for the year ended March 31, 2004, as against Rs 300.11 crore in the previous year. Net sales/income from operations touched Rs 15,493.52 crore (Rs ... More

Bid to prevent undercutting — ICAI prescribes base-level audit-fee
THE Institute of Chartered Accountants of India (ICAI), it appears, is keen to ensure that partners of mid-sized and large firms do not "under-cut" audit fees to the detriment of smaller firms and one-man practice units. The institute, which ... More

Manufactured goods prop up exports
THE 14.01 per cent growth the country's exports logged during the first ten months of the 2003-04 fiscal (April 2003 to January 2004) was largely driven by manufactured goods - chemicals and related products, gems and jewellery, engineering ... More

Oil industry suffers Rs 500-crore loss in January-April
THE oil industry in the country suffered a loss of Rs 500 crore during January-April 2004 as petroleum companies were unable to hike the selling price of petrol and diesel in tandem with increase in crude prices. The loss does not include the ... More

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