Financial Daily from THE HINDU group of publications
Tuesday, June 01, 2004

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PSU stocks lead market fall
THE fall in stock prices continues unabated with the lack of any positive triggers to cheer the market. Weak Asian market also added to the sluggish trend. PSU scrips, continuing to stagger from the CMP effect, bore the brunt of the market ... More

SEBI officials get ready for Chidambaram's visit — `Black Monday' to top agenda
FIRST floor occupants of Mittal Court B Wing at Nariman Point are a busy lot this week, preparing for the new Finance Minister's visit on Thursday. Top on Mr Chidambaram's agenda in Mumbai is the meeting with Securities and Exchange Board of ... More

IIMs told to evolve uniform fee structure
IN an effort to end the controversial Indian Institute of Management (IIM) fee cut issue, the Government on Monday asked the institutes to work out a common and uniform fee structure by June end. The board meetings of the management institutes ... More

Chidambaram discusses oil prices with PM
IN the wake of global crude oil prices crossing $41 a barrel, the Finance Minister, Mr P. Chidambaram, today met the Prime Minister, Dr Manmohan Singh, and is reported to have held discussion on ways to check its impact on domestic fuel prices. ... More

Web site `divested'
With the UPA Government deciding to scrap the Disinvestment Ministry, the Web site of the ministry is also in the dumps. When one visits the official Web site ( , the message on ... More

States resort to advance realisation of tax revenues
STRAPPED for cash, States have begun attempts to realise upfront some of the tax revenues that would have accrued to them only in the future. The attempts include persuading corporates to prepay some of their tax liabilities or outright ... More

Damodaran appointed IDBI CMD for 3 yrs
MR M. Damodaran has been appointed Chairman and Managing Director of IDBI for a period of three years. "Mr Damodaran has been appointed CMD at IDBI with effect from June 1, 2004 till May 31, 2007 or until further orders, whichever is earlier,'' ... More

Now comes outsourcing of tractors — MNCs drive exports by 18.5 pc
IT IS not only passenger cars that are driving vehicular exports from India. Taking advantage of the lower costs of production, a number of multinational tractor majors have stepped up outsourcing of tractors manufactured in India, which led to a ... More

PSU public offers trading at a discount
THE much-hyped disinvestment of six PSUs in the first quarter of this year through public offers may have filled government coffers, but it has burnt a hole in the portfolios of investors who subscribed to these issues, with all of them now ... More

Storage level in major reservoirs up
WITH the onset of the monsoon, the 71 major reservoirs in the country have started filling up and the storage level stands at 13 per cent of their designed capacity, according to the Central Water Commission. As on May 28, the live storage was ... More

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