Financial Daily from THE HINDU group of publications
Sunday, August 08, 2004

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New product launches, large investments on anvil — FMCG sector ready to bounce back
RESILIENCE in the FMCG sector is apparent as companies continue to go ahead with large investments in capacity augmentation despite stagnation in the industry, a poor monsoon and consequent dip in rural incomes. Besides, on the anvil are brand ... More

TCS issue price fixed at Rs 850
TATA Consultancy Services (TCS) announced today that the cut off price for the initial public offer is at Rs. 850 per share. The price band was Rs 775 - Rs 900 per share. The IPO was oversubscribed 7.7 times and over 13 lakh bids were ... More

SBI cuts rates on short-term deposits
EVEN as the inflation rate inched up to 7.51 per cent, the country's biggest bank, State Bank of India has trimmed interest rates on its short-term domestic term deposits by 25 basis points, effective August 9. Although the bank has not given a ... More

4 PR agencies in race for BSNL image makeover
BHARAT Sanchar Nigam Ltd (BSNL) is going in for an image revamp. The public sector company, for the first time, is on the verge of appointing a public relations agency for two years. At least four leading PR agencies - Perfect Relations, ... More

CBI conducts searches at SEBI official's residence, office
THE Central Bureau of Investigation (CBI) on Saturday conducted a search at the residence and office chamber of a senior Securities and Exchange Board of India (SEBI) official, Mr Nagender Parakh. According to SEBI, the search was conducted ... More

A litmus test on delisting front
CITIGROUP'S offer to buy out all the outstanding shares in e-Serve International and voluntarily delist the stock is set to open on August 13. Investment bankers say that the offer is likely to be priced at a modest premium to the current ... More

PF trustees to decide on rate tomorrow
THE Central Provident Fund Authority is willing to consider 8.5 per cent as the new rate for the current fiscal despite strong representation from certain quarters to hike the rate by a critical margin. Dr Ajai Singh, Central Provident Fund ... More

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