Financial Daily from THE HINDU group of publications
Tuesday, October 12, 2004

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Bond prices take a beating — Higher cut-off at auction fuels rate worries
BOND prices crashed by over a rupee across maturities as yields hardened to historic highs. Expectations of higher interest rates were fuelled by an exceptionally high cut-off at the auction of 7.38 per cent, 2015 paper. The Reserve Bank of ... More

Govt favours benign interest rate regime
THE Finance Secretary, Mr D.C. Gupta, today said that the Government was in favour of a `benign' interest rate regime. ``Any hike in rates will hit growth that we will not like to have,'' Mr Gupta told newspersons. However, he added that it was ... More

PSU oil cos question Reliance's diesel pricing strategy
PUBLIC sector oil marketing companies have complained to the Government against Reliance Industries Ltd (RIL) selling diesel at Rs 3 per litre below their price through `questionable' means. They allege that retail diesel sales have been hit ... More

UltraTech draws up Rs 200-cr capex plan — To roll out new brand on Oct 14
ULTRATECH Cemco's (earlier L&T Cement) new brand rollout on Thursday (October 14), starting with Kochi; a Rs 200-crore capex plan for the next two years that will generate around 2.5 million tonnes of capacity through debottlenecking; and ... More

Hyundai Motor India pays parent royalty of Rs 185 cr in 2003-04
HYUNDAI Motor India Ltd paid its parent, Hyundai Motor Company of Korea, a royalty of Rs 184.74 crore in 2003-04 compared to a royalty of Rs 110.89 crore in the previous financial year. Besides this, Hyundai Motor India paid a final dividend of ... More

CMC Q2 net up 50 pc at Rs 12.68 cr
DESPITE a three per cent fall in revenue, CMC Ltd has reported a 50 per cent rise in its net profit at Rs 12.68 crore for the quarter ended September 30 as against Rs 8.41 crore in the corresponding period last year. The total revenue stood at Rs ... More

Cellular cos explore launching 64 K SIM cards
CELL users may soon get mobile SIM cards with double the memory of existing ones. Cellular firms are in talks with SIM card manufacturers to explore launching 64 K SIM card in the country. Currently, operators offer SIM cards with 16K or 32 K ... More

`Provide women scientists with flexi-timings, mid-career breaks'
IDENTIFYING the factors that prevent Indian women from opting for science careers, a committee set up by the Indian National Science Academy (INSA) has suggested remedial measures such as providing flexible working hours, mid-career breaks and ... More

Firm oil price dampens market sentiment
THE announcement of earnings numbers failed to give a kicker to stock prices, which ended in the negative territory on Monday. The buoyant mood witnessed in the early hours of the trading session could not be sustained, as the unabated rise in ... More

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