Financial Daily from THE HINDU group of publications
Friday, October 15, 2004

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SSI Ltd loses 70 pc in single day of trading
THE Chennai-based SSI Ltd saw a steep erosion of 70 per cent value in a single day of trading today. According to brokers, investors lost around Rs 8.5 crore based on the trading volume on Tuesday. The sorry pass came about with stock exchanges ... More

NTPC issue subscribed 12 times
NATIONAL Thermal Power Corporation's initial public offer, the first high profile disinvestment since the UPA Government took charge in May, was oversubscribed by a dozen times by late evening on the closing date of the issue on Thursday. ... More

No decision yet on petrol price hike
THE Government today remained indecisive on a proposal to allow public sector oil companies to hike the retail prices of petrol and diesel. The proposal follows the hardening of global crude prices. "We have to have further discussion on the ... More

DoT may slap Rs 50-cr penalty per licence on Reliance Infocomm — Co found flouting ILD norms
"If any company was found to be repeatedly violating the licence norms, the Government has the option of cancelling the licence too." More

Broadband policy announced — No access to BSNL last-mile lines for private operators
THE Government has rejected the Telecom Regulatory Authority of India's (TRAI) recommendation for allowing private sector operators to access the last-mile lines of Bharat Sanchar Nigam Ltd (BSNL) for offering broadband services. The ... More

Audited, unaudited results — Cap on variation in net profit figures proposed
THE variation in the net profit after tax figure between unaudited and audited results of companies should not exceed 10 per cent or Rs 10 lakh, whichever is higher. This is one of the changes in the listing agreement proposed by the ... More

Govt okays package to clear dues in 24 loss-making PSUs
THE Government has approved a package worth Rs 517 crore for settling employees' dues and statutory dues in 24 loss-making central public sector units (PSUs) under the Ministry for Heavy Industries and Public Enterprises (MoHIPE). The amount ... More

Pepsi chief may discuss investment plans with Chidambaram
DURING his four-day visit to India beginning October 23, the PepsiCo International Chairman and CEO, Mr Steve Reinemund, is expected to meet senior Government officials including the Finance Minister, Mr P. Chidambaram. While sources described ... More

SEBI fiat on mandatory UIN
THE Securities and Exchange Board of India (SEBI) has mandated that all domestic investors who carry out a single transaction of Rs 1 lakh or more have to quote their unique identification number (UIN). This order will be effective from April 1, ... More

`Air Canada open to tie-up with AI'
AIR Canada, which considers India as an important market is open to having a tie-up with Air India (AI), the Chairman, President and Chief Executive Officer, ACE Aviation Holdings Inc (ACE), Mr Robert Milton, said on Thursday. "I am completely ... More

Tech stocks prop up Sensex; metals slump
SNAPPING the three-day losing streak, the key market indices ended on a positive note on Thursday. The BSE Sensex closed at 5713.1, up by 36.37 points over Tuesday's close of 5676.3. The S&P CNX Nifty closed up by 7.85 points at 1794.75. The ... More

Outsourcing is here to stay: Kerry
STRESSING that he is going to stand up and fight for American workers in a way that is fiscally sound, the Democratic challenger, Senator John Kerry has once again said that he will be closing down tax loopholes in a "nano-second" that results in ... More

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