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Saturday, October 16, 2004

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SAT sets aside SEBI order — Samir Arora cleared of all charges
THE former Chief Investment Officer of Alliance Mutual Fund, Mr Samir Arora, has been absolved of all the charges slapped on him by the Securities and Exchange Board of India. In one of the most high profile cases in the Indian mutual fund ... More

Drama all the way in Samir Arora case
IN an interesting observation, the Securities Appellate Tribunal (SAT) rapped Mr Bajpai, Chairman, SEBI, for speaking to the media about the Samir Arora case, just after the interim order on Mr Arora was passed and while the matter was pending ... More

No hike in petro prices
DESPITE the sharp surge in international crude prices, the Government on Friday decided against increasing petrol and diesel prices and asked the public sector oil companies to bear the burden for another fortnight. "The Cabinet Committee on ... More

Wipro Q2 net profit rises 79 pc
A ROBUST growth across all its business divisions helped Wipro Ltd post its highest year-on-year growth in net profits in last 12 quarters. Net profits for the quarter-ending September 2004, grew 79 per cent to Rs 412 crore, much above ... More

NTPC fixes IPO share price at Rs 62
NEW DELHI: National Thermal Power Corporation (NTPC) today finalised a price of Rs 62 per share for its public offer, which closed on Thursday. The decision was taken after the meeting of the sub-committee of the NTPC's board set up to ... More

Raw sugar import options turn unviable
THE sugar industry's plans to import raw sugar on a large scale to make up for the shortfall in domestic cane availability have gone awry, with global prices firming up significantly over the past month. The benchmark No. 11 raw sugar futures ... More

To avoid disconnection — Reliance to pay Rs 60 cr to BSNL as interim measure
RELIANCE Infocomm has assured payments of Rs 60 crore to Bharat Sanchar Nigam Ltd as an interim arrangement pending a resolution of the dispute between the two companies over routing of incoming international calls illegally. Reliance made the ... More

Inflation declines on cheaper fuel products
THE annual wholesale price index-based inflation rate dipped marginally to 7.2 per cent for the week ended October 2 from the previous week's level of 7.38 per cent, on fall in the prices of fuel products and some manufactured items. The ... More

Sensex ends weak, Nifty flat on dull day
THE bellwether BSE Sensex closed the last trading day of the week on a negative note. The 30-stock index was down 26.37 points (0.46 per cent). It opened at 5733.35 points, about 20 points higher than Thursday's closing. It remained volatile ... More

Mumbaikars careful spenders, Delhiites splurge, says Survey
THIS is one difference between the country's Capital and its financial capital that should cause little surprise. According to the latest consumer spending poll conducted by Synovate, a market research agency, Delhiites are willing to spend more ... More

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