Financial Daily from THE HINDU group of publications
Tuesday, May 28, 2002
Markets (May 27)
BL 2501115.46 (-8.51)
BSE Sensex3243.41 (-12.21)
S&P CNX Nifty1062.70 (-4.30)
Dollar (Buy/Sell)48.93/49.06
Gold Std (10 gm)5330 (+15)

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Closer watch on financial sector -- Pvt debt issue to be tightened
The regulators in the financial sector have come under fire over the last year or two, as some officials term it, for "their pro-active stand after a scam breaks out much like the way the cops behave in Hindi movies." More

Indian economy better prepared for war: Sinha
THE Finance Minister, Mr Yashwant Sinha, today said that the Indian economy was better prepared for a war than Pakistan, even as he maintained that war was the last option. "We have to look at the situation comparatively. What is our strength ... More

Post-open offer scenario -- Govt, partner to issue fresh shares to ensure SCI listing
THE Union Government and the successful strategic partner will issue fresh shares to ensure that Shipping Corporation of India (SCI) is listed on the stock exchanges in case the public holding falls below the minimum threshold limit required for ... More

With jobs shrinking in the pvt sector -- No dearth of talent for banks to tap
A SHRINKING job market in which even reputed institutions are finding it hard to place their students appears to have come as a blessing for public sector banks. With queries from job seekers on the rise, public sector banks have been able to ... More

NPA breather on roll-overs -- RBI stance gives IFCI some relief
IN a major softening of stand, the Reserve Bank of India (RBI) has agreed to grant case-by-case exemption to banks deciding to roll over their investments in IFCI Ltd from their rolled over amounts being treated as non-performing asset (NPA) as ... More

FIPB rejects Sony bid to buy out Discovery in joint venture
THE Foreign Investment Promotion Board (FIPB) has refused to grant advance permission to SET India Pvt Ltd (Sony Entertainment Television), a wholly owned subsidiary of the Japanese multinational Sony Corporation, to buy out the minority partners ... More

Never mind CAS; TV ratings will rule
"With conditional access system (CAS), broadcasters will only know how many people have subscribed to a channel, not actual viewing patterns." More

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Top Stories
Akzo Nobel sets up global R&D centre near Bangalore

Proof of identity may shrink pre-paid base

ICICI gets into BPO, invests Rs 200 cr

Variety marks banks' application of AS-17

Strong trend in gold raises expectations

Dairy industry upset with US Farm Bill

Challenges before the Railways

In Depth
Gender Justice
Simple Economics
Guide to derivatives

Looking back
May. 19-May. 25
Forex reserves up $92 m at $55.71 b

Reliance bags IPCL for Rs 1,491 cr -- Quotes Rs 231 per share for 26 pc stake

Salaried employees can perk up: Easier norms likely for cars, cards, club expenses

It's a roller-coaster ride -- Steel gains 20% in M-cap; entertainment loses 15 pc

RBI bans physical deals with brokers

HLL tags special dividend to bonus debenture -- Scheme modified to address income-tax problem

Sensex down 96 points; gold zooms to new high

ITC net up 18 pc at Rs 1,190 cr -- To pay dividend of 135 pc

IOC to divest stake in ONGC, GAIL -- Over Rs 2,500-cr gain seen

Gold at new high on global rally

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