Financial Daily from THE HINDU group of publications
Tuesday, June 25, 2002
Markets (June 24)
BL 2501129.89 (-1.41)
BSE Sensex3231.62 (-11.13)
S&P CNX Nifty1061.85 (-0.70)
Dollar (Buy/Sell)48.85/48.98
Gold Std (10 gm)5340 (+20)

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Divestment Ministry spikes SCI plan to buy VLCCs
The plan mooted by SCI to buy VLCCs comes in the backdrop of a decision by Indian Oil Corporation to bring a major portion of its crude cargo imported from the Persian Gulf on VLCCs from this fiscal onwards. More

Withholding tax exemption on ECBs — HDFC spots Budget slip, set for big gains
HDFC will be the first Indian company to borrow from the overseas debt markets on the back of an exemption from payment of withholding tax on external commercial borrowings (ECBs) this fiscal. This has been done by taking advantage of a ... More

Mysore Cements shelves plans to sell off 3 plants — To issue pref shares to IDBI
THE S.K. Birla group company, Mysore Cements Ltd, has shelved its plan to sell off its plants at Jhansi, Damoh and Narsingarh for the time being in the absence of any serious bidders, according to market sources. Meanwhile, the company plans ... More

IA cuts fares by 15-20% on select sectors
IN an effort to get more passengers to travel by air during the lean season, Indian Airlines today dropped fares by between 15 per cent and 20 per cent on seven sectors from Mumbai including Bangalore, Goa, Mangalore and Jamnagar. The reduced ... More

GoM meeting on pension reforms postponed
THE Group of Ministers' (GoM) meeting on pension reforms scheduled for Monday has been postponed. According to sources, the decision to postpone the meeting was taken due to the inability of the Finance Minister, Mr Yashwant Sinha, to reach the ... More

BSES defers announcement of results
According to sources, the board, which met today, was forced to defer the results announcement after nominees of financial institutions asked that a second audit of accounts be conducted. However, the company informed the BSE that "the meeting ... More

Shaw Wallace, UB join in UDV race
AT least four players are in the race to buy the Indian whiskies of United Distillers & Vintners (UDV), part of Diageo Plc, which are on sale. The deadline for the bids ended today. The domestic liquor majors, UB Group & and Shaw Wallace & Co, ... More

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Top Stories
No plans for fresh VRS offer in banks

`Retail sector poised to be major employer'

Ikon vrooms into the land of samba

Depositor preferences remain in 1-3 yr bucket

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Ramco Systems slips into red

In Depth
Gender Justice
Simple Economics
Guide to derivatives
Looking back
Jun. 16-Jun. 22
Infrastructure projects: Talks soon with ADB, World Bank for $2-b loan

Govt keen on trimming cost at major ports

No changes in EPFO structure proposed -- Pension panel meet on June 24

Export growth rate set at 12 per cent

Pick-up in non-food credit — Economy on revival path?

ING offers Rs 341 cr to hike Vysya stake to 44% — Deal with GMR at 98 pc over market price

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