Financial Daily from THE HINDU group of publications
Saturday, May 24, 2003
Markets (May 23)
BL 2501115.15 (+11.89)
BSE Sensex3049.84 (+9.05)
S&P CNX Nifty967.90 (+4.65)
Dollar (Buy/Sell)46.85/46.98
Gold Std (10 gm)5730

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Ajit Singh quits on Cabinet expansion-eve
THE cloud of uncertainty that was hanging over the continuation of the Agriculture Minister, Mr Ajit Singh, and the Union Minister of State for Finance, Mr Gingee Ramachandran, in the Union Council of Ministers was cleared late tonight with both ... More

Gingee Ramachandran resigns — Fallout of bribery charges against PA
THE Minister of State for Finance, Mr Gingee Ramachandran, put in his papers on Friday evening after pressure mounted with BJP party members also seeking his resignation following the arrest of his personal assistant (PA), Mr Perumalswamy, on ... More

Tata Engg working on `Cub' — A low-cost commercial vehicle for intra-city use
TATA Engineering is in the midst of developing a small commercial vehicle, which is being designed to fulfil the evolving transportation needs of the future. Part of the New Products Introduction (NPI) process adopted by the company a couple ... More

Exporters over-booking forward dollar contracts
LARGE corporates, essentially exporters, betting on the appreciating rupee, are over-booking forward dollar contracts over and above their genuine foreign exchange exposure to cancel them later, raking in the moolah in the process. Over-booking ... More

ITC net profit up 15 pc; to pay Rs 15
ITC Ltd has notched up a post-tax profit of Rs 1,371 crore for the year ended March 31, 2003, against Rs 1,190 crore achieved in the last financial year, indicating a growth of 15.3 per cent. While the gross turnover has crossed the Rs ... More

MTNL cuts cell-to-cell STD rates by 60 pc
FOLLOWING close on the heels of Bharat Sanchar Nigam Ltd (BSNL), Mahanagar Telephone Nigam Ltd (MTNL) has announced a 60 per cent reduction in tariffs for mobile-to-mobile (M2M) long distance (STD) calls for the customers of Dolphin in Delhi and ... More

Will FM change stand-alone radio fortunes?
WILL the recent spurt in FM radio channels help to boost sales of lower-end, stand-alone radios? Estimated to be a 3.1 million units of the 6.53 million units overall domestic audio market, the price-sensitive product had earlier experienced a ... More

UTI to sell old building
THE Unit Trust of India has decided to sell its old corporate office building and has invited bids from interested parties. As per the tender notice, UTI — which has three properties at 13, 41 and 37 at New Marine Lines in South Mumbai ... More

Vineeta Rai is new Revenue Secy
Ms Vineeta Rai, a 1968 batch IAS officer, has been appointed as the next Revenue Secretary. Ms Rai will take over from the current Revenue Secretary, Mr C.S. Rao, who retires at the end of the month, an official release said. Ms Rai is ... More

Minister to discuss CAS with PM
AFTER the broadcasters made a representation to the PMO on the Conditional Access System (CAS), Information and Broadcasting (I&B) Minister, Mr Ravi Shankar Prasad, is expected to meet the Prime Minister, Mr Atal Bihari Vajpayee, on the ... More

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