Financial Daily from THE HINDU group of publications
Wednesday, August 14, 2002
Markets (Aug. 13)
BL 2501068.74 (+7.74)
BSE Sensex3036.40 (+28.55)
S&P CNX Nifty976.05 (+6.20)
Dollar (Buy/Sell)48.56/48.69
Gold Std (10 gm)5200 (-20)

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UTI committedto investors — Damodaran bullish on stocks
THE Chairman of the Unit Trust of India (UTI), Mr M. Damodaran, today gave a firm assurance of meeting all the commitments made to its investors. The current initiatives taken by the Trust - with adequate Government support - would help in ... More

SBI slashes housing rates
HOUSING loans are now moving into single-digit figures. And this is an Independence Day gift from the country's largest bank - State Bank of India. Effective August 16, SBI will cut its housing loans by 50 basis points across the board - ... More

Rains revive hopes of pick-up in stock market
MARKETMEN are drawing cheer from the recent revival of the monsoon, which they say would largely offset the setback due to deficient rainfall in the first half of the season. The current spell of rains, they say, has brightened the sowing ... More

IFC sells 5 pc Vysya Bank stake in market?
INTERNATIONAL Finance Corporation (IFC), which holds 10 per cent equity stake in Vysya Bank Ltd, is believed to have offloaded about half of it in the stock market today. According to stock dealers, the five per cent was acquired by four mutual ... More

Gasohol to be mandatory in 9 States from 2003
THE sale of gasohol would be mandatory in nine States and four Union Territories from January 1, 2003, according to the Union Petroleum Minister, Mr Ram Naik. Petrol mixed with five per cent ethanol is called gasohol. The States where the ... More


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