Financial Daily from THE HINDU group of publications
Monday, August 26, 2002
Financial Daily from THE HINDU group of publications Monday, August 26, 2002 |
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COLUMNS OFFHAND Digging democracy's grave DO the political parties of the country have any inkling of the horrors they are perpetrating to fatten themselves? Do they realise that they are poking their fingers into the eyes of "we, the people'' by systematically and deliberately trampling ... More ON THE MOVE British Airways World Cargo — Smooth flight despite bad weather? BRITISH Airways World Cargo (BAWC), a separate profit centre within British Airways, has announced results for the first quarter of the financial year 2002-03, with revenue levels of £123 million for the period ended June 30, showing a decline of ... More A RINGSIDE VIEW Some bright spots likely in range-bound trading DESPITE attempts at defying gravity, the stock market could not pull off a breakthrough last week. Neither could the Sensex pierce through its strong resistance level at 3,200 points nor could the Nifty cross its barrier of 1,010-point ... More POLICY WATCH The debt-retirement conundrum SINCE early 2001, in tandem with the rise in the foreign exchange reserves, the Finance Ministry and the Reserve Bank of India have often been in talks to retire the country's costly external debt .In the first year of taking a policy decision to ... More MUTUAL CONFIDENCE UTI sector funds seem to offer some relief WITH the market's focus clearly on US-64 and the MIPs, some of the other schemes run by UTI are not getting the attention that they deserve. These include the five sector funds, which were launched during the last growth sector boom. It now seems ... More GLOBAL MONITOR Gold trades in range GOLD last week saw a two-way movement fluctuating in a range and generally holding towards the bottom of the trading range of $304-312 an ounce. The yellow metal was impacted by a host of diverse factors including unexpected selling pressure, ... More ADR WATCH Infotech counters show resilience THE US markets continued their bull run as investors appeared to have done value-picking. The Dow Jones Industrial Average rose 1.1 per cent for the week breaking the crucial 9,000-mark and in fact, the fifth straight up week in a row; Nasdaq ... More VISION 2020 Budget: Excising political flaws There is little hope for a balanced budget until underlying political problems are resolved. That needs a three-pronged approach: Candidates can contest in one constituency only and a sitting member cannot switch seats, forcing legislators to think l ong-term; the state must fund all serious candidates, freeing elections from black-money; and give taxpayers a voice in identifying serious candidates (parties). This, says P. V. Indiresan, may remove the political flaws of Budget-making. More STOCKS TO WATCH Balaji Tele on upper limit AFTER the close of trading hours on last Friday, Balaji Telefilms intimated to the BSE that the shareholders had approved the proposal to hike FII limit to 40 per cent from 24 per cent. They have also approved stock-split proposal whereby the ... More TECHNICAL ANALYSIS NY cotton may consolidate NYCE cotton futures settled mixed on Friday with the market eyeing a dispute over the level of Chinese cotton imports. Complaints by the US cotton shippers that the Chinese Government is said to be hindering cotton imports by raising technical ... More AMERICAN PERISCOPE Time to rethink economic systems STANLEY Works is a venerable company making tools that is based in the state of Connecticut and began operations in the last century. It thought it would be a great idea to move its incorporation to Bermuda, a tiny island in the mid-Atlantic. ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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