Financial Daily from THE HINDU group of publications
Thursday, August 29, 2002
Markets (Aug. 28)
BL 2501084.70 (-1.09)
BSE Sensex3099.38 (+1.53)
S&P CNX Nifty985.70 (-2)
Dollar (Buy/Sell)48.44/48.57
Gold Std (10 gm)5130 (+20)

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Maharashtra may consider Dabhol power at Rs 2.77 — Price not realistic: MSEB officials
THE Maharashtra Cabinet is expected to consider a proposal next week to allow the State electricity board to buy power from the troubled Dabhol power project at a tariff of Rs 2.77 per unit. A senior State Government official confirmed that the ... More

Rupee up, breaches 48.50
THE rupee closed higher on Wednesday, touching a seven-month high at 48.4825/4875, against the dollar as compared to Tuesday's close of 48.50/5025 in the forex market. Contrary to the expectations of several market experts, the psychological ... More

SC stays Centre's order on pump allotments
THE Supreme Court today stayed the Union Government's August 9 decision to cancel allotment of petrol pumps, gas agencies and kerosene delearships from January 2000 and directed return of the cancelled allotments to the dealers within two weeks. ... More

TCS can enjoy export tax benefit after demerger too
The tax benefit enjoyed by TCS, a division of Tata Sons, will not be withdrawn even after its demerger into a separate company, provided Tata Sons holds at least 51 per cent of the equity in the new corporate entity. More

National long distance interconnection — Bharti signs pact with BSNL
BHARTI Telesonic Ltd, the long distance arm of the Bharti group, has finally signed an interconnect agreement with Bharat Sanchar Nigam Ltd (BSNL) enabling it to extend its services to over 40 million fixed line subscribers over and above eight ... More


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