Financial Daily from THE HINDU group of publications
Saturday, August 31, 2002
Markets (Aug. 30)
BL 2501094.43 (+16.54)
BSE Sensex3181.23 (+67.07)
S&P CNX Nifty1010.60 (+23.35)
Gold Std (10 gm)5160 (+30)

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BSNL-MTNL merger on cards: Mahajan
The Government has not given up on the proposal to divest stake in both MTNL and BSNL, Mr Mahajan added. More

Barrett bullish on tech outlook, digital destiny
DESPITE the `irrational' exuberance over the last few years and a recessionary phase that followed in the global technology space, the Chief Executive Officer of chip major, Intel Corporation, Dr Craig R. Barrett, said: "I am very bullish on the ... More

Monsoon failure likely to dampen GDP growth: RBI
Inflationary pressures have eased, the central bank says, as reflected by the movement of average wholesale prices. But the consumer price index has exhibited an upward trend, contrary to the movement of the wholesale price index. More

Jaswant sends UTI bail-out package for political okay
THE Finance Ministry has finalised the Cabinet proposal on the bail-out package for Unit Trust of India (UTI), including the organisational restructuring and a commitment to the new sponsors to fulfil obligations arising out of the all the ... More

Stocks post smart gains
BUOYED by renewed institutional buying interest, stocks ended higher on leading bourses today. The Nifty index on the National Stock Exchange crossed the psychological 1000-mark. Brokers attribute the buying interest to attractive ... More

Bidding norms for export cos eased
AN exporter company, resident in India, can now give guarantee in lieu of Bid Bond guarantee for bidding for a contract outside India. Such a guarantee can be given without the approval of the `Approving Authority' so long as the amount of ... More


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