Financial Daily from THE HINDU group of publications
Thursday, September 12, 2002
Markets (Sept. 11)
BL 2501065.29 (-4.16)
BSE Sensex3125.66 (+36.19)
S&P CNX Nifty998.85 (+0.30)
Dollar (Buy/Sell)48.40/48.53
Gold Std (10 gm)5220 (-90)

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Creeping clause back at 5 pc — SEBI amends takeover code
THE Securities and Exchange Board of India (SEBI) has now ruled that promoters and promoter groups can undertake creeping acquisitions up to a limit of five per cent only in any financial year ending March 31. The revised limit would come into ... More

10 pc cap on bank voting rights may go
The Deputy Governor of RBI, Mr G.P. Muniappan, said since foreign direct investment in the banking sector was now allowed up to 49 per cent, it did not make sense to keep the voting rights at a maximum of 10 per cent. More

IT cos brace for Bangalore bandh
CALL centres that handle overseas customers' queries real-time have embarked upon several contingency measures to ensure smooth workflow on Thursday, when India's technology capital, Bangalore, will shut down for 12 hours over the Cauvery dispute ... More

Where infrastructure wears work clothes
"The Government is getting a coat ready for the baby," explained a diplomat in Shanghai. "It knows the baby will eventually grow into a man." More

Petrol, diesel may cost 40 paise more
CONSUMERS may have to fork out 30-40 paise extra per litre of petrol and diesel in the wake of the recent spurt in global crude prices. Official sources said that this can, however, happen if the Finance Ministry endorses the Petroleum ... More


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