Financial Daily from THE HINDU group of publications
Friday, September 27, 2002
Markets (Sept. 26)
BL 2501034.93 (+0.22)
BSE Sensex3014.69 (-6.39)
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Dollar (Buy/Sell)48.35/48.48

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ICICI Bank offloads 16.5 pc stake to FIIs in block deals — Raises Rs 1,318 cr at Rs 130 per share
FOREIGN investors, including Government of Singapore Investment Corporation and a Lombard Insurance (Canada) affiliate, today acquired 10.14 crore shares, representing 16.5 per cent of the equity capital, of ICICI Bank Ltd at Rs 130 per ... More

Finer details of SCI sell-off discussed
THE Government on Thursday moved a step closer towards freezing the transaction documents for the strategic sale of 51 per cent stake in Shipping Corporation of India (SCI) with the inter-ministerial group on disinvestment discussing several ... More

How `floating' are SBI rates?
IF you are one of those who took a "floating rate" loan from the State Bank of India (SBI) a year or two ago, and expected to reap in full the benefits of lower interest rates that you are reading about everywhere, it's time to take a closer look ... More

Bandh affects corporate Mumbai
BUSINESS in Mumbai came to a halt on account of the nationwide bandh called by the Bajrang Dal and Vishwa Hindu Parishad and supported by the Shiv Sena to condemn the terrorist attack on the Swaminaryan temple at Akshardham in Gandhinagar. In ... More

Kishore wants `peaceful co-existence' with Mallya
THE battle between Mr Vijay Mallya and Mr Kishore Chhabria for control over Herbertsons Ltd has taken an unexpected turn. The search for an out-of-court settlement in the 10-year-old dispute has prompted the Chhabria camp to explore "a staying ... More

Disney's kids channel nixed
WALT Disney's plan of launching 24-hour children's channel in India - The Disney Channel (TDC) - has come a cropper. This comes almost a year after the company moved the Foreign Investment Promotion Board (FIPB) in October 2001. Though an ... More

Pendse violated norms, says SEBI
THE Securities and Exchange Board of India (SEBI) has said that Mr D.S. Pendse, former Managing Director of Tata Finance Ltd, and his associates have prima facie violated its regulations on insider trading. This follows a SEBI ... More


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