Financial Daily from THE HINDU group of publications
Saturday, February 08, 2003
Markets (Feb. 07)
BL 2501107.02 (-5.22)
BSE Sensex3279.77 (-25.67)
S&P CNX Nifty1057.50 (-6.10)
Dollar (Buy/Sell)47.66/47.79
Gold Std(10gm)5900 (-10)

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GDP growth to fall to 4.4 pc — This fiscal worst for farm sector since 1979-80
THE Indian economy is expected to register a measly 4.4 per cent growth during the current fiscal, notwithstanding a clear-cut industrial revival and sustained services sector buoyancy. The prime culprit has been the farm sector, which is ... More

IA to decide on fleet acquisition in March
THE start of the new fiscal year could bring cheer for both Indian Airlines (IA) and the European aircraft manufacturer Airbus Industrie. Official sources told Business Line that a decision on the IA fleet acquisition deal can be ... More

GM to roll out Chevrolet brand in India this year
GENERAL Motors is all set to roll out the Chevrolet brand in India and will badge its forthcoming products this year under the brand. Confirming this, Mr Vinay Dixit, Vice-President (marketing, sales and after sales), General Motors India ... More

DuPont to focus on sales growth, not investments
EVEN as the $24-billion diversified science and technology major E.I. DuPont has charted an aggressive growth plan for its Indian operations in the next few years, the company intends to make only "smaller investments" in the country in the near ... More

Watch this match on TV: Budget versus cricket
THIS time around the Union Budget will have to battle it out with the best in cricket to stay on television. Close to the Finance Minister's speech on February 28, and a few hours after when preliminary analysis of the Budget begins, two World ... More

Hike in Internet charges on the anvil
FOR all the rate cuts on mobile phones and STD calls, now prepare to pay more for surfing the Net. Internet Service Providers (ISPs) have arrived at a consensus — albeit informally — that they will not undercut each other anymore to ... More

`No positive triggers in money market'
MONEY market dealers are keeping their fingers crossed awaiting the next deadline, February 14, when the UN is expected to take a decision on what action it will take against Iraq. Until then, money market participants feel the market will ... More

Glenmark divests stake in subsidiary
GLENMARK Pharmaceuticals is divesting its stake from its 100 per cent subsidiary Glenmark Laboratories, for a consideration of Rs 35 crore in an all cash deal. Post-divestment, the entity will be taken over by Mr Mark Saldanha, brother of Mr ... More


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