The Hindu Business Line : Sunday, February 09, 2003

DSP ML Top 100 Equity Fund: Avoid now
INVESTMENTS in the initial public offer of DSP Merrill Lynch Top 100 Equity Fund need not be considered now. The performance of the equity funds of DSP Merrill Lynch, such as DSP ML Equity and DSP ML Technology.com, has not been impressive ... More

Junior BeES: Avoid
INVESTORS can avoid making any commitments in the new exchange traded fund launched by Benchmark Mutual Fund. This fund will track the S&P Junior Nifty Index. In general, investors interested in pursuing equity exposures through the mutual fund ... More

Pension plans — Comfort during the sunset years
CONTINUING the coverage of pension plans, we will look at the plans of Om Kotak and HDFC Standard Life this week. Om Kotak's Retirement Income Plan Those who choose this plan can opt to retire any time between 45 ... More

Tata AIG's Mahalife
TATA-AIG's Mahalife — which combines a whole life policy with a money-back one — is designed to provide regular annuity and life cover. How does it work? The policyholder has to pay premiums over a ... More

Know about fund of funds
A FUND of funds (FoF) scheme is a mutual funds scheme that invests in other mutual funds schemes rather than in securities. Such schemes are prevalent in international markets, and can have different investment patterns and strategies as ... More

DSP Savings Plus: Avoid now
INVESTORS can avoid taking exposures in DSP Merrill Lynch Savings Plus during its initial public offering. Instead, they can wait for the fund to build a good performance track record before investing. Several factors support this ... More

Benchmark Mutual Funds ETF issue on offer

ECONOMY

Sept - Dec '02 quarter report card: The black and red tally of 332 cos
IN the September-December quarter 2002, 187 companies managed to turn around and moved from losses to profit from that of the corresponding prior period. A total of 145 companies, on the other hand, moved in the reverse direction, with a splash ... More

Business confidence high: NCAER
BUOYED up by the good factors in the economy, there is a renewed optimism of the business sector now, says the National Council of Applied Economic Research (NCAER) in its continuous tracking of business confidence among a cross section of ... More

Bank credit up Rs 4,911 cr
BANK Credit has increased by Rs 4,911 crore to touch Rs 6,96,551 crore for the fortnight ended January 24. This is inclusive of food credit which declined by Rs 358 to touch Rs 49,784 crore and non-food credit which rose by Rs 5,269 crore to ... More

TN to seek loan for structural adjustment
THE Tamil Nadu Government is likely to approach multilateral lending agencies like the World Bank and the Asian Development Bank for a structural adjustment loan. Simultaneously, the Government intends to get out of all manufacturing activities, ... More

FOREIGN TRADE

Hamriyah Free Zone woos Indian investors
The free zone allows 100 per cent ownership to a foreign company. "If a foreign company were to invest anywhere else in the UAE, it would be mandatory for the company to give a 51 per cent stake to a UAE national." More

HEALTH

Healthcare delivery system `faulty'
THE current healthcare delivery model is tilted in favour of the physician and the introduction of healthcare grading by credit rating agencies should act as a stabilising force, said Mr S.K. Venkataraman, Chief Financial Officer, Apollo ... More

STEEL

Dream run in steel prices: Strike while iron is hot
STEEL companies have had a dream run this fiscal. After a dismal 2001-02, in the first three quarters of which the commodity's prices (and, consequently, the topline of most companies in the sector) fell nearly 15 per cent, the rise in prices ... More

Sustained valuations: Cutting interest costs is key
THE major factors that will govern the improvement in valuations of steel stocks are a possible sustained increase in prices or, at least, stability at current levels for a reasonably extended period, a fall in input costs and a reduction in the ... More

BREWERIES

Duty consensus eludes liquor companies
CONSENSUS has eluded talks between multinationals and Indian liquor lobbies on the fizzy issue of taxing bottled-in-origin (BIO) liquor in the run-up to the budget for the financial year 2003-04. For the third year in succession after lifting ... More

MEDICAL INSTITUTIONS & HOSPITALS

Wockhardt launches 4 speciality hospitals
WOCKHARDT Hospitals today launched four new speciality hospitals at its Mulund complex in Mumbai. The company plans to set up five more hospital complexes in the next three years. The company will invest about Rs 500 crore for setting up of the ... More

PAPER, BOARD & NEWSPRINT

Paper cos turn focus on high-end products
WITH the growing penchant of Indian consumers for impulse buying driving FMCG majors to ratchet up their packaging strategies, the Indian paper industry is planning to pump in significant dollops of investments for the production of high-end ... More

DISINVESTMENT

No better option than sell-off, says Shourie
THE Union Minister for Disinvestment, Communications and IT, Mr Arun Shourie, said that there is no alternative to disinvestment and giving out a loss-making enterprise to someone to reduce the loss is not a solution to revive that ... More

Privatisation of Hoogly Dock, Rajasthan Drugs mooted
THE Disinvestment Commission has recommended privatisation of Hooghly Dock & Port Engineers Ltd (HDPE) as well as Rajasthan Drugs and Pharmaceuticals Ltd through the strategic sale route. In its 17th report submitted to the Government recently, ... More

SMALL SAVINGS

Social security nos for EPF
DR D.P. Shenoy, Labour Secretary, has announced that a social security number for members of the Employees Provident Fund (EPF) Scheme would be released on February 25. He was addressing a seminar on `Working of social security schemes for ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line