Financial Daily from THE HINDU group of publications
Thursday, April 10, 2003
Markets (April 9)
BL 2501062.60 (-11.25)
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Dollar (Buy/Sell)47.44/47.57
Gold Std (10 gm)5130 (+50)

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SBI Life keen to enter 55-plus pension scheme
There is growing opposition to the Government's decision to allow the corporation the privilege of offering pension for persons above 55 years under the scheme announced in the Budget now taking shape. Taking the lead to attempt to pierce ... More

Naik hints at cut in petrol, diesel prices
THE Petroleum Minister, Mr Ram Naik, on Wednesday indicated that the oil marketing companies may reduce the retail prices of petrol and diesel in view of the recent fall in global crude oil prices. The companies are due to review the retail ... More

Bajoria, `others' declare 4.9% stake in Bombay Dyeing
THE Kolkata-based jute baron, Mr Arun Kumar Bajoria, is back in the news. He and his associates on Wednesday disclosed their acquisition of 4.9 per cent stake in Bombay Dyeing and Manufacturing Company to the stock exchanges. A Bajoria entity ... More

Banks want PLR floor kept at 10.5 pc
PUBLIC sector banks have approached the Reserve Bank of India for fixing a floor rate of 10.5 per cent as the prime lending rate. High-level banking sources said here that they had sought this in view of the severe undercutting of interest ... More

`No SARS case found till Tuesday'
THE global outbreak of Severe Acute Respiratory Syndrome (SARS) found its repercussions in Parliament here today. The Union Health Minister, Ms Sushma Swaraj, said that no cases of SARS had been reported in India till Tuesday. Steps had been ... More

ICAI wants IT in accountancy, commerce courses
THE Institute of Chartered Accountants of India (ICAI) would like rural universities to include information technology in their accountancy and commerce courses at the undergraduate level. ICAI has underlined the significance of IT especially ... More

Norms for corporate assets, shares — DCA expert group outlines model code for valuers
According to the committee, the valuation norms should also be applicable to all unlisted public companies accepting public deposits with a minimum net worth of Rs 25 crore or minimum turnover of Rs 150 crore. More


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