Financial Daily from THE HINDU group of publications
Thursday, April 24, 2003
Markets (April 23)
BL 2501007.28 (-6.77)
BSE Sensex2947.33 (-38.21)
S&P CNX Nifty934.20 (-9.30)
Dollar (Buy/Sell)47.30/47.43
Gold Std (10 gm)5270

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ACCOUNT SPEAK


Nothing to share
GIVEN a choice, not many may opt to meet an accountant in preference to a dentist, salesman or an ex-spouse. Accountants shun people; and vice versa. So, when the American Institute of Certified Public Accountants (AICPA) joins an initiative to ... More

IMPRESSIONS


Uncertain prospects
YEAR1999. Rumblings began when the giant finance company Long Term Capital Markets collapsed all too suddenly. What ensued in the following years is an unprecedented avalanche; bottoming out of hi-tech companies, disappearance of dotcoms and ... More

MICROSCOPE


Reliance: Profitability under pressure in Q4
It is interesting to note that interest costs have actually declined, both during the quarter and the year meaning that the pressure on profits has been entirely from manufacturing and raw material expenditure. More

BILT: Staying behind its peers
FOR yet another quarter, Ballarpur Industries Ltd (BILT) has turned in earnings numbers that are modest in comparison to other players in the industry. A combination of flat revenue growth (1.5 per cent) and a sharp spurt in tax outgo has ensured ... More

ON MINT STREET


The hidden cost of cheap-funding FCI
FOOD credit is a given, constant factor of the financial system and no bank can demur from funding the sick Food Corporation of India (FCI). The RBI orders most of the nationalised banks to put up funds at around 11 per cent (the prime lending ... More

EAR TO THE GROUND


Results still weighing down HLL
FAST moving consumer goods giant Hindustan Lever Ltd (HLL) seems to be reeling under the disappointing numbers it posted for the quarter. Dealers said that the counter has been witnessing some selling pressures over the past few days and ... More

ON THE HEDGE


Tata Steel: Outlook negative, buy May 125 puts
THE following strategies are based on Wednesday's trading in the derivatives segment on the NSE: Equity options Tata Steel: The outlook on this stock is negative. The downside price target is Rs 115. The risk is that momentum buying ... More

SENSOR


Good numbers fail to enthuse market
THE Benchmark BSE Sensex spiralled down on Wednesday as index heavyweights continue to drag it down for the second consecutive day. The strong quarterly growth earnings registered by Reliance Industries failed to induce buying interest in the ... More
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In Focus
Run-up to Budget
Kelkar Report
Bottled water: How safe is it?
Telecom Competition
Oil PSUs: Disinvestment dilemma
Housing Fin. rate war: Bonanza for consumers!
NPAs in Banking
Truckers' Strike
In Depth
Simple Economics
Consumer Notes
Tax Talk
The Brahmananda collections
NRIs & Investment Avenues
Corporate Governance
Gold: Still the winner?
Cars: Always a beauty
Railway Budget
Budget 2003-04
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