The Hindu Business Line : Wednesday, April 30, 2003

Static officialdom
MORE than 50 years down the road from Independence, Indian officialdom is still strangely hung up on many of the quirky customs handed by the British imperial masters of yore. Right on top is the hierarchical, note-writing, people-hostile system ... More

FINANCIAL SCAN

Bonds and rising rates: Buyback to the rescue?
THE Guv has finally made the call. In his Annual Monetary and Credit Policy for 2003-04, Dr Bimal Jalan was pretty clear. He says that, "on balance of probabilities, given normal conditions and overall stability in macroeconomic environment ... More

REFLECTIONS

Of black-coated TCs and ticketless travel
By the time the train pulled out of Dadar Station, the reserved compartment was full with railway workers. They probably have a proprietary right to travel free and in comfort. No TC came to check the passengers. Anyone could have travelled to Chandr apur without a ticket and one is still holding on to it as a collector's item. More

MICROSCOPE

Grasim: Resting on solid gains
A COMBINATION of good volumes in cement, which has offset lower prices to some extent, and continuing strength in its viscose staple fibre (VSF) business has helped Grasim Industries post a strong show in the January - March 2003 quarter. Its ... More

Tata Chem: Starting with a clean slate
PRUDENT provisioning appears to have saved Tata Chemicals' financials from considerable damage due to the recent revision in urea retention prices, with retrospective effect. The contingency provision that the company had made to meet this ... More

ON MINT STREET

Bets on rains ignoring rural credit
CREDIT policy essays in general have never been strong on credit flows to agriculture and the services sector. The Monetary and Credit Policy for 2003-04 measures economic growth in terms of fund offtake by the commercial sector. But no numbers ... More

EAR TO THE GROUND

Today's Writing up on partner hopes
THE stock of Today's Writing Products has been moving up sharply in the last two weeks, from Rs 11 to Rs 28. There was active buying in the counter on Tuesday and the stock closed at Rs 28.20, up 9.94 per cent with a volume of 1.28 lakh shares on ... More

SENSOR

Pressure at end of day wipes out gains
THE bounce back of the international indices caused the markets to open on Tuesday on a positive note. However, selling pressure towards the end of the day wiped out some of the gains. With stock specific gains, the benchmark indices ended the ... More

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