Financial Daily from THE HINDU group of publications
Wednesday, June 04, 2003
Markets (June 3)
BL 2501174.23 (-0.90)
BSE Sensex3181.97 (-24.41)
S&P CNX Nifty1010.65 (-4.50)
Dollar (Buy/Sell)46.94/47.08
Gold Std (10 gm)5655 (+20)

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BSNL looking at mobile handsets assembling
EVEN as Bharat Sanchar Nigam Ltd (BSNL) is confident of becoming the single largest cellular operator by end-June, it is also examining the feasibility of assembling mobile handsets at its existing telecom factories spread across the ... More

IA fleet acquisition may be delayed by a year
DESPITE the pre-Public Investment Board (pre-PIB) meeting for firming up the Rs 10,089-crore 43-Airbus aircraft fleet acquisition plan of Indian Airlines (IA) being scheduled for June 12, the actual induction of the aircraft is likely to be ... More

Broadcasters told to announce pay channel rates by June 10
EVEN as the cable operators today announced that at least 45 channels would be available in the basic tier, the Government has asked broadcasters to specify which channels would remain pay and which would go free-to air (FTA) and announce prices ... More

GAIL, IOC in race for Haldia Petro
GAIL (India) Ltd and Indian Oil Corporation (IOC) are in the race to acquire management control of Haldia Petrochemicals Ltd (HPL). "IOC proposal (for 26 per cent stake) still stands. Now GAIL too is willing to pick up to 26 per cent stake. It is ... More

SEBI puts onus on AMC chief for MF risk management
IN a significant decision, the Securities and Exchange Board of India (SEBI) has ruled that the Chief Executive Officer (CEO) of an asset management company (AMC) would be responsible for the overall risk management function of the mutual fund. ... More

Banks, FIs can now deal in interest rate derivatives
SCHEDULED commercial banks, financial institutions and primary dealers may now transact in interest rate futures on notional bonds and T-Bills for the limited purpose of hedging the risk in their underlying investment portfolio. In its ... More

Auto parts industry has potential to go global: ICRA
EVEN as the Indian automotive components industry is emerging as an outsourcing hub for global automotive majors, this trend will gain momentum as Indian manufacturers consolidate exports in those segments that are growing at a brisk pace in the ... More

Electrolux Kelvinator faces another litigation
ELECTROLUX Kelvinator Ltd (EKL), the entity formed by the merger of Electrolux India Ltd and Intron Ltd, faces another legal hurdle. Close on the heels of successfully sorting out the hiccups on the proposed rights issue, the company is now ... More


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