Financial Daily from THE HINDU group of publications
Thursday, June 19, 2003
Markets (June 18)
BL 2501245.72 (+12.11)
BSE Sensex3430.96 (-0.07)
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Dollar (Buy/Sell)46.56/46.69
Gold Std (10 gm)5540 (+10)

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OPINION

EDITORIAL


Value lost
THE PUBLIC FINANCIAL institutions have not acquitted themselves too well in acquiescing to the new terms of demerging Larsen & Toubro's cement division that have allowed Grasim Industries to acquire the division in a negotiated deal rather than ... More

ACCOUNTANCY


Adding to value debate
S. Ramanujam on the changes that could come upon the valuation of corporate assets More

Auditors as sentinels
THE role of auditors and accountants in the working of a company has come in for a close examination in the US. One of the major conclusions drawn on such scrutiny is that auditors should not be allowed to acquire any vested interest in a ... More

Fight the bulls to their bleeding death
EVEN as E&Y is getting bashed up for peeking into toilets and getting a fee, Deloitte Consulting is on a different cleaning mission. It is distributing free software that can identify jargon in documents. Bullfighter, as the package is ... More

POLITICS


Of `choreographed diplomacy' and more
The Americans are not only good at marketing their colas and burgers, but also dreams. Now they are trying to sell India the dream of occupying its "rightful place as an emerging superpower". And how? By cleaning up the mess created by them in Ira q. Isn't the huge number we have lost, and continue to lose, in Jammu and Kashmir enough, asks Rasheeda Bhagat. More

Transfer pricing
TRANSFER of government servants is an economic activity and, as such, costs and prices are concomitant. Yet, we seem to go into spasms of wailing and breast-beating when money exchange is involved for posting or transfer, ignoring that, even ... More

FOREIGN DIRECT INVESTMENT


Why FDI is welling up behind the Wall
FOREIGN direct investment (FDI) approvals in India plunged to $2.3 billion in 2002, the lowest since 1993. The fall was despite the country being one of the few which sustained its GDP growth amidst the global recession. Economic logic has it ... More

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