The Hindu Business Line : Wednesday, August 06, 2003

IEO at IMF
RESPONDING to criticism that the IMF has been riding rough-shod over member-Governments, its Executive Board set up in August 2001 an Independent Evaluation Office (IEO), with Mr Montek Singh Ahluwalia, former Member of ... More

FINANCIAL SCAN

Rupee: Gains will continue
THE rupee is on a bull run. Over the past year or so, it has moved up from the Rs 49 level to a little over Rs 46 against the dollar, translating into appreciation of about 6 per cent. In this period, China, India's biggest trade rival, has ... More

REFLECTIONS

Retiring in style
PLENTIFUL July rains filled the rice fields with water. A large sized frog, squatting on the wet and muddy path to Lachman Singh's hut, was staring vacantly into space. A bhaiya working on the rice field priced the frog at around Rs 300 if ... More

DOWN TO EARTH

Politics of farm interest rates
In the context of the cap on farm loan interest rates announced by the Finance Minister and the Prime Minister, Sharad Joshi traces the history of the protection farmers in debt got even in pre-Independent India, and says that with agriculture becoming a losing proposition because of the vicissitudes of nature and the tyranny of policies, the Government should see reason. More

FOCUS

For private urea producers ...
Group pricing pinches, but does not bite
COMPANIES manufacturing and marketing urea have just reported their first financial numbers after they made the crucial transition from a cost-plus system of subsidy to one that reimburses each producer just a flat sum, irrespective of costs. ... More

EAR TO THE GROUND

Buoyed by institutional interest
A LARGE foreign brokerage house was seen shopping for Tata Teleservices shares in the market on Tuesday. The market grapevine has it that a private equity fund is interested in buying a stake in the Tata group company. According to dealers, ... More

ON THE HEDGE

Reliance: Outlook negative, buy August 340 puts
THE following strategies are based on Tuesday's trading in the derivatives segment on the NSE: Equity options Reliance Industries: The outlook on this stock is negative. The downside price target is Rs 320. The upside risk level ... More

SENSOR

Winning streak ends, Sensex tumbles
THE markets snapped a nine-day winning run as selling in frontline index stocks such as Reliance Industries, State Bank of India and Hindustan Lever saw the BSE Sensex tumble by 66.68 points to close at 3765.82 points. ... More

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