Financial Daily from THE HINDU group of publications
Wednesday, August 27, 2003
Markets (Aug. 26)
BL 2501487.02(+57.23)
BSE Sensex4152.29(+147.66)
S&P CNX Nifty1318.20(+47.10)
US Dollar (Buy/Sell)45.83/45.96
Gold Std (10 gm)5490

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As investors put fears behind — Markets recoup, Sensex gains 147
THE stock markets dampened by Monday's twin bomb explosions in Mumbai , bounced back confidently today as investors returned to make purchases. Brushing aside fears of violence, they helped wipe out the previous day's losses. The Finance ... More

Blasts may not impact advertising
AS reports of Monday's twin blasts began to be carried on the news networks, some advertisers pulled their ads from Tuesday's publications in Mumbai for fear that a bandh in the city would disrupt business. But publications expect that few ... More

NHAI abandons plan to wire up highways
MORE than a year after unveiling its ambitious plan of laying telecom ducts along the 10,000-km-long Golden Quadrilateral and North-South corridor, National Highways Authority of India (NHAI) has finally abandoned the exercise citing the low ... More

Bajaj Hind acquires Monnet Sugar plant
IN what could herald a process of capacity consolidation in the sugar industry, Bajaj Hindustan Ltd has acquired the 5,000-tcd plant of Monnet Sugar Ltd at Unn (Muzaffarnagar district) in Uttar Pradesh. The deal, said to be for a consideration ... More

Nitish Kumar rules out Railway PSUs sell-off
THE Railways Minister, Mr Nitish Kumar, has ruled out disinvestment of companies such as RITES, IRCON and CONCOR that are under his Ministry. "As of now, the Government has decided to keep Railway public sector undertakings (PSUs) out of the ... More

Distribution problems hit `Pure Life' — Nestle India to exit water business
IT has always been choppy waters for Nestle India's bottled water businesses. First it's Perrier and San Pellegrino brands of carbonated water ran into rough weather. And today, after more than two years of trying to get its act right with ... More


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