Financial Daily from THE HINDU group of publications
Tuesday, September 02, 2003
Markets (Sept. 1)
BL 2501568.22 (+32.47)
BSE Sensex4324.76 (+80.03)
S&P CNX Nifty1375.95 (+19.40)
US Dollar (Buy/Sell)45.80/45.93
Gold Std (10 gm)5690 (+10)

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Move to boost pension reforms — PPF likely to be phased out
THE proposed pension sector reforms are expected to have a major victim, with the Government considering phasing out the hugely-popular three-decade old Public Provident Fund (PPF) scheme. With powerful tax saving and retirement planning ... More

Chennai alone toes CAS line — Mumbai, Kolkata miss deadline
LIVING in Mumbai, Kolkata or Chennai and expecting your favourite pay channels to be yanked off because you did not possess a set-top box (STB)? Well, not really. The Government's ambitious plans of regulating the rather chaotic cable industry ... More

ICICI Venture buys out Tatas in Tata Infomedia
ICICI Venture Funds Management Company Ltd has officially announced its acquisition of the 50 per cent controlling equity stake held by the Tata Group in Tata Infomedia Ltd (TIL). Including an open offer for additional 20 per cent at Rs 176 per ... More

Dumping of a different kind
IT is garbage that has arrived under the garb of used paper. At the receiving end is the public sector Hindustan Newsprint Ltd (HNL) in Kottayam district of Kerala. A portion of an import consignment reportedly shipped from New York to the ... More

Sensex crosses 4,300 mark
THE BSE Sensex on Monday crossed another psychological barrier of 4,300 levels, touching the 30-month high levels on sustained buying support in stocks across sectors. The Sensex moving to free-float from today did not have any effect. ... More

Divestment hurdles fail to stop PSU stocks
THE state-owned companies stocks are among the top picks of the market players despite hurdles in disinvestment. The rising interest in the PSU stocks is evident from the BSE PSU Index touching an all-time high on Monday. On Friday, the ... More

S&P upgrades banking outlook to `stable'
THE global rating agency Standard & Poor's on Monday revised its outlook for the Indian banking system to `stable' from `negative.' However, S&P said the industry risks in the country remain high relative to other developed banking markets. ... More


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