The Hindu Business Line : Wednesday, October 01, 2003

Powered by manufacturing, services sectors — First quarter GDP grows 5.7 pc
THE Indian economy has registered a healthy growth rate of 5.7 per cent during the first quarter of the current fiscal, over and above the 5.3 per cent figure for the corresponding period of 2002-03. What is particularly encouraging about the ... More

ONGC, Wipro to have lower weightage in Sensex
ONGC and Wipro, the new entrants to the BSE Sensex list, will not have higher weightage in the benchmark index despite having large market capitalisation due to low floating stock of these companies. According to the BSE, the weightage of ONGC ... More

Nine new bidders for 22 oil, gas blocks
BRITISH energy major BG, Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL) and Russia's Zarubezneftgaz, were among the nine first time bidders for the 24 oil and gas exploration blocks offered under the fourth ... More

SBI slashes housing, auto loan rates
STATE Bank of India (SBI) has decided to make housing loans and auto loans cheaper for its customers by 25-150 basis points from October 1. Apart from slashing interest rates on its retail loans, the bank has also introduced new tenure brackets ... More

Current account shows $1.2 b deficit in April-June period
THE country's current account has registered a deficit of $1.2 billion during the April-June 2003 period, reversing a trend of surplus positions for six consecutive quarters since the third quarter of 2001-02. During this period, quarterly ... More

ONGC extends comfort letter to MRPL for raising Rs 450 cr
THE ONGC board of directors has offered to extend a comfort letter for Rs 450 crore to enable its subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL) to raise funds for its working capital. Mr Subir Raha, Chairman, told reporters after ... More

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