Financial Daily from THE HINDU group of publications
Wednesday, November 05, 2003
Markets (Nov. 4)
BL 2501760.97 (+22.29)
BSE Sensex5097.84 (+34.81)
S&P CNX Nifty1618.70 (+17.05)
US Dollar (Buy/Sell)45.28/45.41
Gold Std (10 gm)5690 (-70)

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Hedging of foreign currency loans not mandatory: Reddy
HEDGING of corporate loans above $10 million is not mandatory, the RBI Governor, Dr Y. Venugopal Reddy, said in an interview with Business Line. He also made it clear that the RBI, IRDA and SEBI will jointly monitor Systemically ... More

FIs should invest only in rated securities: RBI
FINANCIAL institutions should invest only in rated securities, which carry a minimum investment grade rating from a credit rating agency registered with SEBI, according to the draft guidelines issued by the RBI on Tuesday. The FIs should not ... More

Additional entry fees for WLL services — Basic operators to withdraw appeal in SC
IN a positive development for the litigation-ridden telecom sector, the private basic operators have decided to withdraw their appeal in the Supreme Court against the judgment of the Telecom Dispute Settlement Appellate Tribunal (TDSAT) seeking ... More

No decision yet on foreign airlines in domestic sector
THE Government is yet to take a final view on either allowing foreign airlines into the domestic sector or making changes in the Foreign Direct Investment ceilings in the sector, senior officials said here on Tuesday. "The Ministry of Civil ... More

Earnings growth at 31.7 pc in Sept quarter
A SUBSTANTIAL decline in interest costs and spurt in other income have helped India Inc overcome pressures on operating profits and report a healthy growth of 31.7 per cent in post-tax earnings. Topline growth has been much lower at 11.3 per ... More

Preserve holistic approach: Prince Charles
IT was a royal recognition for Mumbai's dabbawallas. Britain's Prince Charles, on a nine-day tour of India, met up with the city's meal providers, whose distribution of tiffin boxes is a case study globally on efficient logistics. "I have just ... More


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