Financial Daily from THE HINDU group of publications
Friday, November 21, 2003
Markets (Nov. 20)
BL 2501698.32 (-22.84)
BSE Sensex4771.23 (-52.50)
S&P CNX Nifty1522.30 (-18.30)
US Dollar (Buy/Sell)45.72/45.86
Gold Std (10 gm)5935 (-5)

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`Tech power' India gets poor billing — Just four ranks away from ITU's `Low Access' category
IT is not just the broad economic parameters that China is racing ahead of India, but even in the information and communication technology (ICT) sector, which is believed to be the traditional stronghold of the country. The digital access index ... More

Rupee sheds 14 paise; forward premia flat
THE rupee lost another 14 paise on Thursday closing weaker at 45.77/78 against the dollar in a volatile forex market, compared to Wednesday's close at 45.64. The domestic currency has fallen by 40 paise since last Thursday at 45.38. The rupee ... More

BPO sector may witness a few IPOs next year
SOME of India's business process outsourcing (BPO) companies may go public next fiscal as their revenues swell to a critical size, costs are well controlled and profits surge. Top tier BPO companies, which employ thousands of people and work ... More

Farmers' own `curdy' pesticide
NOWADAYS Dilip Singh Chawla of Rajpura village in Madhya Pradesh's Dhar district saves the leftover curd in his house in an earthen pot. The curd is allowed to accumulate for 15 days before he mixes it with neem leaves or oil, cow dung, cow ... More

SEBI reduces time period for book closure
The Securities and Exchange Board of India (SEBI) has reduced the time period for record date and book closure with immediate effect following the representation received from various quarters of the securities market. In a statement on ... More

IBA group to study PLR issues
THE Indian Banks' Association (IBA) on Thursday decided to form a group to study the draft guidelines and related issues of the benchmark prime lending rate (PLR). The Management Committee of the IBA met to discuss the issue of the PLR for ... More


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