Financial Daily from THE HINDU group of publications
Thursday, October 17, 2002
Markets (Oct. 16)
BL 2501040.26 (-1.25)
BSE Sensex2994.99 (-8.40)
S&P CNX Nifty973.60 (+1.15)
Dollar (Buy/Sell)48.35/48.48
Gold Std (10 gm)5175 (-45)

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UTI inflows turn positive
UNIT Trust of India's (UTI) net inflows have turned positive for the first time in the past 15 months, a clear signal perhaps that investor confidence has returned to the public sector fund plagued by problems the whole of last year. The ... More

Petrol, diesel prices up again
OVER the last two months, consumers of petrol and diesel in the country have seen their wallets getting relatively lighter. Starting from end-August, state-owned oil marketing companies have hiked retail prices of petrol and diesel almost every ... More

IRDA widens scope of `agents'
In its efforts to make insurance products available to maximum number of citizens, the Insurance Regulatory and Development Authority (IRDA) has decided to expand the definition of `corporate agents' to include several grass-root entities such as ... More

Car sales rev up 24% on cheap loans, discounts in September
BUOYED by cheaper loan schemes and discounts, domestic car sales vroomed 23.7 per cent in September 2002. Almost all major automobile companies including Hyundai, Tata Engineering and Hindustan Motors recorded growth, with domestic car sales ... More

Mahathir focus on IT co-operation
THE Malaysian Prime Minister, Dr Mahathir Bin Mohammad, a man known for visionary leadership and for transforming the Malaysian economy into a vibrant, bustling entity, is on a different mission to Hyderabad and Andhra Pradesh — attract IT, ... More

HPCL sells oil bonds at over 50 paise premium
HINDUSTAN Petroleum Corporation Ltd today sold oil bonds worth Rs 150 crore at more than 50 paise premium for a bond of face value Rs 100. The company is the third oil PSU after Indian Oil Corporation and Bharat Petroleum Corporation Ltd to sell ... More

P.S. Pai to lead Murugappa group
MR P.S. Pai has been appointed Executive Chairman of the Murugappa group, "as part of the ongoing effort to professionalise the group." Mr Pai joins the group after serving Wipro Ltd for 23 years, where his last position was Vice-Chairman. Mr ... More

FIPB approves first realty FDI project
ALMOST after a year since the Government announced the opening up of the real estate sector to foreign direct investment (FDI), the Foreign Investment Promotion Board has approved the first FDI project for a 100-acre residential township in ... More

It's birthday `blues' for BSNL
TELECOM major Bharat Sanchar Nigam Ltd (BSNL), which has just completed two years after being carved out of the Communications Ministry, is wary of its next birthday on October 1, 2003. For, the moment it enters year three, it will no longer ... More


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