Financial Daily from THE HINDU group of publications
Friday, April 04, 2003
Markets (April 3)
BL 2501060.55 (+11.83)
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Dollar (Buy/Sell)47.36/47.49
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Indian promoters of banks may be allowed higher stake
PARITY may soon be restored for Indian promoters of domestic private sector banks, with the Ministry of Finance examining the possibility of permitting them to hold a higher stake, which might even go up to 74 per cent as was recently allowed for ... More

Jaswant promises no `shocks' in oil prices
THE Union Finance Minister, Mr Jaswant Singh, today assuaged fears of oil prices shooting up because of the war in Iraq. Mr Singh reassured a gathering here that volatility in crude oil prices has already been absorbed by the country and the ... More

Corporates, institutions join US-64 units rush
SEVERAL corporates and large investing institutions are actively buying US-64 units - cash income (CI) Rs 12 and CI Rs 10 - from the secondary market with trading in the most popular mutual fund unit in the country crossing 20 lakh units ... More

War and virus take toll on global meets
THE war in Iraq combined with the killer flu in Asia has dealt a body blow to the domestic travel, conference and tourism industry. Reeling under the impact, several international conferences that were to be held in the country are either being ... More

Dabhol offshore lenders vote for termination of power purchase pact
A release issued by representatives of the offshore lenders cited lack of progress towards "viable restructuring'' of the 2,184-MW power project, which has been lying shut since June 2001, as one of the reasons for the "reluctant'' decision. More

SAB among FDI plans cleared
THE Finance Minister, Mr Jaswant Singh, on Thursday cleared 52 foreign direct investment (FDI) proposals amounting to Rs 321 crore. These include proposals from Principal Financial Group, South African Breweries, AB Electrolux and Caterpillar ... More


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