Financial Daily from THE HINDU group of publications
Friday, July 04, 2003
Markets (July 3)
BL 2501298.22 (+6.21)
BSE Sensex3639.89 (+38.50)
S&P CNX Nifty1144.65 (+10.85)
Dollar (Buy/Sell)46.35/46.48
Gold Std (10 gm)5380 (-10)


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US co offers to buy into Exide — A move towards settlement on brand name use?
THE $3.5 billion Exide Technologies, the US-based battery giant, has offered to buy a strategic minority stake in the Rajan Raheja controlled Indian rival — Exide Industries Ltd. This is seen as part of an out-of-court settlement between ... More

Indian appointed IMF Chief Economist
THE International Monetary Fund (IMF) has appointed Dr Raghuram Rajan, Professor of Global Finance at the University of Chicago, has its new Chief Economist. The timing of the 40-year-old Dr Rajan's selection to the high-profile post - ... More

Banks, pharma stocks spearhead bull run
BANKING and pharmaceutical companies led a spectacular broad-based rally in the stock markets on Thursday, adding fuel to a bull run that has led many to believe that the `big wave' is finally here. The benchmark 30-share Sensex of the Bombay ... More

France Telecom may disconnect from India
For the time being, it continues to hold on to its minority stake (26 per cent) in BPL Mobile, which offers cellular services in the Mumbai circle. More

`India is a strategic market for Coke'
INDIA has emerged as one of the fastest growing markets for Coca-Cola Company globally. Coca-Cola India was completing a decade in the country this year since it re-entry, Mr Patrick Siewert, Group President, East & South Asia, told ... More

Zone-wise CAS rollout likely in Delhi, Mumbai
IT could well be a staggered rollout of the conditional access system (CAS) if the Government agrees to the recommendation of a zone-wise implementation made by multi-system operators (MSOs) and cable operators on Thursday. According to their ... More

i-flex CMD listed among tech crash survivors
MR RAJESH Hukku, Chairman and Managing Director of i-flex Solutions, which makes software for banking and financial services sector, has been recognised by Time magazine as one of the tech leaders who have survived the technology crash. ... More

Stanchart arm to invest in NDTV
STANDARD Chartered Private Equity Ltd (SCPEL) will be investing around $11 million in television company NDTV. SCPEL is the global private equity arm of Standard Chartered Bank, based in Singapore. NDTV has entered into an agreement with SCPEL, ... More


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