Financial Daily from THE HINDU group of publications
Saturday, September 03, 2005
Markets (Sept 2)
BL 2502382.13 (+7.80)
BSE Sensex7899.77 (+23.62)
S&P CNX Nifty2415.80 (+10.05)
US Dollar (Buy/Sell)43.81/43.94
Gold Std (10 gm)6380 (+95)

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Govt to sell 8 pc stake in Maruti to public sector FIs
THE Government has decided to offload eight per cent stake in Maruti Udyog Ltd (MUL) to public sector financial institutions. At the current market price of Rs 513, the sale of eight per cent stake will fetch Rs 1,092.69 crore to the ... More

Promoters, pvt investors in selling mode as stock prices rise
WITH stock prices of several companies at all-time high levels, some promoters and big investors, especially private equity investors, are cashing in by selling their stakes. This trend has increased in the last three months. Disclosures made ... More

Access deficit charge review: DoT asks TRAI to consult Govt
IN an unprecedented move, the Department of Telecom (DoT) has asked the Telecom Regulatory Authority of India (TRAI) to share its views on the issue of Access Deficit Charge (ADC) with the Government before taking any decision. Fixing ADC so ... More

CAs may be roped in for excise audits — Finance Ministry in talks with ICAI
THE 65,000-odd practicing chartered accountants may soon get more professional opportunities coming their way, with the Finance Ministry looking to leverage their expertise for excise duty reviews or audits. Faced with a sluggish growth in ... More

5 ICICI Bank staff suspended for exceeding trading limits
FIVE employees of ICICI Bank Ltd including three officers in the treasury department were suspended for over stepping their trading limit thereby causing losses to the bank. The loss incurred was said to be to the tune of Rs 1 ... More

SEs told to keep separate window for block deals
IN order to facilitate the execution of large trades through a single transaction, the Securities and Exchange Board of India has asked stock exchanges to provide a separate trading window for block deals. A trade, with a minimum quantity of ... More

MFs find little interest in debt schemes, turn to public provident fund
MUTUAL funds are beginning to feel the heat of high interest rates offered by the provident funds and some of the MFs were already facing negative accretions, especially the debt schemes. Sources said that some of the funds debt schemes were ... More

Decision on petro products price hike likely next week
THE Petroleum Minister, Mr Mani Shankar Aiyar, on Friday indicated that the Cabinet meeting scheduled for early next week might consider allowing the refiners to increase prices of the petroleum products. When asked about the fuel prices in ... More

Cheaper food, chemicals peg inflation down
THE annual wholesale price index-based inflation rose 3.08 per cent during the week ended August 20, slowing from the previous week's annual rise of 3.13 per cent. The slowdown was largely on account of a fall in prices of food and chemical ... More

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