Financial Daily
from THE HINDU group of publications

Friday, April 27, 2001








Page One

QRs on sugar exports go; futures trading okayed
THE Government has lifted quantitative restrictions on exports of sugar. Further, individual exporters would no longer have to register their contracts with the Agricultural and Processed Foods Export Development Authority (APEDA).

Panel recommends ban of ALBM, BLESS
A SEBI panel has recommended scrapping of the carry-forward trading system from July 2.

JPC set up to go into stock scam
PARLIAMENT today approved the setting up of a 30-member Joint Parliamentary Committee (JPC) to probe the scam in the stock markets in early March this year, almost a decade after a JPC had investigated the securities scam in 1992.

Sivasankaran adds new twist to spectrum, offers Rs 2,500 cr
EVEN as the Group on Telecom and IT (GoT-IT) is grappling with its final recommendations on limited mobility, the Sterling Infotech group, one of the cellular service providers for Tamil Nadu, has offered to pay Rs 2,500 crores for 5 MHz spectrum to reso lve the current impasse.

Hindalco net up 10.7 pc at Rs 678 cr
HINDALCO Industries Ltd has ended 2000-2001 with a 10.72 per cent rise in net profit to Rs 678.1 crore compared to the previous year's Rs 612.4 crore.

GoT-IT submits report
THE group on telecom and IT (GoT-IT) has finally kept its deadline and submitted its recommendation on the controversial issue of limited mobility to the Prime Minister, Mr Atal Bihari Vajpayee.

Wipro expects to be $5-b co by 2003-04
WIPRO Ltd has set a `vision' to become a $5-billion company by 2003-04, according to the Chairman, Mr Azim Premji.

Finance Bill okayed
NEW DELHI: Parliament approved the Finance Bill, 2001, with the Rajya Sabha passing the Bill by a voice vote on Thursday. The CPI(M) however, staged a walk-out before the voting. -- Our Bureau

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