THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Friday, November 02, 2001

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Page One

Risk containment measures approved -- SEBI puts 31 scrips on futures trading
THE Securities and Exchange Board of India board on Thursday approved the scheme and risk containment measures for individual stock future contracts in 31 scrips on which options trading is currently permitted.

Asian Paints buys powder coatings unit
ASIAN Paints Ltd (APL) has acquired the powder coatings business of the Mumbai-based Hawcoplast Chemicals Ltd for a consideration of Rs 16 crore.

Maruti stops production for 3 days
DIFFICULT market conditions has forced Maruti Udyog Ltd to undertake a production halt for three days starting today, company officials said.

Rakesh Mohan remains Sinha's aide
IN a major volte-face, the Government decided to retain Dr Rakesh Mohan as Economic Advisor to the Finance Minister, Mr Yashwant Sinha, just a few hours after an office order was circulated in the Finance Ministry accepting Dr Mohan's resignation with ef fect from October 31.

 Insurance Bill for intermediaries soon: Sinha
THE Finance Minister, Mr Yashwant Sinha, has prescribed a broad course of action for future insurance reforms including the need to strengthen the supervision and regulation in the sector and better market participation in decision-making by promoting se lf-regulatory organisations.

Revenue Dept to study impact of buybacks
THE Revenue Department is set to examine the long-term revenue implications of share buyback by companies and its impact on the transparency of accounting transactions.

Philips buys 77 pc in CG Glass
ROYAL Philips Electronics N.V (Philips) has acquired a 77 per cent stake in CG Glass through an open offer made a few months ago.


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