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

Friday, October 12, 2001

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Page One

Sensex shares post-Sept 11 -- Market cap slides, trading volumes up
EXACTLY one month after the terrorist attack on the World Trade Center and the bloodbath which took place across stock markets globally, the Indian capital market is witnessing hectic buying interest. Thanks to the perception of share prices bottoming ou t.

Arbitration proceedings -- Dabhol gets restraint order from UK court
THE Commercial Court of London has given an ex-parte order restraining the Maharashtra Government from filing a suit in India challenging the international arbitration proceedings initiated by Dabhol Power Company (DPC).

MTNL, BSNL in long distance talks
PUBLIC sector telecom majors Bharat Sanchar Nigam Ltd. (BSNL) and Mahanagar Telephone Nigam Ltd. (MTNL) are in talks to form a joint venture for offering international long distance services once Videsh Sanchar Nigam Ltd. (VSNL) monopoly ends in April 20 02.

Insurance cos asked to set up catastrophe a\c
THE Insurance Regulatory and Development Authority (IRDA) has directed all the general insurance companies both public and private sector to create a catastrophe reserve account (CRA).

TVS-Suzuki Q2 net dips to Rs 10.39 cr
TWO-WHEELER maker TVS-Suzuki Ltd today reported a net profit of Rs 10.39 crore for the second quarter ended September 30, 2001, a fall of 48.67 per cent from Rs 20.24 crore posted in the quarter ended September 30, 2000.

Don't post it...er... the `card'
THE postman's role in the everyday life of the common man may get larger if the postal department successfully implements a proposal currently on the drawing board. The Department of Posts (DoP) is mulling over a proposal to introduce a pre-paid, `omnibu s card.'


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