Financial Daily from THE HINDU group of publications
Friday, February 07, 2003
Markets (Feb. 06)
BL 2501112.24 (+15.20)
BSE Sensex3305.44 (+49.36)
S&P CNX Nifty1063.60 (+16.20)
Dollar (Buy/Sell)47.68/47.81
Gold Std(10gm)5910 (-90)

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Kotak Mahindra gets nod for bank
KOTAK Mahindra Finance Ltd has been awarded the licence to commence its banking business by the Reserve Bank of India. The bank is to be called Kotak Mahindra Bank Ltd and is likely to commence operations before March 31. "Ours is the first ... More

Reliance WLL offer queers cell pitch
According to cellular industry officials, this is a clear violation of the licence conditions and the assurance given to them that the limited mobility services would be restricted to the short distance charging area (SDCA). More

PepsiCo seeks to change terms for franchisee buy
WITH the Coca-Cola disinvestment issue still hanging fire, it now seems to be the turn of the other soft drink multinational, PepsiCo, to join the bandwagon against decisions taken by the Foreign Investment Promotion Board (FIPB). PepsiCo has ... More

Toyota Kirloskar mulls Corolla variants
TOYOTA Kirloskar Motor (TKM), the joint venture subsidiary of Toyota Motor Corporation, Japan, is mulling the launch of two variants of the Toyota Corolla, even as the top end mid-size car, its latest introduction, is being nationally rolled out ... More

HC dismisses plea against oil PSUs' sale
The Division Bench observed that the petition was not maintainable as the questions raised in the petition were identical to those in the BALCO case. More

Here cometh banana in a bottle
IF the Indian Council of Agricultural Research (ICAR) has its way, one just might see a `kela' (banana) soft drink emerging as a healthy alternative to the colas! Coming at a time when cola majors are looking at coconut water, among other ... More

Tata TD quits as primary dealer
TATA TD Waterhouse Securities Pvt Ltd, Mumbai, has requested cancellation of its primary dealership licence. With the Reserve Bank of India acceding to its request, Tata TD Waterhouse Securities ceases to be a primary dealer with effect from ... More

Pichler is new Chairman of Thomas Cook (I)
THOMAS Cook India Ltd (TCIL) has announced the appointment of Mr Stefan Pichler, Chairman & CEO, Thomas Cook AG, as its new chairman. The appointment will take effect after the conclusion of the company's annual general meeting on February 24. ... More

Make hay when shines!
People waiting to sell gold at Zaveri Bazar in Mumbai on Thursday to take advantage of the rising prices of the yellow metal. After touching a high of Rs 6,000 on Wednesday, prices, however, fell by Rs 90 per 10 gm in the bullion market. Standard ... More


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