Online edition of India's National Newspaper
Tuesday, October 29, 2002
Online edition of India's National Newspaper Tuesday, October 29, 2002 |
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Cabinet nod to amend SEBI Act, repeal UTI Act NEW DELHI, OCT. 28. The Union Cabinet today approved the promulgation of two ordinances — one to amend the Securities and Exchange Board of India (SEBI) Act to give it enhanced powers and the second to repeal the UTI Act, 1963 to give ... HLL, RIL reel under pressure, Sensex drops MUMBAI, OCT. 28. Reeling under consistent selling pressure, heavyweight counters HLL, RIL and others dropped sharply pushing the Sensex down by another 41 points at close on the Bombay Stock Exchange today. A leading U.S. based foreign fund was ... Sharp fall in rupee MUMBAI, OCT. 28. The rupee fell sharply by five-and-half paise against the dollar to end at six-week closing low of 48.42/43 on sustained dollar demand by banks and corporates at the interbank foreign exchange market today. Apart from the ... Polaris-OrbiTech merger raises many questions CHENNAI, OCT. 28. The Citi Group's outfit OrbiTech Solutions Ltd. will be merged with Polaris Software Lab. But this will be done at a revised swap ratio of 10.66:25 as against the originally planned 14:25 ratio. Among varied reasons touted for ... Bank of India plans second VRS MUMBAI, OCT. 28.Bank of India is planning for a second voluntary retirement scheme (VRS) to reduce its work-force by another 3,000 from the total number of 46,000. While announcing the financial results of the bank here today , K. V. ... POINT COUNTERPOINT Pre-budget consultation — Ritual or fetish? The Finance Minister, Jaswant Singh, is evidently a votary of transparency in the budget-making exercise. He has said that the consultations this year will begin through e-mail. The report of the taskforce on indirect taxes will be available on ... Other Stories
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