Online edition of India's National Newspaper
Tuesday, May 18, 2004
Sensex hurtles down 565 points
MUMBAI, MAY 17.The stock markets became a casualty of the prevailing uncertainty about future economic policy of the new government with the biggest ever recorded fall of stock indices today. `Black Monday' saw the benchmark BSE 30 share ...
Credit Policy may define regulatory roles
CHENNAI, MAY 17.The annual Credit Policy will be presented tomorrow by the Reserve Bank of India. At least two factors make this policy statement challenging. After the electoral verdict a new Government has not yet been formed and although there ...
Market will stabilise: SEBI
MUMBAI, MAY 17.Warning market manipulators of strong action, the Securities and Exchange Board India said today a free fall in stock market indices was driven by sentiment and it is expected to stabilise over the next few trading sessions. ...
RBI dollar sales prop up rupee
MUMBAI, MAY 17. The Reserve Bank of India's timely dollar-selling intervention helped the rupee rally smartly against the US currency today after it met with severe early pressure and touched 46-dollar levels, pulled down by heavy dollar demand ...
Interest rates on FRBs
MUMBAI, MAY 17.The Reserve Bank of India has announced the interest rate on floating rate bonds (FRBs) 2006 and 2014. The interest rate on FRB 2006 applicable for half-year May 22, 2004 to November 21, 2004 has been fixed at 4.37 per cent per ...
BusinessObjects, Wipro in tie up
NEW DELHI, MAY 17.BusinessObjects, a provider of business intelligence products and solutions, today announced its tie-up with Wipro Infotech aimed at strengthening the latter's position in the business intelligence market that is expected to ...
Kotak Mahindra to consider bonus
MUMBAI, MAY 17.Kotak Mahindra Bank will consider a bonus issue of equity shares in its May 25 board meeting. The board will consider declaration of bonus shares through capitalisation, subject to necessary approvals, the bank said in a release ...
Mastek approves share buy-back
MUMBAI, MAY 17.Mastek has approved buyback of its equity shares of up to 10 per cent of the total paid-up capital and free reserves of the company at a price not exceeding Rs. 320 per equity share with a total maximum outgo of Rs. 10.93 crores. ...
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