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Rupee strong; gilts rise
Mumbai: The rupee closed marginally stronger on Monday at 48.8150/8200 as
compared to its previous close of 48.8375/8400 against the dollar. The forex
market was almost comatose with hardly 2 paise movement.
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ADR, GDR funds for PSU share buys allowed
Mumbai: After opening up the external commercial borrowings route, the
government on Monday allowed Indian companies to utilise the proceeds of
global depository receipts and American depository receipts for funding the
acquisition of PSU shares.
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Bulls prevail on the bourses
Mumbai: Bulls prevailed over Monday's trading activity. Bears were unable to
make any impact during the day's trading. The sentiment reading of the
tradable counters stands in favour of the bulls. Bear domination on Tuesday
is likely to reduce the bull run.
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Tele Data Info up on orders talk
Mumbai: Tele Data Informatics has been attracting market interest in the
last few days. On Monday, the stock gained 12.17 per cent at Rs 17.05 on the
BSE with volume 5.20 lakh shares.
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Reliance group stocks end firm
Mumbai: The share prices of Reliance companies showed a modest recovery on
the bourses on Monday, notwithstanding the demise of the group's founder.
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Promoters cut stake in Geodesic
The promoters of Geodesic Information Systems have offloaded about 6.88 per
cent in the company during the quarter ended 30 June 2002.
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Sebi sets timeframe for advanced ruling system
Mumbai: The Securities and Exchange Board of India has decided to set in
place a system of advanced ruling to provide solutions for issues under
dispute. The market regulator has set for itself a timeframe of two months
for it.
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Rating agencies invited to check corporate governance
Mumbai: The Securities and Exchange Board of India has invited response from
leading credit rating agencies on whether the latter can institute a way to
measure what its chairman G N Bajpai calls is substance of corporate governance.
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