|
-: Advertisement :-
-: Advertisement :-
Headlines
|
News:
Musharraf greets Narayanan on I-Day
DMK Issue rocks Parliament, Rajya Sabha adjourned
Pak elections to be held in Oct 2002
Pak willing to maintain "friendly" relations
Musharraf expresses concern over internal threats to Pak
Pak denies Indian charge of not adequately prepared for Summit
Johari released on conditional bail
GoM clears Electricity Bill, 2001
West Bengal considering to grant special status to tea sector
SEBI meets today on demutualisation of bourses
BSE:Sensex continues to move in narrow range at early stages
IT stocks lead stocks recovery on fresh FII purchases
ICC to make new recruitments
Bradman selected Sachin as someone nearest to him: Perry
Tendulkar expected to be fit for South Africa tour
Tendulkar says inclusion in World XI
|
Markets:
Sensex: 3331.89, +44.27
|
Forex, Metals and
Weather below
|
News
|
Musharraf greets Narayanan on I-Day
Islamabad,Tuesday, August 14, 2001: Pakistan President Pervez Musharraf today greeted President K R Narayanan on the occasion of the Independence Day tomorrow.
"On behalf of the government and people of Pakistan and on my own behalf, I have great pleasure to convey to you and the people of India our warm greetings on the occasion of the Independence Day of the Republic of India," Musharraf said in his message.
Top
DMK Issue rocks Parliament, Rajya Sabha adjourned
New Delhi,Tuesday, August 14, 2001: Alleged police excesses at a DMK rally in Chennai rocked Parliament for the second straight day today leading to adjournment of the rajya Sabha for the day and that of the lower house for an hour.
As soon as the Rajya Sabha met, DMK members led by their leader Viduthalai Virumbi tried to troop into the well even as Minister of State for Parliamentary Affairs O Rajagopal tried to dissuade them.
Sensing the mood, Chairman Krishan Kant adjourned the House for the day barely two minutes after it met.
The Lok Sabha was also adjourned for an hour today following pandemonium over alleged police excesses at a DMK rally at Chennai.
Top
Pak elections to be held in Oct 2002
Islamabad,Tuesday, August 14, 2001: Pakistan President Pervez Musharraf today announced holding of Provincial and Federal elections from October 1 to 11, 2002.
In a keenly awaited decision, Musharraf said, preparations for elections would begin in September this year and culminate in June 2002, and the new Federal Parliament would be in place by November of that year.
He made the announcement while outlining his long-awaited "road map" for democracy at a gathering of newly elected local council chairmen on the occasion of Pakistan's 54th Independence Day.
Musharraf's announcement came shortly after his assertion in his Independence Day speech that the government would hold elections before the October 2002 deadline set by Pakistan Supreme Court for his military regime to hand over power to an elected government.
Top
Pak willing to maintain "friendly" relations
Islamabad,Tuesday, August 14, 2001: Claiming that Pakistan had brought the Kashmir "dispute" out of the closet and made it the focus of world attention, President Pervez Musharraf today said Islamabad was willing to go to any length to maintain "friendly" relations with New Delhi.
In a speech to mark the 54th Independence Day anniversary of Pakistan at a special function here, Musharraf asserted that India and Pakistan cannot progress and develop to the desired extent without finding an amicable solution to the "thorny and long-standing Kashmir dispute."
"Without sacrificing our sovereignity and our national honour and our national dignity, we are willing to go to any length in order to maintain friendly relations with all our neighbours," Musharraf said, adding "this is particularly true with regard to India because we are convinced that without an amicable solution to the thorny and long-standing Kashmir dispute the two countries cannot progress and develop."
"We have brought the Kashmir dispute out of the closet and made it the focus of world attention," Musharraf told a gathering of cabinet ministers, top government officals, diplomatic corps and media representatives at the Presidential Palace.
Musharraf also referred to his categorical assertion after the Agra Summit last month that Pakistan favoured further talks on Kashmir and other bilateral issues.
In a veiled reference to India, Musharraf said, "The armed forces of Pakistan, by the grace of Allah, backed by our nuclear potential, provide us complete security from external threat".
Top
Musharraf expresses concern over internal threats to Pak
Islamabad,Tuesday, August 14, 2001: Announcing general elections in Pakistan in early October 2002, President General Pervez Musharraf today voiced concern over internal threats confronting the country, asserting that economic malice coupled with intolerant extremism in certain quarters are the "termites eating us from within".
Musharraf in his address to a gathering of local councils chairmen shortly after his Independence Day address said federal and provincial elections would be held between October one and 11 and this would be the final stop on what he called his "road map to democracy."
The Supreme Court had set an October 2002 deadline for the military regime to hand over power to an elected government.
Doing some plain speaking on the occasion of Pakistan's 54th Independence Day, Musharraf, who seized power in a coup in October 1999, said it was unfortunate that the threats to Pakistan came from within more than any external threats.
"Unfortunately, however, our threat emanates from within. Our economic malice coupled with intolerant extremist attitude in certain quarters are the termites eating us from within," he told the Independence Day ceremony on the sprawling lawns of the white marble Presidential Palace. Musharraf said Pakistan was back on the rails and noted that this view was shared by businessmen and industrialists as well as foreign economic experts.
Top
Pak denies Indian charge of not adequately prepared for Summit
Islamabad,Tuesday, August 14, 2001: Pakistan today said the Indian charge that it has not made preparations for the Agra summit were "self-contradictory and against the spirit of diplomatic norms."
"The fact is other way round, because preparation on the part of the Indians lacked as they refused to sign the joint statement after having agreed to it", Pakistan Foreign Secretary Inamul Haq told reporters here.
He also termed as "improper" the statement of Prime Minister Atal Bihari Vajpayee that President Pervez Musharraf was unaware of diplomatic norms. "Vajpayee has used such a term for a Head of State which is an open violation of diplomatic norms", he said.
Haq said that there is a possibility of a meeting between Gen. Musharraf and Vajpayee by the end of this calendar year. "No date has so far been fixed, however, the foreign offices of both the countries have been working the details out", he remarked.
Asked about the visit of Indian Director General Military Operations, he said a proposal was put forward by India for the visit, however, no decision has been taken yet, NNI newsagency reported.
Haq said Pakistan was ready to discuss confidence building with India, but the settlement of Kashmir issue was vital for the establishment of durable peace in the region. Haq last week met his Indian counterpart Chokila Iyer on the sidelines of SAARC standing committee in Colombo and discussed post Agra summit developments.
Top
Johari released on conditional bail
Mumbai,Tuesday, August 14, 2001: Arvind Johari, promoter of Lucknow-based Cyberspace Infosys Ltd and prime accused in the Rs 320 million UTI scam, was released on conditional bail by a special court here today.
Designated Judge S R Mehra granted him a bail of Rs 750000.
He has been directed not to leave India without permission and restrained from visiting offices of UTI and other financial institutions.
Top
GoM clears Electricity Bill, 2001
New Delhi,Tuesday, August 14, 2001: The Group of Ministers on Power today cleared the draft Electricity Bill, 2001 and it would be introduced during the current monsoon session of Parliament.
"The GoM has cleared the draft Electricity Bill 2001. It will be introduced in Parliament during the current session itself," Union Power Minister Suresh Prabhu told reporters after the meeting of GoM here.
The Bill is likely to be placed before the Cabinet on August 16 for approval, official sources said.
The Bill seeks to free generation from licensing and provides for open access option to captive power plants, allowing them to sell surplus power directly to bulk consumers, sources said.
New generation projects would not require technical economic clearnace from the Central Electricity Authority and would only have to intimate the concerned State Electricity Regulatory Commission (SERC) and the CEA in the required format about the technical specifications and cost.
Transmission and distribution companies, however, will have to obtain a licence from the respective SERCs, sources said.
The Bill provides for formulation of a National Tariff Policy for power reducing cross-subsidation in a phased manner.
Besides Prabhu, the GoM was attended by Finance Minister Yashwant Sinha, Planning Commission Deputy Chairman K C Pant, Law Minister Arun Jaitley and Minister of State for Planning and Programme Implementation Arun Shourie.
Top
West Bengal considering to grant special status to tea sector
Kolkata,Tuesday, August 14, 2001: The West Bengal government is considering to grant special status to the tea industry so that it could avail of various incentives.
"We have reasons to believe that it is potentially a sunrise industry and a natural industry of West Bengal. So we are considering to grant it a special status," Finance Minister Asim Dasgupta said today.
Dasgupta said this status had been granted so far to Agro Processing, Information and Technology, Jute Diversification industries and Haldia Petrochemicals Limited.
The finance minister, speaking at an interaction organised by the Bengal Chamber of Commerce and Industry, said the industries which had been granted special status received 50 per cent interest subsidy for five years and 10 per cent interest subsidy for the next two years.
This segment of industry was also totally exempt from stamp duty and registration fees, Dasgupta said.
He said Indian tea still enjoyed a very good reputation despite intervention from Kenya and Sri Lanka in the world tea market. "People still look at Indian tea, particularly Darjeeling tea."
To producers, he said productive tea growth had to match otherwise 'we cannot match competition'.
"We have to highlight the fact that tea is a good drink and will have to directly hit at other beverages through massive advertisement campaigns," Dasgupta said.
Top
SEBI meets today on demutualisation of bourses
New Delhi,Tuesday, August 14, 2001: As part of capital markets reforms, Securities and Exchange Board of India (SEBI) would soon submit its recommendations to the government on corporatisation of stock exchanges for which it is meeting officials of bourses in Mumbai today.
"We will discuss the various aspects of demutualisation of stock exchanges tomorrow," SEBI Chairman D R Mehta said.
He said after discussing the issue of demutualisation, which would lead to separation of trading with ownership rights of members as part of corporatisation of bourses, SEBI will convey the views to the government.
The government announced its plans for demutualisation of bourses early this fiscal in an effort to continue capital market reforms and eliminate insider trading.
The government has to amend the Securities Contract Regulation Act for the purpose and the shape of the changes in the act would depend on SEBI's recommendations.
Top
BSE:Sensex continues to move in narrow range at early stages
Mumbai,Tuesday, August 14, 2001: The sensex opened moderately up and later continued to move in a small range of about 25 points in a narrowly mixed trade at early stages on the Bombay Stock Exchange (BSE) today on scattered support alternated by stray offerings by investors.
The BSE Sensitive Index opened marginally up at 3290.58 over yesterday's close of 3287.62, and even rose past 3300-level to a high of 3313.83 before being quoted at 3297.90 at 11.30 a.m.
Heavyweights like Infosys Technologies, HLL and a few others attracted fresh buying support and scored handsome gains aiding the sensex to move upwards.
However, RIL, ITC and some others suffered a fresh setback due to selling pressure.
Among the top gainers, Reckitt Colman rose by 4.26 per cent, Infosys Tech by 3.60 per cent, Cummins India by 3.45 per cent, Tata Chem by 3.14 per cent, Mastek by 2.99 per cent, Max India by 2.32 per cent and United Phosp by 2.29 per cent.
However, Chennai Petro dropped by 10.45 per cent followed by Apollo tyre (6.74 per cent), Global Tele (3.32 per cent), Thomas Cook (3.09 per cent), Silverline (2.12 per cent) and Telco (1.71 per cent).
Top
IT stocks lead stocks recovery on fresh FII purchases
Mumbai,Tuesday, August 14, 2001: Led by technology stocks, equities staged a smart recovery lifting the sensex by about 44 points at close on the Bombay Stock Exchange (BSE) today on fairly good buying support, prompted by optimism that weekly carry-forward would be allowed.
Partly aided by better trend on the Nasdaq stock market last night, IT stocks attracted good demand with Foreign Institutional Investors reportedly making net purchases in key shares like Infosys Technologies, Satyam Computers and others.
Retail investors and operators too made some commitments in anticipation that the Securities and Exchange Board of India (SEBI) might consider at least carry-forward trading for five-day settlement period when the stocks brokers delegation meets the market regulator later this evening.
The BSE Benchmark 30-share Index opened marginally up at 3290.58 and later moved in a narrow range between 3336.47 and 3290.58 before closing at 3331.89 as against yesterday's close of 3287.62, a net gain of 44.27 points or 1.35 per cent. The BSE-100 Index also firmed up by 22.64 points to 1564.14 from previous close of 1541.50.
Heavyweight counters like Infosys Tech, Satyam Computer, NIIT, Zee Telefilms, HLL, Dr Reddy's Lab, ITC, L&T, SBI and Ranbaxy Lab scored impressive gains.
However, RIL dropped further due to selling from domestic mutual funds.
Top
ICC to make new recruitments
London,Tuesday, August 14, 2001: The International Cricket Council (ICC) has decided to recruit an 'Umpires and Referees Manager' and a 'High Performance Consultant' as it expands its staffers to meet the growing needs of the game.
"These are extremely important appointments in two high profile areas of ICC's workload. The Umpires and Referees Manager will be central to the successful introduction and management of the new international panels, while the High Performance Consultant is part of the $1 million investment in preparing Canada, Kenya, Namibia and the Netherlands for the 2003 World Cup," ICC CEO Malcolm Speed said last evening.
The post of 'Umpires and Referees Manager' has been created to manage the appointment and administration of ICC's new panels of match umpires and referees. The new panel system will be in place from April next and the appointee will be responsible for managing, mentoring and coaching umpires and referees on all aspects of their roles, including training and development.
"The ICC has committed itself to delivering the best service it can to cricket and these appointments will add significantly to its ability to achieve this ambition," Speed said in a statement.
The ideal candidate is likely to be an experienced former first class or international cricketer, umpire or referee. The position will be based at the ICC's office at Lord's and will involve travel around the cricketing world.
Top
Bradman selected Sachin as someone nearest to him: Perry
Sydney,Tuesday, August 14, 2001: Sachin Tendulkar's inclusion in the dream team was because of the fact that Sir Donald Bradman considered him the closest to himself in technique and temperament, according to the author of 'Bradman's Best' Roland Perry.
"It is known that Bradman had said Sachin's shot production, style and compactness were closest to him. Sir Don, being pragmatic, selected Sachin as someone nearest to him in the modern era," Perry told PTI in an interview.
"Both players had mutual friendship and respect for each other. Bradman had great respect for the character of Sachin Tendulkar," he said.
"My own observation is that Sachin has more oriental flair and he hits the ball high whereas Bradman's shots were more along the ground," Perry, who chronicled all the 12 members of the dream team in his book, said.
"Their grips were different. Sachin's cover drives are more noticeable and elegant than Bradman's though the effect of both was the same. They were both big occasion players, pulling out the best under pressure and men of great humility," said Perry who revealed he had thoroughly enjoyed writing the book.
Top
Tendulkar expected to be fit for South Africa tour
New Delhi,Tuesday, August 14, 2001: Sachin Tendulkar is expected to be fit for India's tour of South Africa, starting October one, the doctor, who is treating the maestro's foot injury, said today.
"He (Sachin) should recover from his foot injury by the end of September. I am hopeful that he will be ready to go to South Africa," Anant Joshi told NDTV in an interview for Star News.
Tendulkar had to miss out on the current Sri Lanka tour due to a foot fracture which he suffered during India's recent Zimbabwe tour.
"We will take another CT Scan after three to four weeks to see how the healing is progressing," Joshi said adding in the meanwhile they will also work on protected footwear so that when he gets back there were no chances of his again getting injured.
Normally any injury of a lower limb takes four to six weeks to join or gum up and another four to six weeks to really consolidate and become strong enough to take pressure, Joshi said while describing Tendulkar's injury as "fracture of great toe of the right foot."
However, he said in case of players like Tendulkar, who are optimistic, the recovery was fast.
Asked if the injury was due to overdose of cricket, the doctor said "no". "In Sachin's case it has nothing to do with overdose of cricket. It is a plain simple accident which could happen to anybody".
Top
Tendulkar says inclusion in World XI
New Delhi,Tuesday, August 14, 2001: A thrilled Sachin Tendulkar today described his inclusion in the "dream team" of cricket legend Sir Donald Bradman as the "greatest thing to happen".
"It is a great honour. Greatest thing to happen. It is important when Sir Don speaks anything and especially when he selects me in his team, there cannot be a better thing than that," a beaming Tendulkar said in his first reaction after receiving the news of his inclusion in the team envisioned by Bradman.
In an interview to Star News, the batting maestro said, "I am very thrilled about it and very excited. There are some great names missing and to see my name in it, I am more than thrilled."
"After Sir Don bats and before Gary Sobers. What else can
you ask for. All I can say is that it's a great honour."
Tendulkar is the only cricketer still playing and the only one from the Indian sub-continent who has been able to find a place in Bradman's World XI - the all-time ideal team to beat the rest, according to a book, 'Bradman's Best', chronicled by Roland Perry.
On his missing out on the current tour of Sri Lanka due to a foot injury, Tendulkar said "it has been very difficult because in last 12 years, I have not missed a single Test match and now to stay away like this. I never wanted this till the end of my carrier. It has been difficult."
"Probably I am physically here but I am very much there with the team and I have watched most of the games and my involvement was probably as much as others," he said.
Top
|
Markets
|
To get today's complete NIFTY (the NSE index) listing send an e-mail to
get-nse@mumbai-central.com
(updated multiple times a day)
|
To get today's BSE index listing send an e-mail to
get-bse@mumbai-central.com
(updated multiple times a day)
|
To get today's NAVs for mutual funds send an e-mail to
get-mf@mumbai-central.com
(updated once a day)
|
Sensex: 3331.89, +44.27
The sensex closed at 3331.89, up 44.27
Top
Top
|
Forex
|
1 U.S. $ = 47.08 INR
1 Japanese Yen = 0.38 INR
1 British Pound = 66.90 INR
1 Canadian $ = 30.58 INR
1 Singapore $ = 26.76 INR
1 UAE Dirham = 12.82 INR
1 Saudi Arabian Riyal = 12.55 INR
1 Euro = 42.26 INR
|
Metals
|
No data |
Weather
|
Wind: SW at 17 mph / 27.4 km/h
Conditions: Light Rain
Clouds: Scattered Clouds (SCT): 1500 ft / 459 m
Sunrise : 06:19 AM (IST)
Sunset : 07:07 PM (IST)
Moon Rise : 02:04 AM (IST)
Moon Set : 02:41 PM (IST)
Tonight : Low: 75 F / 24 C Chance of a Thunderstorm
Wednesday : High: 82 F / 28 C Chance of a Thunderstorm
Wednesday Night : Low: 73 F / 23 C Chance of a Thunderstorm
Thursday : High: 82 F / 28 C Chance of a Thunderstorm
Thursday Night : Low: 73 F / 23 C Chance of a Thunderstorm
|
-: Advertisement :-
-: Advertisement :-
|
Admin Message
Features
Do you own an Internet cafe or provide internet access for web surfing?
If so, please contact us.
new!
Online hotel reservations for all
the major Indian cities.
new!
Rakhee - a poem by Rajababu
new!
Never Again - a poem by Sanjeev Naik
Easier procedure for non-immigrant U.S. visas - via the Mumbai Grapevine
Latest Bollywood news
Puraani
yaadein - lyrics of old Films Division cartoons (via nukkad).
The wonder that is the Mumbai
tiffinwalla
Mumbai Us Zamaney Ka
- a walk down memory lane (via nukkad)
Refuse, Reduce, Re-use, Re-cycle plastics
List of places to see in Mumbai (with pics). Any corrections/additions/suggestions? Send them in.
Make Mumbai Central your start page! Step-by-step instructions here.
Message boards
Open forum: Consultant available
Bollywood Masala: Review: Tum Bin
Business and Money: Professional cameraman available
Education: Re: enquiry of results
Community events: TYBCOM RESULTS
Twentysomething: Seek long term relation with females.
nukkad
Tips for successful Thank you letters-Rajababu
Re: Re: RE: rightist newspaper
Dharma divides
Re: Hi
Peace in the land
help
(More info on the 'nukkad' mailing list, including subscription info is at:
http://www.mumbai-central.com/nukkad/)
About the Mumbai Grapevine
The Mumbai Grapevine is a daily newsletter with news and info
from the city of Mumbai, formerly Bombay. The newsletter also
has weekly editions of international news.
To express your opinion about a particular story or news item,
write to:
news-editor@mumbai-central.com
These opinions may be published on the newsletter. If you do
not want your name/address to be published along with your
letter, please indicate clearly.
Instructions to unsubscribe are at the end of the newsletter.
Please feel free to forward this message to your friends and co-workers
who might be interested in it. The instructions to join the Mumbai
Grapevine are at the end of the message.
|