Saturday, March 3, 2001

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Budget euphoria evaporates, Sensex crashes 176 pts
The euphoria over Yashwant Sinha's budget has evaporated in less than two days. With technology stocks taking a dive across the world, Indian stock markets crashed like nine pins on Friday as foreign institutional investors went on a `sell' drive.




Payment crisis fears haunt Ses
Rumours about a payment crisis involving a top bull operator continued to play havoc on the stock markets, particularly as tech stocks were wiped out on Friday amid a general 176-point sell-off. However, the BSE successfully completed the pay-out for the settlement ended on February 24.




For consumers it’s dil mange more as cola giants announce price cut
Summer 2001 is going to be really cool, courtesy Finance Minister. The aerated drinks — Coke, Pepsi and others are going to be cheaper. Like others, the soft drink industry has also decide to pass on the excise benefits to the consumer.




Other headlines

Essar Oil's review plea rejected
I-T dept attaches MSEB's deposits worth Rs 157 cr
SBI, Union Bank drop rates
Govt clears AOL plan to invest $100 mn
RBI relaxes capital account norms
Govt attains fiscal deficit at the cost of investment -- Ficci


 
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