Core sector suffers
New Delhi, Aug. 22: Dismal performance by electricity, crude petroleum, coal and cement sectors pulled down the growth in infrastructure to just 2.6 per cent last month compared with a robust 10.2 per cent in July 2002. Infrastructure industries grew by 3.6 per cent during the first four months of this fiscal compared with 7.2 per cent in April-July 2002. According to data released by the commerce and industry ministry, aggregate growth of crude petroleum, refinery, coal, electricity, cement and finished steel slipped to 2.6 per cent in July from 4.7 per cent in June, 4 per cent in May and 3.9 per cent in April this fiscal.
Mumbai, Aug. 22: Sebi has recommended measures to avoid arrears of registration fees from stock brokers. The measures include setting up of self-regulatory organisation like stock exchanges to collect the fee from brokers on behalf of the market regulator.
SAIL trims loss
New Delhi, Aug. 22: The net loss of Steel Authority of India Ltd (SAIL) was reduced to Rs 316 crore (before tax) during 2002-03, registering an improvement of 82 per cent over 2001-02.
New Delhi, Aug. 22: The parliamentary standing committee attached to the petroleum ministry has recommended that the government should stop imports of white kerosene as it is being diverted to adulterate diesel.
New Delhi, Aug. 22: Indian Overseas Bank will hit the capital market on September 5 with a Rs-240-crore public offer priced at Rs 24 per share, chairman S. C. Gupta said here today.