SEBI approves FII investment in CP
THE Securities and Exchange Board of India (SEBI) has amended its regulations on foreign institutional investors (FIIs), permitting them to invest in the commercial paper programmes of domestic companies.

Birlas adopting `creeping' steps for Kesoram
THE B K Birla group is increasing its stake in the group outfit Kesoram Industries through the creeping acquisition route. Mr S.K. Parik, Senior President and Secretary of Kesoram, confirmed this to Business Line.

HLL net up 22.4 pc at Rs 1,310 cr
HINDUSTAN Lever Ltd (HLL) has reported a 22.4-per cent rise in net profit at Rs 1,310 crore for the accounting year 2000, as against Rs 1,070 crore recorded in 1999.

Gold imports surge thru `shady' route
FALLING gold imports into India for the second year in a row are causing serious concern among major players with great expectations from India. A sharp decline in demand for the yellow metal has followed shrinking rural incomes caused by poor agricultur al growth and falling commodity prices for the second year in a row.

Maharashtra clears Tata combine's LNG project
THE Maharashtra Government today cleared the Rs 2,400-crore LNG project of Tatas, GAIL and the French Company TotalFina.

HLL, Reliance drive Sensex up 75 points
INDEX-BASED stocks bought succour to a `Budget-fatigued' market today, pushing the market into positive territory .

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