Rs 2,500-cr norm for VSNL suitors
THE Government today invited bids for 25 per cent stake of Videsh Sanchar Nigam Ltd (VSNL) and specified that suitors should have a combined minimum net worth of Rs 2,500 crore for participating in the bidding.

VST: Damanis likely to revise offer price up
BRIGHT Star Investment, the Mumbai-based broking firm owned by the Damani brothers, has initiated discussions with its merchant bankers, ASK Raymond James, on the issue of an upward revision in its offer price to VST Industries shareholders.

Lafarge set to buy big stake in Shree Cement
RELIABLE pointers were available from stock market and cement industry sources here today that Lafarge, the French cement major, would shortly be buying substantially into Shree Cement, controlled by Mr H.M. Bangur. Shree Cement has a three million-tonne facility at Beawar in Rajasthan.

Your mail... your stamp -- The post office woos corporates
AMONG the stalls at an exhibition of retailers and technologies at the KSA Retail Summit, there's one that stands out with its sheer incongruity.

President calls for widening reform ambit
THE President, Mr K.R. Narayanan, on Monday called for widening the scope of the reform process to fortify self-reliance, create more employment, eradicate poverty and complement economic reforms through administrative, judicial, educational and labour r eforms.

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