Financial Daily from THE HINDU group of publications
Monday, January 07, 2002
Markets (Jan. 4)
BL 2501004.71 (+21.05)
BSE Sensex3375.74 (+67.72)
S&P CNX Nifty1096.20 (+23.95)
Dollar (Buy/Sell)48.23/48.36
Gold Std(10gm)4640 (+10)

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  • Catering deal


    AP to deploy IBRD loan to reform public enterprises
    THE Rs 1,475-crore structural adjustment loan provided by the World Bank will be deployed to facilitate the Andhra Pradesh Government to launch the second phase of public enterprise reform process. The State Government recently decided to take ... More


    Tax on foreign cos may be lowered to 35 pc
    THE Finance Ministry is considering a proposal to bring corporate tax rate for foreign companies at par with the rate on domestic companies in the ensuing Budget, in line with the recommendations of the Parthasarathy Shome Committee. ... More


    Corporate tax rate cut, MAT withdrawal -- Sinha must bite the bullet, say CEOs
    A MAJORITY of the respondents of a CEO snap poll conducted by the Confederation of Indian Industry (CII) wants the Union Finance Minister, Mr Yashwant Sinha, to reduce corporate tax rate from 35 to 30 per cent and simultaneously eliminate the ... More

  • TN chamber for lower sunflower oil import duty


    Shipping Corporation of India -- What will the strategic sale really achieve?
    The Government has finally decided on the strategic sale of 51 per cent of the Shipping Corporation of India's equity, with foreign bidders allowed as long as an Indian partner picks up a higher stake. It might make sense for a non-shipping Indian co mpany having captive oil cargo to team up with a foreign shipping company with long-term interests, as this could hold advantages for both. More


    Textile processors seek debt restructuring
    THE modern stand-alone textile processing industries, which face with severe capital erosion and unviable operating conditions, have sought restructuring of their outstanding debts with the term lending agencies/banks. These industries have ... More


    UB in talks to take over GMR Vasavi brewery
    UNITED Breweries (UB) is negotiating to buy GMR Vasavi-owned brewery located at Srikakulam in Andhra Pradesh. The brewery, with an installed capacity of 1.2 lakh hectolitres, recently received the State Government nod for expansion. When ... More


    CIL going steady to fuel national growth
    `CIL is a large company with very good infrastructure, producing about 280 million tonnes of coal at present. I do not perceive any threat from any private industry in the near future'. More


    Kshema plans to offload equity in favour of clients
    KSHEMA Technologies, a Bangalore-based software services company, is planning to offload a portion of its equity in favour of its clients. The proposed move is expected to bring in strategic investments and consolidate Ksehma's relationship ... More

    `Promoters will clear dues to Zee this week'
    THE promoters of Zee Telefilms Ltd (ZTL), who have been discharging their liabilities towards the company in a staggered manner, will shortly clear their entire dues, an official statement from the Essel group said here today. According to it, ... More

    ARM to launch Iospan's AirBurst technology
    ARM Ltd, the Hyderabad-based Rs 300-crore telecom equipment manufacturer and turnkey solution provider for cellular, fixed and satellite operators, has announced a strategic alliance with Iospan Wireless Inc, the US-based player in fixed wireless ... More

    Tatra cabins to be made locally
    TATRA Udyog, a joint venture of Czech Tatra AS, is planning to raise the indigenisation level of its trucks by making the cabins locally, a top company official said. The super heavy truck manufacturer for off-road requirements is now in talks ... More


    Open offer for 17.1% Philips stake begins today
    THE open offer to purchase 17.1 per cent equity, representing the outstanding public shareholding of Philips India Ltd, by its parent company Royal Philips Electronics of the Netherlands, commences on Monday and closes on February 5, an official ... More
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  • Top Stories
    Corporate tax rate cut, MAT withdrawal -- Sinha must bite the bullet, say CEOs

    Blair lauds AP on tech initiatives -- Inaugurates Centre for Good Governance

    2001: A year of maturity for HP

    Disinvestment to the rescue?

    Strike of irrelevance

    Shipping Corporation of India -- What will the strategic sale really achieve?

    Gold begins 2002 on firm note

    US-64 NAV-repurchase price difference -- Budgetary grant for UTI to bridge gap

    In Depth
    Inside Kashmir
    Guide to derivatives
    Looking back
    Dec. 30-Jan. 5
    LIC arm to buy GLFL Housing Fin portfolio

    TCS gets Rs 200-cr order from United Utilities

    Bharti to join the cellular brandwagon in Mumbai

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