The Hindu Business Line : Monday, February 11, 2002

ChrysCapital buys 5 pc stake in NIIT -- Seeks FIPB nod for 10 pc more
CHRYSCAPITAL, the venture capital (VC) firm previously known as Chrysalis Capital, has acquired close to five per cent stake in NIIT Ltd, a software and computer education company, through the secondary market and plans to hike the stake further ... More

Changes in tax regime for life insurers likely
CHANGES in the taxation structure on the profits of the life insurance business are on the cards. The Finance Ministry is planning to incorporate some of the recommendations of the Eradi Committee on the taxation of the life insurance sector in ... More

PSU insurers trim third-party cover
PUBLIC sector insurance companies have begun cutting back on third-party insurance cover for commercial vehicles. This is part of a strategy to make the core business of underwriting profitable. Sources said that this move had already been put ... More

The more the merrier in TV circuit
EVEN as the broadcasting industry is plagued by recession, networks are scrambling to launch regional channels. Both Sahara and Eenadu TV have announced plans of spreading out across the country. However, regional channels have so far found the ... More

Govt tapping overseas market to retire dollar loan
THE Government is on course to carrying out its first overseas market borrowing aggregating over $100 million in the form of refinancing of a clutch of foreign currency bilateral loans. State Bank of India has been mandated to carry out the ... More

Few takers for drug cos' claim on prices
ATTEMPTS by pharma companies to allay fears of drug price rise on the ground that the market would be the leveller are not gaining currency with consumers. A reduced price control regime being imminent, following the recent Drug Policy 2002, ... More

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