The Hindu Business Line : Saturday, February 23, 2002

Dairy controls to go
AFTER sugar, the Government is now set to substantially decontrol the dairy industry by scrapping the concept of designated `milksheds' in the Milk and Milk Products Order, 1992 (MMPO). The decision, expected to be formally announced in the ... More

Cabinet clears big-ticket labour reforms
THE much-awaited reforms which the Indian industry was looking for has finally happened. The Union Cabinet on Friday approved amendments to Industrial Disputes Act, 1947, which are required to carry out major reforms in labour laws. Currently, ... More

2/3-wheeler venture -- Suzuki accuses Govt of lacking inter-Ministerial co-ordination
THE Indian counsels for Suzuki Motor Corporation, who were co-ordinating with the Foreign Investment Promotion Board (FIPB) regarding the company's latest plan to set up a two/three-wheeler facility in India, have fired off a letter to the ... More

Re touches new low on corporate demand
In spite of the country's forex reserves crossing the $50-billion mark, the rupee lost around ten paise on Friday to close at its lowest ever of 48.7650/7750 to a dollar. Dealers said that a sudden spurt of dollar buying by corporates and banks ... More

Watch out when you buy that Crocin!
FOR those consumers buying their regular medicines, without batting an eyelid - here is an eye-opener - one can get hoodwinked into buying a spurious drug, "even as you pick up a drug as trusted as a Crocin!" Disturbing but true is the ... More

Top brass join forces to track bank defaulters
UNITING for a common cause, the Chairmen of leading PSU banks have decided to meet at regular intervals to share information on defaulters. This follows the finding by some banks that there are common defaulters — a single borrower who ... More

Zee Tele to merge, liquidate 11 subsidiaries
ELEVEN subsidiaries of Zee Telefilms Ltd (ZTL) will cease to exist according to the company's corporate restructuring proposal cleared by its board on Friday. These subsidiaries include five Indian companies — E-connect India Ltd, ... More

FIs likely to miss dividend target
PUBLIC sector financial institutions are likely to miss the target for dividends payable to the Government for the current financial year. This year, a dividend income of Rs 10,809.50 crore has been estimated to accrue from these institutions. ... More

UTI Bank to make allotment to AIG
THE UTI Bank is set to make a preferential allotment of fully convertible debentures, not exceeding Rs 50 crore to the Infrastructure Fund of AIG as part of the move to cut the stake of its promoter, UTI to 40 per cent in the bank. The ... More

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