The Hindu Business Line : Thursday, April 18, 2002

Centurion promoter Ahuja quits board
CENTURION Bank Ltd on Wednesday informed the BSE that Mr Dev Ahuja, one of the promoters who holds 26 per cent of the bank's equity, and Mr V.S. Srinivasan, had stepped down from its board of directors. Mr Srinivasan was the Managing Director of ... More

PMO to decide on dividend tax issue
THE Finance Ministry has left it to the Prime Minister's Office (PMO) to take a final decision on India Inc's demand to roll back the crucial budget proposal on taxing dividends at the hands of the shareholders. On its part, the Revenue ... More

Telecom PSUs face dead end
IN what could be big blow to telecom majors Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), the Department of Telecommunications (DoT) is unlikely to grant them permission to venture into international long-distance ... More

Assured returns to foreign investors -- DoT pushing for further amendments to Cos Act
THE Department of Telecommunications (DoT) is pushing for amendments to the Companies Act, in a bid to ensure assured returns to foreign investors and make their investments in the telecom sector lucrative. According to official sources, DoT ... More

No rethink on rates
NEW DELHI: Pensioners and retiring employees are unlikely to get any additional reliefs in the official amendments to the Finance Bill 2002. Senior Finance Ministry officials virtually ruled out any rethink on the 50-basis point cut in the ... More

Swadhan network of ATMs in trouble -- US co threatens to remove software products
THE Swadhan, India's first shared payment network service, has run into rough weather, with the ACI India, part of the US-based Applied Communication Inc, threatening to physically remove the software products from India Switch Company (ISC), the ... More

H1 ways & means limit for Centre at Rs 10,000 cr
THE Reserve Bank of India (RBI) has fixed the ways and means advances (WMA) limit to the Union Government for the first half of the financial year (April to September) 2002-2003, at Rs 10,000 crore and at Rs 6,000 crore for the second half of the ... More

Enron shares as `collectibles'
THE Enron narrative got off to a start as high drama, transformed itself into a whodunit, segued into tragedy - and has now degenerated into low farce. A Florida-based outfit called Frame-A-Stock Corporation is offering a single Enron share, ... More

Satyam Info net loss up at $147.5 m
SATYAM Infoway Ltd, the city-based Internet network and e-commerce company, has reported a net loss of $147.5 million for the year ended March 31, 2002, compared to $51.4 million the previous year. The increase in net loss was mainly due to a ... More

Satyam Info limited access may cost more
SATYAM Infoway Ltd is looking at the option of increasing the prices of its limited access package. It has increased the prices of unlimited access packages by over 60 per cent from April 1. "At the current price, we are not even meeting the ... More

GoM for group pricing of urea from July
THE Group of Ministers (GoM) headed by the Deputy Chairman of the Planning Commission, K.C. Pant, set up to formulate a new pricing policy for urea, has recommended the introduction of a Group Concession Scheme (GCS) for indigenous urea plants to ... More

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