Financial Daily from THE HINDU group of publications
Thursday, April 25, 2002
Markets (April 24)
BL 2501148.47 (+6.63)
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Host of rollbacks coming -- Dividend tax norms to stay with sops for shareholders
INDIA Inc will have to reconcile itself to the major policy change proposed in the 2002-03 Budget to tax dividends at the hands of the shareholders. While this basic proposal is unlikely to be rolled back, the Finance Minister, Mr Yashwant ... More

Cabinet defers proposal on FDI in print media
THE Cabinet on Tuesday deferred the long pending proposal to allow Foreign Direct investment (FDI) in the print media. The Parliamentary Affairs Minister, Mr Pramod Mahajan, said although the proposal was on the Cabinet's agenda, it was not ... More

Damages for delay in interconnect pact -- DoT dismisses Bharti case
THE Department of Telecommunications (DoT) has dismissed the contention of Bharti Telesonic Ltd, the long-distance arm of the Bharti group, that it needs be paid damages for the delays in ensuring interconnect agreements with Bharat Sanchar Nigam ... More

UB to offer Rs 108 cr for Empee arm
UNITED Breweries (UB) is making a Rs 108-crore offer to acquire the Chennai-based Empee group's brewing business. The deal is likely to be formalised in the next few weeks. This acquisition will be part of UB's joint venture with UK brewer, ... More

Banks don't fancy prepayments
BANKS have begun tightening covenants and building in additional safeguards in portfolio buyouts to discourage prepayments. Among the banks, which have initiated this tightening, are foreign banks such as ABN-Amro. ABN-Amro has been involved ... More

Mukta sells film sat telecast rights to Sony for Rs 16 cr
MUKTA Arts Ltd has assigned satellite telecast rights of its entire movie library of 11 films to Sony Entertainment Television India Private Ltd (SET) for Rs 16.1 crore. The contract is for a period of five years. The payment of Rs 16.1 crore ... More

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Top Stories
Coffee loans to be fully rescheduled -- Consolidated special term loan proposed

Host of rollbacks coming -- Dividend tax norms to stay with sops for shareholders

Satyam to float separate co for BPO foray

Bank of Baroda extends Rs 100-cr credit to IFCI

Satyam Q4 net up 3.42% -- Co sees 18-20 pc growth this fiscal

Core sector growth rate down to 3 pc in 2001-02

In Depth
Inside Kashmir
Guide to derivatives
Looking back
Apr. 14-Apr. 20
Net rises 87.52 pc at Rs 462.93 cr -- Hero Honda to pay a total dividend of Rs 17

BJP wants I-T rebate, other sops restored -- Wait for Parliament discussion: Sinha

Oil marketing cos to have pricing freedom

Revenue Dept for restoring I-T breaks on dividends

`Mahajan effect' speeds up village telephony

Kotak Mahindra to merge four arms with itself

Hind Lever sales dip 10 pc, net rises 26 pc in Q1

Oil cos slash product prices

Strike brings cheque clearing to standstill

Sinha all set to restore I-T rebate

Satyam Info limited access may cost more

PMO to decide on dividend tax issue

Assured returns to foreign investors -- DoT pushing for further amendments to Cos Act

Centurion promoter Ahuja quits board

Farmers ready, but where are Bt cotton seeds?

Cabinet okays Bill for petroleum regulator

Caltex gets buy-out okay with 5-yr rider

Wipro net profit up 32 pc; Q4 revenues down 6 pc

Auto cos get FIPB green signal for new models

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