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Thursday, July 04, 2002

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Boeing offers to cut price for IA deal
THE US aircraft manufacturer, Boeing, has offered to lower the prices of aircraft to be sold to Indian Airlines, which plans to induct 43 new aircraft in the next five years. The offer was made at a meeting that the aircraft manufacturer's ... More

Govt launches probe into Xerox Modi affair
THE Government has launched a thorough probe into the activities of Xerox ModiCorp, the Indian subsidiary of the US multinational, Xerox Corporation, even as the CBI was reported to have initiated action to trace the beneficiaries of the pay-offs ... More

ACC to sell stake in Intl Ferrites in Rs 40-cr deal
ASSOCIATED Cement Companies Ltd is selling its entire stake of around 35 per cent in International Ferrites Ltd to a German company at Rs 26.56 per share, the consideration working out to Rs 40.42 crore. ACC today informed the Bombay stock ... More

Ratan for support to auto brands
MR RATAN N. Tata, Chairman, Tata Engineering, has said the country's automobile policy must support Indian brands even as it encourages foreign direct investment (FDI) into the sector. In the company's 2001-2002 annual report, he says, "A ... More

Tupperware `flouting approval norms'
AS if the WorldCom and Xerox scams were not enough, another US-based company having operations in India, namely the $1-billion direct selling company dealing in plastic storage containers — Tupperware Corporation — is facing charges ... More

Idea Cellular-BPL merger in a limbo
The MoU had certainly expired, sources admitted, but extending its validity was only a technical issue and a matter of time. More

RBI nod for 100% FII buy in Infosys
MUMBAI: Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of Infosys Technologies Ltd up to 100 per cent of its paid-up capital, according to a RBI release on Wednesday. Earlier the limit was ... More

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