Financial Daily from THE HINDU group of publications
Sunday, September 08, 2002

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BSNL-MTNL merger: The wrong number dialled
THE Ministerial opposition to the disinvestment programme appears to be escalating. Late last week, the Communications Minister, Mr Pramod Mahajan, spoke of a `possible' merger of the 100 percent state-owned Bharat Sanchar Nigam (BSNL) with 56.25 ... More


HMT Machine signs MoU with Italian firm
HMT Machine Tools Ltd, a subsidiary of HMT Ltd, has signed a memorandum of understanding with ITECH, Italy, for marketing HMT's products and services in Europe, CIS countries, Latin America, Canada and the US. The MoU envisages marketing, ... More


`Capex plans hit by CERC orders' — Mr C. P. Jain, CMD, National Thermal Power Corporation
NATIONAL Thermal Power Corporation (NTPC), with almost 20,000 MW of generating capacity, accounts for about 19 per cent of the total capacity in the country and has ambitious plans to add a further 9,000 MW in the medium term. However, two ... More

`We try and keep our quality image visible' — Mr Homi R. Khusrokhan, MD, Tata Tea
BUSINESS LINE spoke to Mr Homi R. Khusrokhan, Managing Director, Tata Tea, on its strategies to ride out the rough patch. The first part of the interview appeared last week. Excerpts from the interview: How does ... More


Sinclairs expands to South-East Asia
TO counter the trickle of foreign tourists after the September 11 incident, Sinclairs Hotels & Transportation Ltd, a Pressman Group company, has extended its tour operation business to the south and south-east Asian countries. According to Mr ... More

Maxima maker to diversify presence in mass market
AFTER registering Rs 65-crore turnover in the last financial year, PA Time Industries, makers of `Maxima' watches is all set to further diversify its presence in the mass market segment, with the launch of two new categories. The company ... More


How India Inc managed its investments
WITH growth opportunities hard to come by and capital expansion programmes put on hold, Indian companies have amassed large war chests of cash over the past few years. So much so that some leading Indian companies now have a larger portion of ... More

The untold story
LOOK through the segmental financial reports of Hindustan Lever and you will find that of the total loan and shareholder funds of Rs 3,043 crore available to the company, only Rs 509 crore is directly deployed in various business segments in ... More

BBUNL group still in bad shape
THE group of PSU companies under Bharat Bhari Udyog Nigam Ltd (BBUNL) ended another bad year in 2001-02 with a production which was only 52.7 per cent of the target and a net loss which was nearly double the year's budget estimates. Production ... More

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