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Fiscal reform: Centre, States may not bite the bullet now
THE promise of major reforms being flagged off jointly by both the Centre and States to restructure their finances appears set to be belied as the players involved are now baulking at taking hard decisions. The meeting of the State Chief ...
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Ban lifted on five major seafood units
THE Ministry of Commerce today revoked the suspension orders against five major seafood units across the country. The suspension orders directing immediate stoppage of production and export had been issued on September 24. The units are the ...
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HDFC moots 1:1 jubilee bonus; Q2 net up 21 pc
HDFC'S board of directors on Thursday recommended issuing bonus shares in the ratio of 1:1, partly with the intention of capitalising a part of the company's reserves and partly to commemorate the 25th year of its operations. Riding on the back ...
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Centaur resale puts Ministry in a spot
AN embarrassed Disinvestment Ministry has sought details from Mr A.L. Batra, owner of Batra Hospitality Pvt Ltd, on the sale of Mumbai Centaur Hotel Airport to the Sahara India group. Mr Batra last week sold the five-star Centaur Hotel Airport ...
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Only a few takers for debt swap
THE much-publicised debt swap scheme for States — which entails retiring high cost loans of around Rs 90,000 crore in a span of three years — may have only a few takers in the current fiscal, despite the sweeteners being offered by ...
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L&T closes near open offer price
THE stock price of Larsen & Toubro (L&T) ended the day almost touching the open offer price of Rs 190 offered by Grasim Industries Ltd to the shareholder of the engineering and cement conglomerate. The L&T stock ended 3.67 per cent higher at ...
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Gujarat Samachar, JK co bid for NEPA stake
THE privatisation of newsprint-maker NEPA Ltd brightened on Thursday, with the Gujarat Samachar Group and a JK Group company submitting price bids for acquiring a controlling stake of 72 per cent in the company. The Government currently ...
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1942 — A buyback story
THERE is nothing unusual about a financial services company buying back its shares. But what if some of these shares date back to the pre-Independence days and trace their ancestry to one of the 14 banks nationalised by the late Indira Gandhi? ...
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