The Hindu Business Line : Tuesday, March 04, 2003

Ministry pushes thru MRPL deal
"Wresting control of MRPL by ONGC was not simple. The HPCL board had made way for the new owners in a board meeting on February 27. It, however, continued to haggle over details of the new agreement even as the Cinderella clock was ticking away.'' More

`No intention to tax services exports'
CALL it election year populism or political shrewdness. The Finance Minister, Mr Jaswant Singh, is doing a Sachin Tendulkar on the Indian industry. He is stepping out in the initial overs after the Budget and playing to the galleries by ... More

Retail sale price excise evasion gap plugged
FOR companies that have been evading payment of retail sale price (RSP)-based excise duty by clearing goods from their factories in bulk and getting them packed and labelled outside, the Union Budget brings some bad news. From now on, if a ... More

Dabur Foods loses Tang; Kraft snaps ties
IN yet another story of an MNC and its domestic partner falling out, Kraft Foods, which has had a distribution alliance with Dabur Foods since April 2001, has decided to call off the arrangement. Dabur Foods, the wholly-owned subsidiary of the ... More

Birlas to get 9-month price protection
THE Birlas, while offloading their equity in the ailing Mangalore Refineries and Petrochemicals Ltd (MRPL) to Oil and Natural Gas Corporation Ltd (ONGC),have managed to bargain for a provision to protect their sale price of Rs 2 per share. On ... More

BSNL slashes landline STD rates by 47%
BHARAT Sanchar Nigam Ltd (BSNL) has slashed its landline STD rates by close to 47 per cent, bringing them on par with mobile-to-mobile STD rates. Starting March 7, national long-distance calls beyond 500 km will be charged at a flat rate of Rs ... More

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