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Tuesday, April 15, 2003

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IFCI to be split into two — Plan entails segregating good and bad assets
AFTER the recent bifurcation of the erstwhile Unit Trust of India (UTI), it is now the turn of IFCI Ltd to be split into two. As part of its plans for restructuring the financial institutions of the country, the Ministry of Finance has decided ... More

Truckers begin strike
TRANSPORTERS under the banner of the All-India Motor Transport Congress (AIMTC) began an indefinite strike on Monday to press their 10-point charter of demands. Mr J.M. Saxena, Secretary-General, AIMTC, claimed that the strike was a total ... More

ICICI Bank withdrawals overshoot by Rs 150 cr
WITHDRAWALS from ICICI Bank overshot the normal level by Rs 150 crore over the past three days after the bank was hit by rumours of a cash crunch, bank officials today confirmed. Total withdrawals of deposits since Friday touched around Rs 550 ... More

`Anomaly' in derivatives trade: Investors at a disadvantage
LAST Thursday, when the sharply plummeting Infosys stock was being quoted at Rs 3,010 in the cash segment, the lowest strike price in the option segment was available at Rs 3,800 on the National Stock Exchange. Again on Friday, when the tech ... More

Murugappa group plans production base in China
THE Chennai-based Murugappa group proposes to start manufacturing activity in China, the group's Vice Chairman and Director (Business Strategy), Mr M.A. Alagappan, has said. The group already has a representative office in the country. Talking ... More

`Oil PSUs will soon be allowed to appoint dealers'
THE Government will be shortly untying the hands of the public sector marketing companies and allowing them to sign on dealers for retailing petrol and diesel. "We plan to issue interim guidelines for selection of dealers by public sector oil ... More

SC issues notice to Govt on sale of HPCL, BPCL
THE Supreme Court on Monday issued a notice to the Centre on a public interest litigation (PIL) challenging the legality of the Government's decision to privatise public sector oil firms Bharat Petroleum Corporation Ltd (BPCL) and Hindustan ... More

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