The Hindu Business Line : Saturday, May 17, 2003

Profit-making banks not keen on bond buyback
The bankers said the only banks that were likely to benefit from the buyback programme were those with still large accumulated losses on their books. More

Transportation of crude — SCI to ink deal with HPCL, BPCL
SHIPPING Corporation of India would be shortly finalising fresh long-term contracts with two oil PSUs - BPCL and HPCL - for transportation of imported crude, a senior company official told Business Line today. The contract would be ... More

Now, agri-supermarts from Escorts
THE Rs 1,500-crore Escorts Agri Machinery Group, a strategic business unit of Escorts Ltd is set to roll out a novel initiative — rural supermarts. This initiative is part of its contract manufacturing strategy. According to Mr Vinay ... More

Boards to consider merger of Bayer, CropScience unit
BAYER India Ltd and Bayer CropScience India Ltd on Friday informed the Bombay Stock Exchange in separate communications that their respective boards of directors would meet on May 19 to consider a proposal to merge the two companies. According ... More

SBI to bundle MFs with insurance
THE State Bank of India group is finally bundling its mutual funds with insurance, courtesy a proposal mooted by SBI Funds Management, which has as its USP a cover structured by SBI Life Insurance. The proposal, Magnum Income Plus, will provide ... More

Sterlite bids successfully for Zambian mine
STERLITE Industries Ltd (SIL), a major non-ferrous metal player in the country, has emerged as the successful bidder for a controlling stake in Konkola Copper Mines Plc, the biggest Government-owned copper mine in Zambia. Company officials said ... More

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