The Hindu Business Line : Tuesday, May 20, 2003

Rupee climbs, breaches 47
WITH the global weakening of the dollar and the bunched up supplies of the greenback, the Indian rupee today continued its ascent against it, breaching the 47-mark, while forward premia fell by 25 to 50 basis points. The rupee today closed ... More

EC move to slap duty on CDs may hit Moser Baer
THE European Commission (EC) proposes to impose a countervailing duty (CVD) of 7.3 per cent on imports of recordable digital compact discs (CDs) from India, a move that could affect Moser Baer India Ltd (MBIL), the only exporter of such products ... More

Workers, police clash at Daewoo plant
A CLASH between workers and police on Monday at the defunct plant of Daewoo Motor India Ltd at Surajpur in Greater Noida left 14 persons, including 11 policemen injured. The violence erupted after the workers protested against the takeover of ... More

Satyam ties up with Yahoo
SATYAM Computer Services Ltd has announced that it has entered into a partnership with the Nasdaq-listed Yahoo! Inc., wherein the former will provide consulting and professional services. Based on this initiative, Satyam will establish a Yahoo! ... More

Falling tariffs make cellular services cheaper — WLL no more poor man's mobile
THE sharp fall in tariffs over the past couple of years has all of a sudden made cellular services more affordable than limited mobility (WLL) services that were being branded as the "poor man's mobile" by the Department of Telecommunications ... More

ALF may become Ashok Leyland arm
CHENNAI: Ashok Leyland Ltd on Monday informed BSE that the company had subscribed to the Cumulative Preference Shares of Ashok Leyland Finance Ltd (ALF) against the rights issue offer made in April/May 2000. Upon such conversion and hence ... More

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