The Hindu Business Line : Sunday, June 08, 2003

HP to merge Indian arm with Digital — Two-phased issue of capital, special dividend proposed
THE world's second largest computer maker Hewlett-Packard, is merging its local software unit in India with former Compaq's services firm Digital Globalsoft Ltd. HP Services' India Software Operations (HPS ISO) will be merged with Digital, which ... More

Valuation favours HP, say analysts
STOCK market analysts and Digital Globalsoft's investors today felt short-changed by the company when it declined to disclose how it valued Hewlett-Packard Services India Software Operation (HPS ISO) for buying its software business in an ... More

Power Finance to review IPO plans — Return of capital issue fallout
POWER Finance Corporation (PFC) will be reviewing its plans to float an initial public offering for 10 per cent of its equity. "We will have to review the IPO plans given the Finance Ministry's recent objections to return of capital by public ... More

Bharti Cellular buys Telia stake in Bharti Mobile
BHARTI Tele-Ventures Ltd (BTVL) has informed the Bombay Stock Exchange that its subsidiary Bharti Cellular Ltd has increased its equity stake in Bharti Mobile Ltd, from the existing 74 per cent to 100 per cent by virtue of acquisition of 26 per ... More

3M India looking at expansion through acquisitions: MD
3M India (formerly Birla 3M), part of the $16-billion US-based Minnesota Mining and Manufacturing Company (3M), has decided to acquire a company to consolidate and expand its operations in the country. "We are ready to acquire a company in ... More

Mills' `kind' gesture tastes bitter for cane growers
THE sugarcane payment crisis in Uttar Pradesh is assuming bizarre proportions by the day. Faced with an unprecedented liquidity crunch, many mills are offering farmers sugar instead of cash for the cane purchased during the 2002-03 season ... More

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