The Hindu Business Line : Tuesday, June 10, 2003

Jaswant asks SEBI to probe bank stock swing
THE Finance Minister, Mr Jaswant Singh, has asked the Securities and Exchange Board of India (SEBI) to look into the "abnormal movement of public sector bank stocks over the past several weeks" and immediately submit a report to the Ministry. ... More

Monsoon cheer for fertiliser cos on the bourses
AS the rains came down in Kerala, the stocks of fertiliser companies rose on the exchanges on Monday. News of a meeting of the Cabinet Committee on Disinvestment scheduled this week to discuss the sale of Government equity in RCF pushed them up ... More

BSES is now Reliance Energy — To set up transmission, trading arms
BSES Ltd was on Monday fully inducted into the Reliance conglomerate, with the shareholders of the country's oldest private electricity distribution utility voting to rename it as Reliance Energy Ltd. The company would also set up two ... More

Turn to Wi-Fi faster: Intel CEO
WI-FI (wireless-fidelity) will be to networking what cellular telephony is to telecommunications, according to Mr Paul Otellini Intel Corporation's President and Chief Operating Officer, who addressed the Chief Information Officers (CIOs) and ... More

Lanka okays VSNL plan for entry
VSNL's voluntary retirement scheme, intimated to its employees on May 9, has found 388 takers as of May 31, said the company in its notice to the stock exchanges today. The employees have been relieved from the services of the company. The ... More

Merger woes sink Digital Global; prompt ratings cut
MARKET heavyweights such as Morgan Stanley, Credit Lyonnais Securities Asia, Kotak Securities and a host of foreign and local brokerages have cut their price targets and recommendations on the Digital GlobalSoft stock following the weekend merger ... More

It's 50:50, cable operators tell channels
HERE'S why your local cablewallah has been pushing for the implementation of a conditional access system (CAS). The cable industry has demanded 50 per cent of the subscription fee charged by the broadcaster from the consumer as commission or ... More

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