The Hindu Business Line : Friday, June 20, 2003

Another battle for VST stake on the horizon
WITH the Andhra Pradesh Government proposing to divest its 4.69 per cent stake in VST Ltd, a second round of battle seems to be on the cards over increasing holdings in the company among existing stakeholders. In 2001, Bright Star Investments ... More

Maruti IPO oversubscribed by about eight times
THE Maruti Udyog Ltd IPO has been oversubscribed by around eight times with the maximum number of bids received being for Rs 125 per share as against the floor price of Rs 115 per share. The bid prices, however, ranged from Rs 115 per share to ... More

Ketan Parekh agrees to repay BoI dues
BANK of India and the stock broker, Mr Ketan Parekh, have finally agreed to a settlement on the repayment of Rs 137 crore, defaulted by the broker to the bank during the 2001 stock market scam. According to a senior Bank of India official, the ... More

Raymond Bickson to be at helm of Indian Hotels
MR Raymond Bickson, who joined The Indian Hotels Company Ltd (IHCL) as Executive Director in December 2002, will be the company's new Managing Director, effective July 19. He takes over from Mr R.K. Krishna Kumar, who moves on to be IHCL's ... More

UTI Mutual unveils new open-ended scheme
UTI Mutual Fund today announced the launch of a new open-ended income scheme, UTI Liquid Fund aimed at attracting surplus funds from high net worth individuals, corporates and institutions. The scheme seeks to generate steady and reasonable ... More

SBI plans new products for RIB investors
STATE Bank of India has decided to work out new products to retain a section of those who had invested in Resurgent India Bonds (RIB) which are expected to mature in the near future. The bank hopes to keep back around 30-40 per cent of the ... More

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