The Hindu Business Line : Wednesday, September 17, 2003

SC puts the brakes on HPCL, BPCL sell-off — `Appropriate approval from Parliament necessary'
THE ground-rules for public sector disinvestment have been re-written with the Supreme Court on Tuesday ruling that the Centre will have to take approval from Parliament for selling stakes in the two PSU oil majors — Hindustan Petroleum ... More

Verdict will have far-reaching impact: Shourie
THE Government has said that the Supreme Court verdict on HPCL and BPCL would have far-reaching consequences for the sell-off process. "It will have far-reaching consequences not only for disinvestment in these two PSUs but in other matters ... More

HPCL stock takes a beating on bourses
THE stock of oil refiner and marketer, Hindustan Petroleum Corporation Ltd (HPCL) took a drubbing today after the Supreme Court told the Government it could not sell its equity holding in the company without Parliament's approval. The HPCL ... More

OCBs barred from investing in India
THE Reserve Bank of India has barred the overseas corporate bodies (OCB's) from investing in India though various routes and schemes under the foreign exchange regulations. The RBI had already prohibited the OCBs from making investments under ... More

Kishore Chhabria in talks with Interbrew for beer biz foray
THE liquor baron, Mr Kishore Chhabria, who is engrossed in a battle with the UB Chairman, Mr Vijay Mallya, for control over Herbertsons, is set to enter the beer business. He plans to bring in a foreign partner and is reportedly in talks with ... More

Sterlite drops copper business demerger
STERLITE Industries (India) Ltd has decided to withdraw the scheme of arrangement for demerger of the copper business. The company had earlier announced plans to hive off its copper business and its investments to a new company.The company said ... More

Mobile phones permitted in aircraft on ground
IN an effort to make domestic air travel more passenger-friendly, the Government has permitted domestic airlines to allow passengers to use their mobile/cellular phones inside the aircraft, though only when it is on the ground. Officials of the ... More

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