The Hindu Business Line : Tuesday, September 23, 2003

GE, Bechtel file $1.2-b claim against Govt
BECHTEL Enterprises Holdings Inc and GE Structured Finance on Monday said that they have filed an international arbitration claim against the Government to recover their investments in Dabhol Power Company (DPC). The total value of the claim ... More

Attorney General's views sought
THE Finance Ministry has sought the Attorney General's views on the arbitration notices served by Bechtel Enterprises and GE against the Government. On its part, the Union Power Ministry has sought the comments of the Maharashtra State ... More

Rupee rides high on weak dollar
AS the dollar took a beating against all major international currencies, the Indian rupee has made a dramatic recovery of 18 paise on Monday to close at Rs 45.75/76 against the dollar. The rupee had been losing strength all of last week following ... More

Investors wary as stocks plunge
INVESTORS became cautious today as volatility gripped several counters and selling pressure on pivotal stocks brought benchmark indices down several notches. Wary dealers were making frantic calls through the day to determine the pulse of a ... More

High investments, low utilisation — Bank-neutral ATM network in offing
ALL the large banks in the country have begun working on setting up bank-neutral Automatic Teller Machine (ATM) network to maximise return on investments. Banking sources said that they have employed India Switch Company Ltd (ISCL) for the ... More

Tata Steel in pact for titania project in TN
TATA Steel has signed an agreement with its consortium partners for setting up its titania project in Tamil Nadu. The consortium comprises Outokumpu Finland's physical separation division based in the US; Outokumpu-Lurgi, Germany; Pincock Allen ... More

Boeing seeks approval for own subsidiary
WORLD's leading aircraft manufacturer The Boeing Company has sought permission from the Foreign Investment Promotion Board (FIPB) to set up a wholly- owned subsidiary in India. The company plans to invest $4.8 million with a provision for ... More

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