The Hindu Business Line : Friday, October 24, 2003

Defaulting companies — DCA to set tough norms for director appointment
In case where a company fails to repay deposits or redeem debentures or pay dividend declared, the director of that company stands disqualified immediately on expiry of that one year from the respective due dates. More

Air Sahara to be first off the block; plans Colombo link soon
AIR Sahara is likely to be the first private domestic airline to breach the international airspace. In a statement here, the airline has said that it plans to offer a daily flight on the Delhi-Bangalore-Colombo sector within seven days. "Air ... More

Asian Paints buys 9.2 pc Govt stake in ICI at Rs 205
THE corporate profile of Asian Paints acquired a new splash of colour, with the company acquiring the 9.2 per cent stake in ICI (India) Ltd that was held by the Government at a price of Rs 205 per share on Thursday. Asian Paints could swing the ... More

Satyam Q2 net up 24 pc at Rs 148 cr — Guidance revised upwards
SATYAM Computer Services Ltd has registered total income of Rs 636.08 crore and a net profit of Rs 147.59 crore for the second quarter ended September 30, 2003, as against total income of Rs 505.05 crore and a net profit of Rs 118.90 crore for ... More

Sensex stays in negative territory
IN the end on Diwali eve, foreign investors remained bullish and domestic investors had a change of heart. Widespread selling by Indian investors led by local mutual funds brought stock prices crashing down for the fourth consecutive day today, a ... More

Banks can extend consumer loans below prime rate
THE Reserve Bank of India has told banks that they can now extend consumer loans below the prime lending rate (PLR). In a circular to commercial banks, RBI has said, that it has decided to withdraw its earlier restrictions that banks should not ... More

Blow your whistle & drum up support — Wipro style
MR Anurag Behar and five others at Wipro have a demanding task on hand. As ombudspersons, they have to field serious concerns that may amount to whistle-blowing as well as respond to communiqués such as `so-and-so is an ineffective manager,' or ... More