The Hindu Business Line : Sunday, October 26, 2003

Sandvik Asia plan to wipe minority stock shot down
THE Bombay High Court has refused the Pune-based Sandvik Asia Ltd permission to reduce its equity share capital disregarding the opposition of small investors, saying that the proposal is not fair and equitable. Advocate Mr Ashok Purohit, who ... More

Samvat 2060 ushered in with gusto
STOCK investors began Samvat 2060 with a determined exuberance as they drove up prices of major stocks in an hour and half of frenzied `Muhurat' trading on the Bombay Stock Exchange and the National Stock Exchange. Driven mainly by auto and ... More

SEBI plans to drop `personal hearing' practice
MARKET intermediaries who would come under the Securities and Exchange Board of India (SEBI) investigation may no longer get the opportunity of a personal hearing by SEBI Chairman or the board members. SEBI proposes to discontinue with the ... More

$90-b forex pile... but cheap export credit hard to come by
MR R. Parthasarathy, who owns a small-scale auto components export business here, is unable to understand why his bank cannot give him a cheap foreign currency loan, when the country's forex reserves are brimming. He asked his banker for a ... More

Four Seasons Hotels coming to Mumbai
The Canadian hotel group will also have an equity participation in the project, which is expected to cost around Rs 260 crore. More

Barista to shut 10 `unviable' stores
COFFEE retail chain Barista Coffee Company (BCC) has decided to shut down 10 `non-performing' stores. Said Mr Yogesh Samat, Chief Executive Officer, BCC, "We have decided to exit from 10 unsustainable outlets, against the current 130. The ... More

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