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Friday, March 12, 2004

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Maersk-Concor set to bag JNPT deal — Quotes highest revenue share for new box terminal
THE Maersk-Concor team is set to win the deal for developing and operating a new container terminal at Jawaharlal Nehru Port (JN Port) by quoting the highest revenue share of 35.503 per cent when the price bids were opened on Thursday. In the ... More

Selling pressure pushes market further down
STOCK prices fell for the third day in a row as operators continued to unwind their position in the market and investors resorted to selling to subscribe to new issues. The benchmark index Sensex lost 109 points today, erasing 285 points in the ... More

Biocon issue oversubscribed 10.6 times on day 1
THE IPO of Biocon Ltd was oversubscribed 10.6 times on Thursday, when it opened, according to its bankers. Strong demand by institutional investors saw the issue get an unprecedented four times the response for one crore shares of face value Rs ... More

A.L. Mudaliar steps down as Bata India chief
He has been a member of the Bata board for nearly two decades and Chairman since 1989. Mr Constantin Salameh, Director, Business Development, BSO Worldwide, has been inducted by the board and appointed acting Chairman. Mr Chandu Morzaria, ... More

ACC pact for stake buy
MUMBAI: ACC has reached a non-binding agreement with UTI Mutual Fund to buy out their entire 13.3 per cent shareholding in Bargarh Cement (formerly Idcol Cement) for a total consideration of Rs 26.85 crore. It expects the transaction to be ... More

Inflation to stay below 5-5.50 pc: Reddy
INFLATION is expected to stay below 5-5.50 per cent level at the end of the current fiscal, said Dr Y.V. Reddy, Governor, Reserve Bank of India. The apex bank had earlier pegged the inflation forecast to be between 4 per cent and 4.50 per cent ... More

NIIT to spin off software biz — Targets US, Europe to grow education division
NIIT Ltd has said it will get into the US and European markets to offer knowledge solutions, after the software business is hived off to a separate company. "So far we've been focussing on markets in developing countries. After the spin-off, ... More

I-T refunds through ECS
INCOME-TAX refunds will now be credited electronically through RBI's electronic clearing system (ECS). The central bank in a notification addressed to chiefs of banks said, "The Government has since taken a decision to implement ECS credit for ... More

Ten Sports may use DD platform to reach out
THE match between Ten Sports and Doordarshan (DD) over the television rights for the upcoming Indo-Pak cricket series seems to be a fight to the last ball. While Prasar Bharati is pitching hard to get the terrestrial rights of these matches, Ten ... More

Indo-Pak cricket series: Madras HC reserves order on plea for telecast rights for Prasar Bharati
THE Madras High Court on Thursday reserved orders on petitions seeking broadcast rights for the Prasar Bharati for the coming Indo-Pak cricket series. Earlier, while hearing the petitions, the Chief Justice, Mr B. Subhashan Reddy, wondered as ... More

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