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Wednesday, June 09, 2004

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Flextronics to buy 55 pc stake in Hughes Soft for $226 m — Open offer for another 20 pc
THE Singapore-based contract electronics manufacturer Flextronics said on Tuesday it would buy a majority 55 per cent stake in Hughes Software Systems (HSS) for $226 million (about Rs 1,017 cr), claimed to be the biggest acquisition deal in the ... More

SMILE to make IPO process simpler, investor-friendly
Bulky paper application forms and multiple point of data capture are believed to have caused the mix-up in basis of allotment of the ONGC issue. Several investors are yet to receive their refunds, nearly three months after the public issue. More

BPCL terms VRS a success
BHARAT Petroleum Corporation Ltd will be trimmer by 445 people after the closure of its voluntary retirement scheme. The company, which was till recently on the block for sale of Government stake, described the response to the scheme as ... More

Indian Oil tops profitable PSU list
AMONG the 240 Central public sector undertakings (CPSUs), Indian Oil Corporation (IOC) has notched up the highest turnover of Rs 1,23,628 crore during fiscal 2002-03, while Oil and Natural Gas Corporation (ONGC), which was fourth in terms of ... More

IOC Q4 net falls 16 pc on retail price freeze
INDIAN Oil Corporation (IOC) has recorded a profit of Rs 1,849.9 crore on an income of Rs 32,353.10 crore during the fourth quarter of fiscal 2003-04 ended March 31, 2004. For the corresponding period in the previous year, the company recorded ... More

Manmohan Singh to head CCEA
THE new United Progressive Alliance (UPA) Government has constituted the Cabinet Committee on Economic Affairs (CCEA) under the chairmanship of the Prime Minister, Dr Manmohan Singh. The other members are the Finance Minister, Mr P. ... More

And now, khadi makes its appearance on Indian Railways
AFTER earthen cups to serve tea, it is the turn of `khadi' (hand spun and hand woven fabric) to make its appearance on the Railways. Railways Minister, Mr Laloo Prasad Yadav, has directed all zones to switch to khadi material for bedding and ... More

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