Financial Daily from THE HINDU group of publications
Saturday, June 12, 2004

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Transfer of ownership — Tata Sons to get Rs 2,300 cr from TCS
TATA Consultancy Services (TCS) will pay Rs 2,300 crore to Tata Sons for the transfer of ownership. According to the offer document for the initial public offering of TCS, Tata Sons would be paid the sum on the completion of the IPO and ... More

TCS scores over Infosys on return on net worth
THE striking aspect of the financials of Tata Consultancy Services (TCS) is the lower asset base of the company compared to that of Infosys Technologies. At the end of December 2003, the net worth of TCS was about Rs 1,200 crore, while that of ... More

Sensex down 112 points; Tata group cos shine
ON a day when the major stock indices fell, the shares of several Tata group companies rose on reports of Tata Consultancy Services' (TCS) plans to hit the primary market. While there was buying interest in Tata group shares, overall mood ... More

Chidambaram meets PM on petro pricing — `Package likely to be ready by June 15'
THE Government is still in the throes of inter-ministerial consultations on the proposed package to insulate the consumers from global oil price shocks. During the day, the Petroleum Minister, Mr Mani Shankar Aiyar, said that he was awaiting ... More

ARCIL seeking a gateway for FIIs in distressed assets
The Asset Reconstruction Company of India Ltd (ARCIL), India's first asset reconstruction company, has approached the Government for permitting FIIs to invest in a new instrument in India — distressed assets. ARCIL has made ... More

Industry posts 9.4 pc growth in April
IT has been standard practice for any new Government to blame the previous regime for all its inherited woes that significantly constricts flexibility in economic decision-making. But the present Government has little room for complaint, at least ... More

Fiscal deficit soars 52 pc in April
A SURGE in expenditure had led to an almost 52 per cent increase in the Centre's fiscal deficit during the opening month of the current financial year. According to the Controller-General of Accounts in the Finance Ministry, the gross fiscal ... More

B.K. Chaturvedi is new Cabinet Secy
THE Petroleum Secretary, Mr B.K. Chaturvedi, has been named the new Cabinet Secretary, cutting short the tenure of Mr Kamal Pande, who had been appointed by the previous NDA Government for a period of two years till October 31, 2004. Mr ... More

Ravi Kant named Tata Daewoo Chairman
MR Ravi Kant, Executive Director, Tata Motors will be the Chairman of Daewoo Commercial Vehicle Co Ltd, renamed Tata Daewoo Commercial Vehicle Co Ltd (TDCV) since acquisition by the Tatas. While Mr Kwang-Ok Chae is CEO & President, Mr Praveen ... More

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