The Hindu Business Line : Monday, July 18, 2005

CNOOC's offer for Unocal — China must not slip on US oil
The US is already indebted to China for billions of dollars and the Unocal purchase only implies an interchange of corporate assets for Treasury debt paper. This should not make such a vital difference to the US' security concerns. Instead of spendin g part of its surpluses exclusively on buying US Treasury paper, China is looking to acquire real assets, such as corporations. And it would make eminent sense for India to make China a partner and an ally, rather than a rival, in the world energy scenario, says S. Venkitaramanan. More

POLITICS

Quid pro quo for BHEL back-down — Unleash the power of listing
As a quid pro quo for abandoning BHEL divestment, the Left parties should back the UPA's efforts sell the government's shares in the wholly-owned PSUs to the public, and root for the creation of value through the listing of these equity shares . The gains, to the Government and its exchequer and to the PSU customers, will exceed the proceeds from the sale of equity in BHEL by a factor of at least 10. What is more, the gains will be recurring, happening year after year. More

Make details on VW deal public: TDP
DEMANDING the State Government to make public all the details pertaining to the controversial Volkswagen car project deal and the suspicious role of the former Major Industries Minister, Mr Botsa Satyanarayana, and other officials of the ... More

AP moots special package for Telangana
A DAY after forwarding the resignations of six Telangana Rashtra Samithi (TRS) Ministers for the approval of the Governor, the Andhra Pradesh Government has decided to request the Centre to sanction a special package for all round development of ... More

SECURITY

INS Viraat to showcase Dhruv in overseas markets
HOW would you, if you were a public enterprise, try to sell abroad a product that is not the latest car, shampoo or scrumptious bite, but a Rs 30-crore helicopter? Here is no case for media jingles, billboards and telemarketers. Yet, being a ... More

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