The Hindu Business Line : Friday, January 13, 2006

8 pc of Maruti fetches Rs 1,567 cr — Average price at Rs 678.24 per share
THE Government has raised nearly Rs 1,567 crore from the divestment of 8 per cent of its stake in the auto major Maruti Udyog Ltd (MUL). Bids from eight banks and financial institutions were accepted by the empowered group of ministers (e-GoM) ... More

TCS Q3 net up 5.6 pc at Rs 753 cr — Impact of Re fluctuation Rs 46 cr
DRIVEN by new client wins and ramp-ups from contracts won in the previous quarters, Tata Consultancy Services has reported a 5.57 per cent increase in its consolidated net profit for the third quarter ended December 31, 2005, on the back of a ... More

Hybrid vehicles steal the show at Auto Expo — Exports may touch $25 billion in next decade: Kamal Nath
BIG-ticket investment announcements and a bevy of foreign vehicles on display remained the highlights of the Eighth Auto Expo, in the absence of any new significant passenger car launches. However, the principle attraction was the showcase of ... More

Clause 49: ONGC may be asked to convene EGM
According to the revised Clause 49 of the Listing Agreement, which came into effect from January 1, at least 50 per cent of the board of a listed company having an Executive Chairman should comprise independent directors. More

CCEA defers decision on NLC disinvestment
THE Cabinet Committee on Economic Affairs (CCEA) is understood to have deferred a decision on a proposal to divest 10 per cent stake in mini-navratna Neyveli Lignite Corporation (NLC). The Government holding in NLC as on December 31 last year ... More

Record cabinet meetings in 2005
THE Union Cabinet headed by the Prime Minister, Dr Manmohan Singh, has set an unprecedented pace in decision-making at the highest level, the Minister for Parliamentary Affairs, Mr Priyaranjan Dasmunshi, said here today. Mr Dasmunshi told ... More

One year up: FBT chips away at drug companies' profits
There is a lot of administrative work involved to maintain records and there is no clarity on how physician samples will be treated, says the official. More

Average returns lag for most Sensex stocks
The gains/losses depend on the time at which investors buy into the market, and the point at which they decide to call it a day. More

Cisco ties up with Bharti, VSNL for joint marketing
NETWORKING major Cisco Systems has tied up with Bharti Tele-Ventures and Tatas-managed Videsh Sanchar Nigam Ltd to undertake joint marketing initiatives and offer customised solutions for enterprise customers. This is part of the Cisco Powered ... More

Nasscom wants SEZ sops given to STPI units also — `SMEs now at a disadvantage'
MERE creation of Special Economic Zones for the IT industry without extending similar advantages to units in the Software Technology Parks of India would be detrimental to the interests of companies located in the latter, according to Mr Kiran ... More

TRAI seeks data on `lifetime' offers
THE Telecom Regulatory Authority of India (TRAI) on Thursday asked all mobile operators to submit data to prove the viability of the recently announced lifelong pre-paid card offers. The telecom regulator is also issuing a consultation paper to ... More

Cuts, kickbacks hit recruitment industry
LOOKS like kickbacks and cuts are not the preserve of politicians alone. Thanks to the great talent crisis in India Inc, a new scam is brewing in the recruitment industry. Malpractices such as recruitment of unsuitable talent, sharing of ... More

Chill in isolated pockets as fresh westerly system inches close
COLD wave conditions prevailed on Thursday over some parts of the plains of northwest India and in the east as a fresh western disturbance inched close to make a crossover into northwest India expectedly by Sunday. Punjab, west Rajasthan and ... More