Financial Daily from THE HINDU group of publications
Wednesday, February 06, 2002
Markets (Feb. 5)
BL 2501018.76 (+9.37)
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Dollar (Buy/Sell)48.67/48.80
Gold Std (10gm)4860 (+100)

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Tatas pocket VSNL for Rs 1,439 cr, IOC gets IBP
INDIAN Oil Corporation Ltd and Tata Sons Ltd have won strategic control of IBP Co Ltd and Videsh Sanchar Nigam Ltd (VSNL) respectively in a major disinvestment event, fetching the Union Government a neat Rs 2,592.93 crore and signifying a ... More

IBP divestment a 'major boost' for BPCL, HPCL market ratings
IBP's disinvestment process, which concluded on Tuesday with the official announcement granting 33.58 per cent stake to IOC, is seen to improve the ratings for upcoming candidates, BPCL and HPCL. With IBP shares getting a premium of 80 per ... More

Grain curbs off, sugar freed, new policy for drug sector
THE Government today cleared a host of long-pending reform measures, especially in the agriculture and pharma sectors, thus fulfilling the promises made in the 2001-02 Budget. On top of the proposals cleared by the Union Cabinet on Tuesday was ... More

Funds tied up: Tatas
THE Tatas would be acquiring the 25 per cent equity stake in Videsh Sanchar Nigam Ltd (VSNL), through a Special Purpose Vehicle (SPV). The main participant companies in the SPV, will be the Tata Group's main holding company, Tata Sons, and Tata ... More

Enron, cows and a whole lot of bull
WHEN Enron went boom, a good many people got singed in the hip pocket - but the falling debris also hit a lot of folks in the funny bone. Thus, a popular bulletin board on the Net seeks to define the difference between traditional capitalism ... More

Open offers to be made at bid price
INDIAN Oil Corporation (IOC) and Panatone Finvest (a Tata group company) will have to make open offers for buying 20 per cent stakes of IBP Co Ltd and VSNL held by the public at their respective bid prices of Rs 1,551.25 per share for IBP and Rs ... More

Sale of 3 ITDC, HCI assets okayed
THE Cabinet Committee on Disinvestment (CCD) on Tuesday cleared the sale of three hotel properties belonging to the India Tourism Development Corporation (ITDC) and Hotel Corporation of India's (HCI) Centaur property at Mumbai airport for a total ... More

Curbs on wheat exports go
THE Government on Tuesday removed quantitative restrictions on export of wheat and wheat products, coarse grains and butter while also doing away with the existing packaging restrictions of five kg consumer packs on export of pulses. ... More

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Praxis New!

Top Stories
Tatas pocket VSNL for Rs 1,439 cr, IOC gets IBP

Restructure State finances or perish: Chelliah

Bajaj Auto aims to pip Hero Honda

Tatas hit jackpot with VSNL

Coffee output slide likely to continue

Grain curbs off, sugar freed, new policy for drug sector

GDP growth estimated at 5.4 pc -- Agriculture, services come to the rescue

In Depth
Inside Kashmir
Guide to derivatives
Looking back
Jan. 27-Feb. 2
Bharti launches NLD operations

Private players set to enter domestic money transfer

$1.3-b overseas borrowings -- Reliance set to pay hefty withholding tax

French tractor major buys out Thapars in 2 ventures

`Railneer' to quench commuters' thirst

Reliance signs licence for long-distance

3 options for insurance development officers

Re loses 12 paise

SBI net goes up three-fold in Q3

GDP growth pared to 4 pc

Cyber criminals face fine up to Rs 1 crore

Tatas, Reliance bid for VSNL

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