Financial Daily from THE HINDU group of publications
Monday, October 14, 2002

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As today is a holiday for our office on account of 'Ayudha Pooja', there will be no edition dated 15th October.

Grasim taking 20 pc more in L&T — Open offer at Rs 190 per share aggregating Rs 945 cr
A.V. BIRLA Group's flagship company, Grasim Industries Ltd, is to pick up another 20 per cent stake in Larsen and Toubro Ltd (L&T) at Rs 190 per share aggregating Rs 945 crore through the open offer route shortly. The much-anticipated decision ... More

Divestment plans on course, hints Advani
THE Deputy Prime Minister, Mr L.K. Advani, today hinted that the Government would go full throttle with its public sector disinvestment agenda despite the temporary glitches that had cropped up recently forcing the deferment of the sell-off ... More

Bharti gets DoT notice for alleged violations
THE Department of Telecommunications (DoT) has sought an explanation from Bharti Telenet Ltd. (BTNL), the basic services arm of the Bharti group, for "illegally routing national long distance calls" in violation of its licence and interconnect ... More

Price bids called for 72% stake in NEPA
THE Union Government has invited price bids for privatising NEPA Ltd, the newsprint maker based in Madhya Pradesh. The lone bidder left in the fray has been asked to submit the financial bid by October 17, Government sources said. Efforts were ... More

Overseas media majors bullish on India
FACING tough times in their home markets, media conglomerates are looking at India as drivers for growth. Consider AOL-Time Warner. The world's largest media company with revenues of $20.34 billion for the first half of this year is saddled ... More

Honing war skills to be fighting fit
THE venue is a dense jungle. The players are all in uniform carrying wireless sets, maps, compasses, laptops, even guns -- all the equipment it takes to wage a war. They strategise, use tactics and techniques to win, lose and most important, to ... More

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