The Hindu Business Line : Sunday, February 16, 2003

Cross-border equity investments: Experience yes, value no
IF YOU try your hand at cross-border investments in companies such as Unilever, Gillette, and Procter and Gamble, the chances are you will end up treasuring only the experience but not any great returns. That is because overseas stocks may not ... More

Confusion abounds on investing abroad
THERE is a high degree of uncertainty about investing in equity abroad — particularly on such issues as eligibility of stocks and types of security in which investment can be made. The restrictions placed also impose barriers to tapping ... More

Divi's Labs: Reactive
INVESTORS can consider subscribing to the public offer of the Hyderabad-based Divi's Laboratories at the floor price of Rs 130. The company derives a substantial portion of its revenues by supplying active pharmaceutical ingredients (API) to drug ... More

Consumer durable loans: How to choose one
YOU want to buy a fancy electronic gadget, but do not have enough money. All you have to do is to choose from a wide range of financiers and take a loan. Sounds easy. But if you do not want to be taken for a ride, then it is better to do your ... More

AMP Sanmar's Subha Shree
AMP Sanmar's endowment policy, Subha Shree, entails payment of premiums for five years lesser than the plan term. However, the life cover continues to exist for the whole term. How it works The policy is open to ... More

Bharat Forge: Forging ahead
THE fixed deposit programme of Bharat Forge is suitable for depositors who are not risk-averse. The interest rates on offer are relatively higher than other manufacturing companies such as Fenner (India). The company's recent financials are ... More

ECONOMY

Bank credit up Rs 15,152 cr
BANK credit increased by Rs 15,152 crore to touch Rs 7,04,087 crore for the fortnight ended January 31, 2003. This is inclusive of non-food credit, which rose by Rs 16,652 crore, to touch Rs 6,53,639 crore and food credit, which dipped by Rs ... More

Assocham irked by States' `fictitious' tax demands
SOME State Governments are trying to offset their fiscal laxity by raising "fictitious" tax demand on companies, said Mr R.K. Somany, President, Associated Chambers of Commerce and Industry (Assocham), at a press conference here today. At the ... More

FOREIGN TRADE

Australian trade team to pitch for investments
THE Australian Trade Minister, Mr Mark Vaile, is arriving here on a three-day official visit beginning February 17. Mr Vaile will be accompanied by a large business delegation, representing a wide range of sectors. During his stay, Mr Vaile, ... More

HEALTH

Apollo, ICICI Lombard tie up for emergency care
APOLLO Hospitals has entered into an alliance with ICICI Lombard General Insurance to offer a unique health insurance product aimed at making emergency care accessible to the common man. Addressing newspersons here on Saturday, the Apollo ... More

INFRASTRUCTURE

Lack of cold storage hinders flower exports from Kolkata
A LESSER number of outbound international flights from Kolkata and lack of appropriate infrastructure such as cold storage facilities in the international airport here are among the reasons that have hindered the prospects of flower exports from ... More

PETROLEUM

Oil refining and marketing: Deregulation, warts and all
THE first year of transition to a free-market economy for the oil sector is fast drawing to a close and it has been a truly remarkable one. The scale and pace of changes witnessed by the industry since April 1, 2002, have been far greater than ... More

Where's the regulator?
IT IS an aberration and a major one at that. Here is an industry that has been freed from government control and thrown open to market forces but without a regulator to maintain order. The Government moved the Petroleum Regulatory Board Bill 2002 ... More

Own the pipe, call the tune
LOGISTICS is the watchword for oil marketing companies in the deregulated market. Given the size of the country, speed and reach in stocking and moving products into the hinterland from the refinery locations assumes critical importance. ... More

A complex game waiting to be played out
IOC: Hold
HPCL: Buy
BPCL: Sell
Reliance: Hold More

BRPL contracts 1.5 mt crude from Ravva field
BONGAIGAON Refinery and Petrochemicals Limited (BRPL), a subsidiary of Indian Oil Corporation (IOC), has contracted 1.5 million tonnes of crude from Ravva oil field for the current fiscal, according to an official release. Oil and Natural Gas ... More

PLASTICS

Mukesh sees good future for plastics
THE Reliance Industries Chairman, Mr Mukesh Ambani, sees immense growth prospects for the plastic industry, which is one of the fastest growing industries of the country. He also sees a new beginning for plastics that would defy the notion that ... More

WATER

Regulating pesticides — When a ban is not actually a ban
AS the Centre for Science and Environment findings open a Pandora's box about pesticide residues in drinking water, it resurrects consumer worries about the profile of pesticide products being used in India and the laws governing pesticide use. ... More

INDUSTRY ASSOCIATIONS

Revamp credit delivery system: Assocham
THE Associated Chambers of Commerce and Industry of India (Assocham) has called for a restructured credit delivery system that would remove the structural bottlenecks and the high credit risks in the economy. In a press release issued here, the ... More

STANDARDS & BENCHMARKS

Bottled water norms likely by April
ALL the fuss over bottled-water looks set to be channelled towards a logical conclusion with the Union Health Minister, Ms Sushma Swaraj, putting a lid on the issue. "The Bureau of Indian Standards (BIS) has quantified the limits for ... More

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