Chhattisgarh offers Rs 552 cr for 51 per cent Balco stake -- Assures court of law and order around plant
IN a new twist to the controversy over the disinvestment of Bharat Aluminium Company (Balco), the Chhattisgarh Government on Monday told the Supreme Court that it was ready to pay Rs 552 crore to buy 51 per cent of the Central Government's share in the c ompany which was sold to Sterlite Industries for Rs 551.5 crore.

No going back, avers Shourie
THE Government on Monday ridiculed the Chhattisgarh Chief Minister, Mr Ajit Jogi's offer to buy 51 per cent of the Government's equity in Balco for Rs 552 crore -- Rs 50 lakh more than the price paid by Sterlite Industries.

UB acquires 75 pc stake in Mangalore Brew
UNITED Breweries Ltd (UB) today said it has consummated an agreement to purchase 75 per cent stake in Mangalore Breweries and Distilleries Ltd (MBDL) through its wholly-owned subsidiary, United Breweries (Holdings) Ltd.

SEBI suspends BSE board in swift move
THE Securities and Exchange Board of India today initiated action against the elected members of the governing board of the Bombay Stock Exchange, including Mr Anand Rathi and Ms Deena Mehta, in the wake of the crisis witnessed on the bourses in recent d ays.

Trades, volumes take a knock
RUMOURS and controversies continued to hound Dalal Street today, fuelling panic throughout the trading session. While the benchmarket BSE-30 sensitive index (Sensex) dropped 114 points or 2.94 per cent, the Nifty dropped 4.53 per cent, losing 56.80 point s.

Money bill approved
NEW DELHI: Parliament has approved a money Bill for levy of two per cent surcharge on direct taxes for rehabilitation and reconstruction in quake-hit Gujarat.

SHCIL halts securities lending operations
STOCK Holding Corporation of India Ltd (SHCIL) has stopped its securities lending business from today. The decision has been taken by the largest domestic custodian and depository participant owing to the turbulent conditions prevailing in the equity mar kets over the last two weeks.

Nosy Govt snoops for info
EVERYBODY has problems. Portals in the West have to convince their customers they will keep all information about them private -- mainly from marketers.

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