LIC, GIC shun Tata Engg rights -- Promoters' stake may touch 30 pc with subscription
TATA Engineering's Rs 671.63-crore rights issue was fully subscribed at close today, with the promoters' stake in the automobile major slated to rise from the current 26 per cent to ``at least 30 per cent.''

Marginal hike in prices of petro products
RETAIL sale price of petrol, diesel and LPG cylinder will rise marginally with the Government deciding to raise the dealers' commissions on petrol by 13.5 paise per litre and that on diesel by 8.8 paise per litre with effect from November 10. The distrib utor's commission on domestic LPG has been raised by Rs 1.02 per cylinder.

Eagle's eye on `shady' Customs, Excise officers
THE tax administration is in for a major overhaul with directives being issued to the Central Board of Excise and Customs (CBEC) to identify and shift officials of "doubtful integrity" from sensitive to non-sensitive portfolios.

SEBI okays Forbes counter bid
THE Securities & Exchange Board of India (SEBI) on Friday decided in favour of the small shareholders of Forbes Gokak Ltd and allowed the counter bid launched by Pawankumar Sanwarmal to proceed.

HC restrains DPC from issuing termination notice
THE Mumbai High Court on Friday passed an ad interim order restraining Enron-promoted Dabhol Power Company (DPC) from issuing a final termination notice to the Maharashtra State Electricity Board (MSEB) until December 3.

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