Financial Daily from THE HINDU group of publications
Monday, January 07, 2002
| Markets (Jan. 4) | ||||||||||
|
Financial Daily from THE HINDU group of publications Monday, January 07, 2002 |
|
||||||||||||
|
|
|||||||||||||
|
CORPORATE HOTELS PSU AP to deploy IBRD loan to reform public enterprises THE Rs 1,475-crore structural adjustment loan provided by the World Bank will be deployed to facilitate the Andhra Pradesh Government to launch the second phase of public enterprise reform process. The State Government recently decided to take ... More TAXATION Tax on foreign cos may be lowered to 35 pc THE Finance Ministry is considering a proposal to bring corporate tax rate for foreign companies at par with the rate on domestic companies in the ensuing Budget, in line with the recommendations of the Parthasarathy Shome Committee. ... More INDUSTRY ASSOCIATIONS Corporate tax rate cut, MAT withdrawal -- Sinha must bite the bullet, say CEOs A MAJORITY of the respondents of a CEO snap poll conducted by the Confederation of Indian Industry (CII) wants the Union Finance Minister, Mr Yashwant Sinha, to reduce corporate tax rate from 35 to 30 per cent and simultaneously eliminate the ... More
DISINVESTMENT Shipping Corporation of India -- What will the strategic sale really achieve? The Government has finally decided on the strategic sale of 51 per cent of the Shipping Corporation of India's equity, with foreign bidders allowed as long as an Indian partner picks up a higher stake. It might make sense for a non-shipping Indian co mpany having captive oil cargo to team up with a foreign shipping company with long-term interests, as this could hold advantages for both. More RESTRUCTURING Textile processors seek debt restructuring THE modern stand-alone textile processing industries, which face with severe capital erosion and unviable operating conditions, have sought restructuring of their outstanding debts with the term lending agencies/banks. These industries have ... More MERGERS & ACQUISITIONS UB in talks to take over GMR Vasavi brewery UNITED Breweries (UB) is negotiating to buy GMR Vasavi-owned brewery located at Srikakulam in Andhra Pradesh. The brewery, with an installed capacity of 1.2 lakh hectolitres, recently received the State Government nod for expansion. When ... More INTERVIEW CIL going steady to fuel national growth `CIL is a large company with very good infrastructure, producing about 280 million tonnes of coal at present. I do not perceive any threat from any private industry in the near future'. More ANNOUNCEMENTS Kshema plans to offload equity in favour of clients KSHEMA Technologies, a Bangalore-based software services company, is planning to offload a portion of its equity in favour of its clients. The proposed move is expected to bring in strategic investments and consolidate Ksehma's relationship ... More
`Promoters will clear dues to Zee this week'
ARM to launch Iospan's AirBurst technology
Tatra cabins to be made locally OPEN OFFERS Open offer for 17.1% Philips stake begins today THE open offer to purchase 17.1 per cent equity, representing the outstanding public shareholding of Philips India Ltd, by its parent company Royal Philips Electronics of the Netherlands, commences on Monday and closes on February 5, an official ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Dec. 30-Jan. 5 LIC arm to buy GLFL Housing Fin portfolio TCS gets Rs 200-cr order from United Utilities Bharti to join the cellular brandwagon in Mumbai |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home | Copyright © 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |