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Nilekani crowned Infosys CEO -- Narayana Murthy is `Chief Mentor'
MR N.R. Narayana Murthy, one of the founders of Infosys Technologies Ltd, has decided to step down as the Chief Executive Officer, and pass on the baton to the co-founder and COO, Mr Nandan Nilekani. Donning the new cap of Chief Mentor, Mr ...
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Infosys Q3 net up 2.22 pc over Q2
INFOSYS Technologies has posted a marginal growth of 2.22 per cent in net profit for the third quarter ended December 31, 2001, compared to July-September 2001. Total income went up 1.64 per cent for sequential quarters. Net profit for the ...
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Zuari to buy out India Cements in Sri Vishnu
ZUARI Cement Ltd today said it would be acquiring the entire equity holding of India Cements Ltd and its associates in Sri Vishnu Cement Ltd for an enterprise value of Rs 385 crore. India Cements and its associates hold 95 per cent stake in Sri ...
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FIs open to divesting MRL stake in favour of Modis
IN a fresh twist to the ongoing tussle for management control of Modi Rubber Ltd (MRL), financial institutions (FIs) have decided to open negotiations with the Modis to offload their holdings in favour of the promoters. Top FI officials ...
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Post-APM sword hangs over RPL-IOC deal
AS the Indian Oil Corporation (IOC) and Reliance Petroleum Ltd (RPL) discuss the terms of the marketing agreement signed two years ago, it may be in order to focus on the core issue at stake now. What exactly is the core point of dispute between ...
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Tax mop-up down 2.4 pc
WITH a steep drop in customs collections and corporate tax revenues, the Centre's tax collections declined by 2.4 per cent to Rs 1,26,390.63 crore up to December 2001 as compared to Rs 1,29,587.47 crore in the same period last year. The Centre ...
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Excise Ordinance promulgated
THE President, Mr K.R. Narayanan, tonight promulgated an Ordinance to amend the Central Excise Tariff Act 1985 enabling the Finance Ministry to fix any rate of excise duty under its emergency powers. Hitherto, the provisions had limited the hikes ...
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Special effects come to Bollywood
IF you raved about Hollywood thrillers like Men In Black, Independence Day and Godzilla, just look out for similar special effects fare from Bollywood soon. Compudyne Winfosys, the Bangalore-based Internet and multimedia ...
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