Bank privatisation efforts faltering
According to top Finance Ministry sources, the divestment, that requires amendments to various Acts, has been completely halted and is now stuck in various Standing Committees of Parliament.
Wipro posts 17 pc rise in Q3 net
WIPRO Ltd has recorded a 12 per cent growth in revenues at Rs 875.9 crore and a 17 per cent rise in net profit at Rs 223.6 crore for the third quarter ended December 31, 2001. For the nine-month period ended December 31, 2001, net profit grew ...
Maharashtra sacks arbitration lawyer in Enron dispute
THE State Government has sacked the Singapore-based lawyer, Mr Quenton Loh, as its arbitrator in the dispute against Enron. According to sources, it has short-listed six candidates to replace Mr Loh. Mr Loh was found to be an advisor to Enron's ...
ITC Hotels Q3 net loss at Rs 3.65 cr
ITC Hotels Ltd has posted a net loss of Rs 3.65 crore for the third-quarter ended December 31, 2001 as compared to a net profit of Rs 3.43 crore in the corresponding period last fiscal. Total income declined from Rs 36.44 crore to Rs 27.42 ...
ITC net sales up 8 pc in Q3
ITC Ltd has recorded a 17 per cent increase in its net profit for the quarter ended December 31, 2001 at Rs 259.23 crore against Rs 221.60 crore for the corresponding period of the last financial year. Nine-month post-tax profits have ...
M&M promoters' stake creeps up over 4 pc
THE promoters of Mahindra & Mahindra (M&M) have increased their holding in the company by over four per cent in the last quarter (Oct-Dec 2001) through the creeping acquisition route. Following the creeping acquisition, the holding of the ...
SEBI preparing disclosure norms for investment cos
THE Securities and Exchange Board of India (SEBI) is in talks with the Department of Company Affairs (DCA) for preparing disclosure norms for investment firms about their transactions in shares of their parent companies and associates. "We plan ...
Putting up The Smart Manager
BUSINESS historian and author of bestsellers such as Business Maharajas, Business Legends and Business Mantras, Ms Gita Piramal once again has something up her sleeve. And this time it is not strictly of the business genre, but ...
DCA amends salary norms for loss-making cos
THE Government has relaxed the norms governing managerial remuneration payable by companies that make inadequate or no profits. Corporates in this category can now pay their managers a monthly remuneration of up to Rs 4 lakh per month. The ...
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