The Hindu Business Line : Thursday, January 24, 2002

Bharti Tele prices IPO at Rs 45
BHARTI Televentures Ltd on Wednesday announced a floor price of Rs 45 per share for its initial public offering which opens on January 28. This was lower than the last price at which private equity placements were made, Mr Sunil Bharti Mittal, ... More

VAT switchover to take one more year
The official reasons cited for not being able to stick to the April 1, 2002 deadline included the inability of the Centre to introduce amendments to the Central Sales Tax Act in the Winter session due to the terrorist strike on Parliament and absence of legislative amendments to give States additional powers on taxation of Additional Excise Duty items. More

UB forges pact with S&N; plans strategic buys
THE United Breweries (UB) group, India's number one brewer, on Wednesday announced its intentions to forge a strategic alliance with the UK-based Scottish & Newcastle (S&N). S&N, a leading European brewer and among the ten top brewers in the ... More

FIs may hire sleuths to track funds diversion
STEPPING up their offensive against deviant borrowers, financial institutions (FIs) have decided to engage the services of private investigators to track down instances of diversion of funds by promoters. FIs feel that the fear of sleuths ... More

Tipplers scale high tariff walls for foreign liquor
THE figures are out. Indian consumers, tipsy on the foreign brands, are increasingly lapping them off the shelves, despite high tariff walls. Imports of alcoholic beverages across all flavours have shot up during April-October 2001, over the ... More

India Inc barters problems away
IF you think the age-old rural barter system is dead and gone, you're behind the times. Indeed, it has gone ahead, entering the corporate world as well. As in recession-ridden America during the early 1970s, when companies facing a terrible ... More

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