The Hindu Business Line : Thursday, January 31, 2002

SBI net goes up three-fold in Q3
STATE Bank of India (SBI) has reported a 178.97-per cent rise in net profit at Rs 613.89 crore for the third quarter ended December 31, 2001 as compared to Rs 220.05 crore in the corresponding previous quarter. Mr Janki Ballabh, Chairman, SBI, ... More

Re loses 12 paise
SPECULATION over the `real value of the rupee' drove the currency to end at an all-time low at 48.52/53 per dollar, weaker by about 12 paise from the previous close of 48.41/42 in a volatile forex market on Wednesday. The rupee opened weaker ... More

TRAI asks cell operators to cut roaming charges
THE Telecom Regulatory Authority of India (TRAI) has directed cellular operators to reduce the charges for national/region roaming. The authority has ruled that there shall be no entry fee for roaming. Further, a maximum limit of Rs 100 has ... More

Export goal pegged at $80 b by 2006-07
THE Medium-Term Export Strategy for 2000-07 targets exports of over $80 billion by 2006-07 and envisages raising the share in world trade to one per cent by the end of the Tenth Plan. The Union Minister of Commerce and Industry, Mr Murasoli ... More

VSNL Q3 net down 10.7 pc
VIDESH Sanchar Nigam Ltd has reported a 10.7 per cent decline in net profit at Rs 357.3 crore for the third quarter ended December 31, 2001, as compared to the net profit of Rs 400.2 crore during the corresponding quarter of the previous ... More

Ranbaxy to get $15 m from Eli Lilly divorce
RANBAXY Laboratories Ltd (RLL) is slated to receive a total payment of $15 million from the US-based Eli Lilly and Company, following the final wrap-up of their mutual decision to part ways. According to an RLL communique, Ranbaxy ... More

RBI approves Kotak Mahindra, Rabobank proposals
THE Reserve Bank of India has granted in-principle approval to Kotak Mahindra Finance Ltd and Rabobank for their proposals to set up banks. In the case of Kotak Mahindra, the RBI has stipulated that the NBFC has to convert itself into a bank ... More

MNC moolah for Bollywood masala
THE face of film financing in the country is set to change with the entry of the US-based Film Finances Inc. One of the largest issuers of `film completion bonds', the company has firmed up plans for an Indian presence. The arrival of the US ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in