The Hindu Business Line : Thursday, February 14, 2002

Long-term capital gains tax -- SEBI seeks parity between domestic, foreign investors
THE capital market regulator - SEBI - has recommended to the Finance Ministry the waiver of dividend distribution tax on companies and reduction of long-term capital gains from 20 to 10 per cent for domestic investors on a par with overseas ... More

PETROLEUM

Third round NELP bids next month
THE third round of oil and gas exploration blocks under the New Exploration Licensing Policy will be offered for global bidding by the end of this fiscal, according to the Union Petroleum Minister, Mr Ram Naik. Inaugurating a seminar on ... More

TYRES

Truck, bus tyre sales up in Dec
TRUCK and bus tyre production continued the revival path with December sales rising to about 6.8 lakh units, compared with 6.52 lakh sold in November, according to the latest industry figures released on Wednesday. However, when compared with ... More

HOME APPLIANCES

Small appliances cos form association
TO jointly tackle issues facing the small appliances segment and to conduct research, several appliances companies have decided to come together to form the Small Appliances Manufacturers Association (SAMA). Mr P.S. Tandon, Vice-President, ... More

DISINVESTMENT

VSNL enters Tata family
THE Tatas formally acquired 25 per cent equity stake in Videsh Sanchar Nigam Ltd (VSNL) on Wednesday by signing the shareholders' agreement with the Government. Mr Ratan Tata, Chairman of the Tata group, handed over a cheque for Rs 1,439 crore ... More

BSNL almost jammed Tata lines
THE Tata group has taken strategic management control of Videsh Sanchar Nigam Ltd (VSNL) by beating two contenders, and not just Reliance, as is widely believed. According to official sources, a few days prior to the placing of financial bids ... More

BPCL, HPCL divestment -- Govt to pre-empt monopolies
NO single corporate entity will be allowed to acquire a majority stake in both BPCL and HPCL, slated for disinvestment shortly, according to the Disinvestment Ministry Secretary, Mr Pradip Baijal. Going by this rule, Reliance Petroleum may not ... More

Of saabs, wedlock and TV soaps
AT Videsh Sanchar Nigam Ltd (VSNL), life orbits around the inevitable saab. Disinvestment, seemingly a hiatus in the journey from one master to another. The sale of its 25 per cent equity to the Tatas struck a note of realism today with ... More

Implement wage revision, say Paradeep staff
EVEN as the imminent privatisation of Paradeep Phosphates Ltd (PPL) looms large on the horizon, employees of the sick public sector undertaking have reiterated their demand that wage revision — as approved by the PPL's board of directors on ... More

Land-lease rows stall privatisation process
REFORMIST Governments in Kerala, Andhra Pradesh and Madhya Pradesh have stalled the Union Government's bid to privatise Instrumentation Control Valves Ltd (ICVL), Bharat Heavy Plates & Vessels Ltd (BHPV), NEPA Ltd and Tungabhadra Steel Products ... More

CCD to vet PSU restructuring
THE Cabinet Committee on Disinvestment (CCD) has been authorised to vet all cases of financial restructuring involving sick PSUs that are lined up for disinvestment by the Union Government. This is a deviation from the existing arrangement ... More

Paradeep: Epitome of PSU woes
A DEBT burden since its early days, improper marketing initiatives, inability to manoeuvre in tandem with the demands of an open economy, and unbridled political interference in labour matters are some of the reasons that have contributed to the ... More

FOREIGN DIRECT INVESTMENT

FDI panel mulls opening up of retail trading -- No plans for allowing entry into print media
THE Steering Committee on Foreign Direct Investment (FDI) is mulling a proposal of opening up the retail-trading segment for FDI even as it is not in favour of opening up print media to foreign investment. Briefing presspersons on the work ... More

REGULATORY BODIES & RULINGS

CLB extends jurisdiction
THE Company Law Board has issued a notification amending the CLB Regulations, 1991 to provide for extension of its jurisdiction to cover the newly created States of Chhattisgarh, Jharkhand and Uttaranchal with immediate effect. The ... More

TOURISM

Karnataka to `Connect' pvt sector to tourism
KARNATAKA has embarked on a major initiative that will see involvement of private sector from the planning stage to implementation of various schemes as a partner through a new forum called `Connect'. Announcing this at a press conference here ... More

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

Rubco floats tender to export 10,000 tonnes

VSNL enters Tata family

Leasing body working on common business code

RBI approves ADR/GDR re-issue

All set for the UP battle

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Feb. 3-Feb. 9
Bonanza awaits Govt on VSNL, IBP sell-off

Non-captive iron ore segment -- Need for external marketing freedom

Govt may allow FDI in tobacco sector