The Hindu Business Line : Saturday, February 16, 2002

UTI market share dips below 50 pc in Jan
THE market share of the country's largest mutual fund, Unit Trust of India (UTI), in the over Rs 1 lakh crore mutual fund industry, has fallen below 50 per cent at the end of January 2002. According to figures released by Association of Mutual ... More

Pioneer ITI close to finalising buyers
THE two key stakeholders in Pioneer ITI Asset Management Company — the TCK Leasing and Financial Services group and Pioneer Investment Management Inc of the US, have decided to jointly put their stake in the AMC (asset management company) ... More

Govt relaxes control on bulk drugs
THE Government on Friday announced a significant easing of price controls on bulk drugs and formulations, bringing only those drugs with an annual turnover of Rs 10 crore and above - and vulnerable to market dominance and anti-competition ... More

Titagarh, Ruia Coatex bid for Jessop
TITAGARH Industries Ltd and Ruia Coatex have submitted price bids for acquiring 72 per cent of the Government's stake in Jessop & Company Ltd, a subsidiary of Bharat Bhari Udyog Nigam Ltd . "The price bids, submitted by the two bidders, would ... More

JNPT at sea over US-64 investments
THE Jawaharlal Nehru Port Trust (JNPT) has landed in a tight spot with investments of around Rs 230 crore in the troubled US-64 scheme of Unit Trust of India (UTI). The port, which is on course to be corporatised, is currently looking for ways ... More

G.N. Bajpai to head SEBI
THE Government is set to approve the appointment of Mr G.N. Bajpai, Chairman of the Life Insurance Corporation of India, as the new chief of the Securities and Exchange Board of India (SEBI). The appointment of Mr Bajpai is expected to be ... More

TotalFina not to bid for Dabhol
THE French energy major TotalFinaElf today announced that it was not going to participate in the sale of 85 per cent offshore equity of bankrupt Enron's Dabhol Power Company (DPC). "The board has decided not to express interest in buying a ... More

Mohan Gurunath is DPC MD
DABHOL Power Company on Friday said Mr Mohan Gurunath, currently Senior Vice-President and CFO, would take over as the company's new Managing Director. Mr Gurunath will replace Mr Wade Kline, who has been MD since June 2001. Mr Kline, who will ... More

Easy exit route for dormant ISPs
THE Department of Telecommunications (DoT) on Friday unveiled an easy exit route for Internet service providers (ISPs) that are yet to start their services despite holding a licence. According to an official statement, such companies can ... More

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