The Hindu Business Line : Wednesday, April 10, 2002

SEBI to decide on UTI schemes shortfall issue
THE Government has left it to the Securities and Exchange Board of India to take a view on whether any shortfall in the assured return schemes of the Unit Trust of India has to be bridged by the sponsors of the Trust. Since the assured return ... More

IT is still highway as far as jobs go
THE last fiscal may have been a year of pay-cuts and pink slips for the information technology industry, but even during this tough time, the sector generated nearly a lakh of new jobs. As per the figures provided by National Association of ... More

BoI sells two MF schemes to Taurus
The `Boinanza equity linked saving on tax scheme' and the `Boinanza Exclusive growth scheme' have a total corpus of Rs 22 crore, and have been sold on an asset liability basis to Taurus whereby Bank of India will get a commission of around 2 per ... More

Sterlite awaits HC nod for buyback
STERLITE Industries (India) Ltd's (SIIL) scheme of arrangement to purchase its equity shares from shareholders is slated to come up for hearing on April 11, in the Bombay High Court. Having secured shareholders' nod for the proposal, the ... More

Rajasthan tax plays havoc with Gujarat gold trade -- Business drops 50 pc to Rs 6,000 cr
THE Gujarat bullion market, which at 280 tonnes accounted for a high 40 per cent of the entire country's 700-tonne market in 2000-01, is understood to have hit a trough in the last fiscal with volumes crashing by over 50 per cent to less than 140 ... More

Rs 600-cr excise claim on IPCL goes
THE Excise Department has withdrawn a Rs 600-crore excise claim on privatisation-bound Indian Petrochemicals Corporation Ltd (IPCL), giving a bonanza to the bidders keen on acquiring a 26 per cent controlling stake in the petrochemicals ... More

Iffco-Kribhco queer pitch for SCI bidders
THE wild card entrant Iffco-Kribhco pair has created a flutter among the established players in the shipping sector who are keen on acquiring the controlling stake of 51 per cent in Shipping Corporation of India (SCI) being put up for sale by the ... More