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Tuesday, April 16, 2002
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Hind Lever sales dip 10 pc, net rises 26 pc in Q1
FMCG major Hindustan Lever Ltd (HLL) today reported a 26.2 per cent rise in net profit to Rs 428.54 crore for the first quarter ended March 31, 2002, as against Rs 339.53 crore in the year-ago period. This includes exceptional income of Rs ... More

Kotak Mahindra to merge four arms with itself
KOTAK Mahindra Finance Ltd (KMFL) has decided to merge four of its investment firms with itself before converting into a bank. KMFL's is one of the two proposals recently cleared by the Reserve Bank of India for setting up private sector banks. ... More

Manipal group to shut down NBFC arms -- Restructuring plans for repayment of deposits
THE Manipal group plans to exit non-banking finance business by shutting down its three subsidiaries — Maha Rashtra Apex Corporation Ltd (MRAC), Canara Nidhi Ltd (CNL) and Manipal Home Finance Ltd (MHFL). The group has requested the ... More

Elf Gas acquires Mobil Peevees' LPG business
ELF Gas India Ltd (EGIL), the fully owned subsidiary of the French petroleum major TotalFinaElf, has acquired the marketing and bottling activities of the Mobil Peevees Company Ltd's (MPCL) liquefied petroleum gas (LPG) business. Following the ... More

DCA exempts FIs from DRR provisions
THE Department of Company Affairs (DCA) has decided to exempt all-India financial institutions, regulated by the RBI and banking companies, from the provisions of debenture redemption reserve (DRR). This exemption is for both public as well as ... More

`Mahajan effect' speeds up village telephony
THE Union Communications Minister, Mr Pramod Mahajan's warning to Bharat Sanchar Nigam Ltd (BSNL) and the private basic operators to deliver on their targets of providing village public telephones (VPT) seems to be having an impact. As per the ... More

HDFC Bank fourth-quarter net up 38 pc at Rs 90 cr
HDFC Bank Ltd has recorded a 37.7 per cent growth in net profit at Rs 90.24 crore for the fourth quarter March 31, 2002, as compared to Rs 65.54 crore in the corresponding period in the previous year. "The bank's performance is in line with ... More


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Turbo-charged mobikes save auto sector blushes in 2001 -- Q4 sales surge rescues cars


`Mahajan effect' speeds up village telephony

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Kotak Mahindra to merge four arms with itself

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Hind Lever sales dip 10 pc, net rises 26 pc in Q1

In Depth
Inside Kashmir
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US-64
Looking back
Apr. 7-Apr. 13
Close end redemptions may drain UTI coffers

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TN to push for number one position in FDI flow

Manu Chhabria dead

MFs can invest 4 pc of assets in foreign papers -- SEBI fixes individual limit at $50 m

Norms for dividends sans depreciation under study

Bharti makes an international call

Govt set to distance itself from UTI, give up powers -- Act amendment on the cards

Direct tax mop-up falls short of target

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IT is still highway as far as jobs go

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FII investment in telecom to be outside FDI cap

I-T rules on perks to be eased further

UTI team to examine audit reports of 9 cos

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Ranbaxy UK arm a problem child?

MRPL may go into Reliance fold -- Birlas, HPCL in talks to shed part of stake

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