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Maintaining interest rate on deposits: Detail investment plan to justify 9.5 pc, EPFO told
THE Finance Ministry and the Employees Provident Fund Organisation (EPFO) appear to be on a collision course with the Ministry putting the onus on the organisation to come up with investment options, which would guarantee a return of at least 9.5 ...
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`CAG audit failed to detect misuse of seamen fund'
THE annual audit of the accounts of the Seamen's Provident Fund (SPF) by the Comptroller and Auditor-General (CAG) of India had failed to detect the lack of possession of securities against which investments were made out of the fund. "This ...
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Auto cos for higher I-T rebate to rev up R&D
According to some industry estimates, out of a total turnover of Rs 47,490 crore in financial year 1999-2000, Rs 895 crore (or 1.9 per cent) was spent on research and development activities.
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IA may hedge on ATF prices
INDIAN Airlines (IA) is examining several options including hedging against price risks on aviation turbine fuel (ATF) to get out of the red during the next financial year. "IA has been approached by at least one agency to hedge on ATF prices. ...
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Estel — The ILD dark horse
GUESS who could be the strongest competition to Videsh Sanchar Nigam Ltd (VSNL) in providing international long distance services? While the "big guns" Bharti and Reliance are certainly in the reckoning, it is the little known Estel group which ...
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Haagen Dazs to chill India soon: US ice-cream major scouting for partners
HAAGEN Dazs, the world's largest super premium ice-cream brand, is on its way to India. Haagen Dazs' officials are said to be scouting for potential partners and franchisees in the country. The ice-cream and frozen dessert brand, widely ...
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Retain creeping acquisition limit till March 2004: Panel
PROMOTERS and promoter groups looking at opportunities for quicker consolidation of holdings may have a cause for cheer, with the SEBI-appointed Justice P.N. Bhagwati Committee for reviewing takeover code recommending the retention of the ...
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