The Hindu Business Line : Sunday, May 19, 2002

Reliance bags IPCL for Rs 1,491 cr -- Quotes Rs 231 per share for 26 pc stake
IN a further boost to its ambitious privatisation programme, the Centre today cleared the sale of 26 per cent of its equity stake in Indian Petrochemicals Corporation Ltd (IPCL), along with transfer of managerial control, to Reliance Industries ... More

CRR cut advanced to June 1
THE Reserve Bank of India has decided to effect the 50 basis points cut in CRR from June 1, a fortnight ahead of its earlier scheduled date. In the monetary and credit policy for 2002-2003, the RBI had announced that the CRR be reduced by 50 ... More

EU dumping probe on CD-Rs from India
THE European Union (EU) has launched anti-dumping and anti-subsidy proceedings against yet another product from India. Coming under the EU scrutiny this time are compact disks-recordable (CD-R) that are optical storage WORM (write once read many) ... More

Cong opposes cable TV Bill
WHY did the main Opposition party, the Congress, raise a dissenting voice against the Cable Television Networks (Amendment) Bill 2002 in the Rajya Sabha on Friday? Mr Kapil Sibal, Rajya Sabha member from the Congress, had said that there was ... More

Polls, deep cleavage worry Gill
WITH his assignment to riot-ravaged Gujarat taking place at the initiative of the Union Government, quite a few Ministers in the Modi Cabinet are still sulking, but the super cop, Mr K.P.S. Gill, who wears his present hat as the Security Advisor ... More

Forex reserves up $92 m at $55.71 b
THE country's forex reserves have risen by $92 million to touch $55.712 billion for the week ended May 10, as compared to $55.620 billion in the previous week, according to the Weekly Statistical Supplement of the RBI. Forex dealers said that a ... More

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