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Tuesday, May 21, 2002
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HLL tags special dividend to bonus debenture -- Scheme modified to address income-tax problem
HINDUSTAN Lever Ltd (HLL) has altered the earlier announced bonus debenture scheme, including a special dividend of Rs 2.76 per share, to the existing proposal of a bonus debenture of Rs 6 per share. In the altered scheme, the entire tax on ... More

Ramadorai on HLL board
MR S. Ramadorai, Chief Executive Officer of Tata Consultancy Services, has joined the board of Hindustan Lever Ltd as an independent non-executive director with effect from today. Mr. Ramadorai is also the Chairman of Tata Technologies Ltd and ... More

Rising tensions pull markets down
MOUNTING tensions on the India-Pakistan border and the fear of a possible sovereign rating downgrade by rating agency, Standard & Poor's, permeated across financial markets today, driving down stocks and bonds. The benchmark 30-share sensitive ... More

War alert to Indian ships
THE Government today put all Indian merchant ships on alert, in view of the security environment prevalent in the Arabian Sea. All Indian ships were directed to report their voyage plans to the Maritime Administration on a 24-hour basis. ... More

RBI bans physical deals with brokers
THE Reserve Bank of India today banned all transactions in physical form with brokers by RBI regulated entities, with immediate effect. In a circular today, the central bank said that "no further transactions by a regulated entity should be ... More

Dabur Foods plans strategic alliances with FMCG cos
HAVING met its projections of breaking even in March 2002, Dabur Foods Ltd - the 100 per cent subsidiary of the Rs 1,166-crore Dabur India Ltd - is identifying fresh areas of growth and taking a re-look at its product portfolio. Last ... More

Room for more in home loans space
IT has never been so good for seekers of housing finance with interest rates having fallen as much as 1.5-2 per cent over the past year. With recent cuts from market leader HDFC, the market seems to be poised for yet another spate of cuts ... More


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