The Hindu Business Line : Saturday, May 25, 2002

Ministry moots IPO prior to BPCL divestment
THE Government is set to seek the approval of the Union Cabinet for launching an Initial Public Offering (IPO) of Bharat Petroleum Corporation Ltd (BPCL) aggregating Rs 1,000 crore, prior to the planned disinvestment in the company. The ... More

Gold at new high on global rally
International gold prices have been on a short burst of a bullish phase, mainly because the precious metal provides safety in the backdrop of uncertainties globally, economic as well as political. More

Markets do about-turn, rise sharply
STOCK markets, after an eight-day fall, took a U-turn in today's trading with the BSE Sensex rising sharply by 141.5 points on hopes that a war between India and Pakistan may not happen. The mood in the market turned optimistic following the ... More

Divestment condition waiver -- Coke gets thumbs down again
THE Government has again rejected the application of Coca-Cola seeking a waiver from the mandatory condition of disinvesting 49 per cent of stake in the company's Indian bottling operations to domestic public shareholders. This is the second ... More

Reliance, 3 others allowed to sell petrol, diesel
THE Government has granted approval to Reliance Industries Ltd (RIL), Numaligarh Refineries Ltd (NRL), Oil and Natural Gas Corporation (ONGC) and Essar Oil Ltd (EOL) for marketing petrol and diesel. Addressing a press conference on Friday, the ... More

Cordless phones will turn PASsé
THROW away your cordless telephone if you have one. It could become terribly outdated soon. A new cordless technology - Personal Access System (PAS) - developed by US-based UTStarcom Inc, which has made waves in China, is now being tested ... More

Foreign cos may stop contribution to Seamen's PF
FOREIGN shipping companies employing Indian seamen may stop contributing to the gilts scam-tainted Seamen's Provident Fund (SPF). SPF reportedly lost Rs 100 crore to rogue traders in the Government securities market. According to agents ... More

Templeton bullish on India
LEADING global fund manager, Franklin Templeton, sees the underlying trend in the Indian market as strong and positive despite the current tensions on the Indo-Pak border. Mr Charles E. Johnson, President, Franklin Templeton International, on ... More