The Hindu Business Line : Wednesday, May 29, 2002

Listed PSUs make Govt richer by Rs 45,000 cr
THE market may have been harsh on small investors, but the Government has little reason to complain — so handsomely has it been rewarded. It is richer by nearly Rs 45,000 crore on its holdings in 27 listed public sector undertakings (PSUs), ... More

`Musharraf evades issue of promoting terrorism'
INDIA today angrily brushed aside the Pakistan President, Gen Pervez Musharraf's televised address to the nation on Monday night, terming it as "both disappointing and dangerous''. "Disappointing, as it merely repeats some earlier assurances ... More

Sensex sheds 97 points as Musharraf douses sentiment
SHARE prices fell sharply on bourses across the country on Tuesday in what appears to be a knee-jerk reaction to the Pakistani President, Mr Pervez Musharraf's speech on Monday. The benchmark 30-share sensitive index (Sensex) of the Bombay ... More

ED to issue FERA notices before sunset clause expires
THE Enforcement Directorate is set to issue notices to scores of companies and individuals under the erstwhile Foreign Exchange Regulation Act (FERA), with just three days to go for the expiry of the sunset clause under the Foreign Exchange ... More

VSNL to invest Rs 1,200 cr in Tata Teleservices
THE board of Videsh Sanchar Nigam Ltd has decided to invest up to Rs 1,200 crore in the share capital of Tata Teleservices Ltd, the basic telephony services company in the Tata fold. "The strategic investment will be in tune with the company's ... More

Hughes Tele posts operating profit at Rs 13.5 cr
HUGHES Tele.com, basic telephony operator in the circles of Maharashtra and Goa, has reported a net loss of Rs 44.2 crore for the quarter ended March 31, 2002. The company had reported a net loss of Rs 136.8 crore during the corresponding quarter ... More

IOC may go it alone on TN pipeline project
INDIAN Oil Corporation (IOC) is understood to be evaluating the option of independently implementing the Rs 520-crore Chennai-Tiruchi-Madurai (CTM) pipeline project, originally conceived by Petronet India Ltd. This follows the insistence of ... More

Short & tight, Aamir style goes trendy
The answer may very well go in its favour, what with short and tight shirts flying off the shelves after Aamir Khan wore them in last year's urban flick Dil Chahta Hai. Among the apparel companies that tasted success with short ... More

SEBI revelation on OCBs stumps CBI -- Did Ketan dupe his own partners?
AN observation by the Securities and Exchange Board of India (SEBI) that stockbroker Mr Ketan Parekh defrauded six overseas corporate bodies (OCBs) has stumped the Central Bureau of Investigation (CBI) which thought they all were "partners in the ... More

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