The Hindu Business Line : Saturday, June 15, 2002

SAB close to buying stake in Shaw Wallace
THE $4.2-billion South African Breweries Plc has moved a step closer to buying a stake in the Jumbo Group-controlled Shaw Wallace & Co Ltd's beer business. The top officials of SAB India Ltd met with Jumbo Group management in Dubai earlier this ... More

Draft agreement to be modified -- Govt willing to let SCI stake fall below 26 pc
THE Union Government is willing to let its shareholding in Shipping Corporation of India (SCI) fall below 26 per cent after the proposed strategic sale by agreeing to offload requisite number of shares from its residual holding to keep the ... More

L&T net down 25% in Q4
LARSEN & Toubro Ltd (L&T) today reported a 10.07 per cent rise in net profit to Rs 346.8 crore for the year ended March 31, 2002, as against Rs 315.06 crore in the corresponding period last year. Its board has recommended a dividend of Rs 7 per ... More

Barista `brewing' Rs 100-cr turnover
THE brew is frothing. About one year after Tata Coffee Ltd acquired a strategic 34.3 per cent equity stake in Barista Coffee Company (BCC), the latter has formulated its target. The country's fastest growing coffee retail chain, eight per cent ... More

Jalan happy with PSB performance
THE Reserve Bank Governor, Dr Bimal Jalan, today expressed satisfaction at the performance of public sector banks. Talking to reporters after a meeting with the Union Finance Minister, Mr Yashwant Sinha, to review the performance of public ... More

Ciba Specialty among 36 FDI plans cleared
THE proposal of Ciba Specialty Chemicals (India) Ltd to increase foreign equity by raising the stake of its Swiss parent Ciba Specialty Chemicals Holdings, from the present 40 per cent to 89 per cent involving fresh investments worth Rs 71.58 ... More

These scientists start young
GUESS what Akshat Singhal, a high school `scientist', is doing this summer? A paid internship with Agilent Technologies in New Delhi. Seventeen years old and in Class 11, Singhal may be one of the youngest interns a computer major has taken on, ... More

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