The Hindu Business Line : Monday, June 17, 2002

Infrastructure projects: Talks soon with ADB, World Bank for $2-b loan
Part of the funds could be used for setting up safety systems for the railways besides projects in other sectors. Both World Bank and ADB have been sounded out for funding infrastructure projects. More

Cap on foreign equity at 25%: Overseas bidders for SCI stake told to float SPV
FOREIGN bidders seeking to buy a controlling stake of 51 per cent in Shipping Corporation of India (SCI) will have to float a special purpose vehicle (SPV) incorporated in India which should be owned and majority-controlled by Indians. "This is ... More

Ranbaxy revisits ADR plans -- Mulls production unit in Brazil
PHARMA-major Ranbaxy Laboratories Ltd has not put to sleep its plans for an American Depository Receipts (ADR) issue. As a first step towards the ADR issue, the company expects to be US-GAAP compliant by the end of this year. Dr Brian Tempest, ... More

HPCL to enter Indonesia, Malaysia
EVEN as multinational oil companies prepare to invade the Indian market, Indian oil companies are seeking greener pastures abroad. After Indian Oil Corporation which unveiled plans to enter the Sri Lankan retail oil products market, Hindustan ... More

Investments up in most Sensex cos: FICCI survey
TOTAL investment volume of the top 30 Indian companies that constitute the 30-share BSE Sensitive Index has gone up by 32.44 per cent in 2001 compared to 2000, according to a survey conducted by the Federation of Indian Chambers of Commerce and ... More

`Fiscal sops if crude prices top $24 a barrel'
THE Finance Ministry has agreed to intervene in the oil sector with fiscal measures such as excise duty cuts on petro products if the international crude price crosses $24 per barrel. This was decided late last month when the Finance and ... More

Govt keen on trimming cost at major ports
A MAJOR cost reduction exercise has been initiated in all the 12 major ports in the country. The exercise would involve active participation from the port users and the chambers of commerce and industry. ``I will have a series of interactions ... More

Beginning of a new chapter
Dr A.P.J. Abdul Kalam, Presidential candidate, presenting a book to the Tamil Nadu Chief Minister, Ms Jayalalithaa, in Chennai when she called on him on Sunday. Ms Jayalalithaa later appealed to the Left parties to reconsider their decision to ... More