Financial Daily from THE HINDU group of publications
Friday, June 28, 2002
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WorldCom scandal to hit Indian operations
AFTER the Enron episode which still continues to haunt Indian policy planners, the $3.8-billion (approximately Rs 18,240 crore) WorldCom accounting scandal unearthed in the US on Wednesday is likely to seriously impact the group's operations in ... More

Little progress in Ambani's condition
THE Sankaracharya of Kanchi, Jayendra Saraswati Swamigal, today visited Mr Dhirubhai Ambani, Chairman, Reliance Industries Ltd (RIL), at the Breach Candy Hospital here. The Kanchi seer blessed the ailing businessman whose condition remained ... More

Tata Teleservices to buy 50.83 pc in Hughes Tele
THE Tata group continues its acquisition spree in the telecom space, with its basic services company Tata Teleservices today announcing its decision to buy a controlling stake in Hughes Tele.com (India) Ltd, basic services operator in the ... More

Feelers to IOC on MRPL stake
INDIAN Oil Corporation (IOC) has been sounded out informally by the current management of Mangalore Refineries and Petrochemicals Ltd (MRPL) to consider the prospect of taking over management control of the 9-million tonne refinery. The ... More

RBI cuts repo rate to 5.75 pc
IN keeping with its bias towards a softer interest rate regime, the Reserve Bank of India today cut the repo rate by 25 basis points to 5.75 per cent. The RBI accepted a single bid of Rs 5 crore at 5.75 per cent, rejecting 22 bids of Rs 22,740 ... More

No cell talk at petrol bunks
THE Government has decided that cellular phones should be switched off at retail outlets selling petrol and diesel. The decision has been taken since cell phones represent a potential ignition source to the flammable vapours, which may be ... More

Wrong number for VSNL
VIDESH Sanchar Nigam Ltd, which has agreements with the troubled US telecom company WorldCom, could face payment difficulties. Officials close to the company said it was too early to say how much the damage could be, but they ventured to say it ... More


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Looking back
Jun. 16-Jun. 22
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