The Hindu Business Line : Friday, June 28, 2002

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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Tata Steel inks pact with TN for titanium dioxide project

Domex vows to wipe out germs, phenyl

Reinvested earnings may come under FDI tag

Sodexho getting fat with corporates' voucher-culture

Canara Bank plans IPO in Q3

EU moves WTO to protect basmati, Darjeeling tea

In Depth
Gender Justice

Simple Economics

Guide to derivatives

Looking back
Jun. 16-Jun. 22
Infrastructure projects: Talks soon with ADB, World Bank for $2-b loan

Govt keen on trimming cost at major ports

No changes in EPFO structure proposed -- Pension panel meet on June 24

Export growth rate set at 12 per cent

Pick-up in non-food credit — Economy on revival path?

ING offers Rs 341 cr to hike Vysya stake to 44% — Deal with GMR at 98 pc over market price