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Monday, July 01, 2002

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April-June M-cap declines 5.83 pc — Finance, auto stocks buck the trend
THE first quarter of the current financial year seems to have been rather dull for the capital market as a whole. While the total market capitalisation of the market barometer 30-share BSE Sensex went down by Rs 16,195.78 crore from Rs ... More

Overseas proceeds for PSU acquisitions to be allowed
Indian companies will be permitted to utilise the proceeds of ECBs and GDRs and ADRs for funding the acquisition of shares disinvested by the Government in a state-owned company. More

CNBC India keeps options open on deal with Sony
CNBC India has kept the option of continuing with its distribution alliance with Sony Entertainment Television (SET) open. The channel's distribution deal with SET comes to an end next year. Mr Haresh Chawla, CEO, CNBC India said, "We will have ... More

Retrospective tax breaks for superannuation funds
CORPORATES operating `approved' superannuation funds are set to qualify for income-tax breaks with retrospective effect from October 2000. The move is expected to benefit private players in the domestic insurance industry. Senior officials said ... More

Ambani's condition still critical
MUMBAI: The Chief Minister of Gujarat, Mr Narendra Modi, Mr Ketan Parekh, and Mr Ashok Singhal of the Vishwa Hindu Parishad on Sunday visited the ailing Chairman of Reliance Industries, Mr Dhirubhai Ambani. There was no change in Mr ... More

Ex-Beatle strikes jarring note for Big Mac
THE Big Mac is now facing flak from ex-Beatle, Sir Paul McCartney, who "took time out'' from his honeymoon to write to McDonald's top 100 shareholders urging them to pressure the fast-food chain to extend its "US farmed animal welfare standards ... More


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