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RBI cheers up Govt with Rs 10,300-cr dividend
FOR a third consecutive year, the Reserve Bank of India has pitched in a big way to help the Centre tide over its cash flow problems. The RBI, which is the Government's debt manager, has decided to transfer close to Rs 10,300 crore as dividend ...
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UTI chief's extension cut
THE change of guard at the Finance Ministry this month has already had an impact on top appointments in the financial sector. The Chairman of Unit Trust of India (UTI), Mr M. Damodaran, who was in line for a two-year extension to his tenure ...
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Guarantee devolvement looms over State finances
STATE Governments, even the so-called rich States, appear to be heading towards disaster as the Rs 1,24,800-crore (as in year 2000) guarantees given by them begin devolving in a couple of years' time. Increasing defaults on State-guaranteed ...
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Ranbaxy's Q2 net spurts 190 pc — 3:5 bonus issue announced
PHARMA major Ranbaxy Laboratories Ltd (RLL) has posted a net profit of Rs 138.4 crore for the second quarter ended June 30, 2002. This was up 190 per cent over the previous year's net profit of Rs 47.8 crore, the company announced here on ...
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Another lean year stares at tourism sector
INDIA seems to be off the tourism map yet again. If the fears of the hospitality industry and the inbound tour operators are justified, then the tourism sector seems to be in for another lean year. Industry sources said the major tour operators ...
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STD rate cuts dent BSNL, VSNL revenues
THE drastic cuts in STD tariffs in force since mid-January has had a telling impact on telecom majors Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), with call revenues in the last quarter of fiscal 2001-02 ...
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Rs 1.1-cr cash unearthed in Xerox raids
THE Income-Tax Department has claimed to have recovered Rs 1.1 crore in unaccounted cash during raids on Xerox Modicorp, besides unaccounted investments in shares and fixed deposits worth nearly Rs 1 crore. According to official sources, while ...
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Zee posts 31 pc rise in Q1 net profit
ZEE Telefilms Ltd (ZTL) has reported a 31 per cent increase in its net profit at Rs 47.67 crore for the first quarter of 2002-2003 from Rs 36.38 crore in the year-ago period. Total revenue stood at Rs 248.80 crore against Rs 233.51 crore. ...
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Kalam elected President
Dr A.P.J. Abdul Kalam, signing autographs in the Capital on Thursday after being elected President of India.
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