The Hindu Business Line : Wednesday, July 31, 2002

Sultans of India Inc
IT pays to head a successful company. Literally. At the top of the list of the highest paid corporate chieftains in India are the heads of two of the most successful companies in 2001-02 — Dr Reddy's Labs and Hero Honda. Dr Anji Reddy, ... More

Steel majors top NPA list of UTI
MAJOR steel companies account for a bulk of the gross non-performing assets (NPAs) of the Unit Trust of India (UTI), which was Rs 6,624.37 crore at the end of March 31, 2002. The troubled financial institution, IFCI, is also in the list of ... More

SBI net up 32% at Rs 763.2 cr in Q1
STATE Bank of India (SBI) has posted a net profit of Rs 763.20 crore for the quarter ended June 30, 2002, a 31.64 per cent increase over the Rs 579.78 crore net during the corresponding period in the previous year. Operating profit rose to Rs ... More

Rs 500-cr bail-out for UTI in first supplementary
THE Government on Tuesday provided a Rs 500-crore bail-out for the Unit Trust of India (UTI) to enable the country's largest mutual fund meet the shortfall between the assured repurchase price and net asset value (NAV) of the US-64 scheme. The ... More

100 pc Govt-owned AMC proposed
THE Government is considering setting up a fully owned Asset Management Company (AMC) to which the equity of all State-owned companies will be transferred. The proposal to set up the 100 per cent AMC, which will hold the Government equity in ... More

Bottoms fall off for shipping cos
A CHOPPY freight market has taken the wind out of the sails of shipping companies with the bottomlines of the top three Indian liners hitting deep troughs. The largest shipping line of the country, Shipping Corporation of India, which owns ... More

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