The Hindu Business Line : Sunday, August 04, 2002

Capital trouble: A tale of two banks
CENTURION Bank and IDBI Bank need the same thing - additional capital. While Centurion is wheezing for breath, IDBI Bank has never been in better shape than now. However, both the banks are not able to lay their hands on some hard cash albeit ... More

Agro-chem sector nervous over dry spell
THE prolonged dry spell has cast a pall of gloom over the agro chemicals business. Major manufacturers fear a sharp drop in their sales in the second quarter if the South-West monsoon fails to arrive beyond mid-August. Leading producers such as ... More

Power officials agree on penalty for excess drawal
A MEETING of high-level power sector officials, including the chairmen of electricity boards from four western States — Maharastra, Gujarat, Madhya Pradesh and Chhattisgarh — has decided to implement the already existing penalty of Rs ... More

Forex reserves rise $261 m to touch $59.87 billion
FOREX reserves of the country are poised to cross the $60-billion mark soon, having risen by $261 million for the week ended July 26, 2002 to touch $59.867 billion, according to the Weekly Statistical Supplement (W.S.S) of the Reserve Bank of ... More

Gujarat pays through the nose for private power
WHEN the Hong Kong-based CLP Power International (CLP-PI) took possession of 80 per cent equity in the 655-MW Gujarat Powergen Energy Corporation (GPEC) project in Paguthan for a consideration of some Rs 2,000 crore in December 2000, it was ... More

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