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Package for UTI revamp finalised
THE Finance Ministry has finalised a package for the restructuring of the Unit Trust of India (UTI), including a firm commitment to the new sponsors to fulfil any obligations arising out of the assured return schemes of the mutual fund, floated ...
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Credit offtake picking up, says Janki Ballabh
THE current year (2002-03) has shown visible signs of pick-up in economic growth and some of the major industries have recorded positive growth in credit deployment, according to the State Bank of India Chairman, Mr Janki Ballabh. In his ...
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Link collapse: Bharti uses VSNL gateway
JUST weeks after launching its international long-distance services, Bharti Telesonic Ltd (BTSOL), the long-distance arm of the Bharti group, has had to divert a large part of its telephony traffic through the gateways of Videsh Sanchar Nigam Ltd ...
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Direct tax collections dip in July
THE Centre's direct tax collections slowed down in the month of July after clocking a 35 per cent growth in the first quarter of the current fiscal. The deceleration is being attributed to a perceptible decline in realisations from corporate tax ...
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Finance Ministry not for BPCL IPO before sell-off
THE Finance Ministry has opposed the Petroleum Ministry's move to launch an initial public offering (IPO) of Bharat Petroleum Corporation Ltd (BPCL) aggregating Rs 1,000 crore, prior to the planned disinvestment in the company. The Ministry of ...
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IRDA to lift ceiling on life policy riders
THE cap on the maximum permissible premium relating to riders on life insurance policy placed recently by the Insurance Regulatory and Development Authority (IRDA) is to be removed. Faced with severe opposition from life insurance companies, ...
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Ice-cream freebies rain in Gujarat
CUSTOMARILY, Gujarat and monsoons do not go hand-in-hand though the State is still chary of admitting that it is faced with a drought-like situation. But, the scant rains have not stopped the ice-cream majors from declaring the arrival of monsoon ...
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