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Monday, August 12, 2002

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States seek moratorium on loan repayments
FACED with the worst-ever drought in the last 15 years and a decline in revenue realisation, States have sought a moratorium on the repayment of loans given by the Centre in the short-term. A moratorium on the principal for two to three years ... More

Rethink on UTI, IFCI,IDBI privatisation — Govt to exit only after revival
The new strategy which is being thought of could imply that the Government may infuse some more funds for these institutions to help stage a revival. More

DCA calls for Ferguson report from Tata Fin
THE Department of Company (DCA) has asked Tata Finance Ltd (TFL) to submit the controversial A F Ferguson audit report on the company, along with the related correspondence on the issue between the auditing company and TFL. The department, ... More

Ministry to seek nod for BPCL Bina stake hike
THE Ministry of Petroleum and Natural Gas is planning to seek Cabinet nod for raising Bharat Petroleum Corporation Ltd's equity in the 6-million tonne Bina refinery from 26 per cent to 50 per cent. The rest of the equity is to be garnered from ... More

IRDA moots Rs 3-cr net worth floor for brokers
WHILE proposing to restrict foreign holding in broking entities to 26 per cent, the Insurance Regulatory and Development Authority (IRDA) has suggested that composite insurance brokers carrying on both insurance and reinsurance broking should ... More

IPCL: They strike it rich with land sale
THEY are not quite in the same league as the Unit Trust of India (UTI) whose US-64 holds some 1.85 crore shares of Indian Petrochemicals Corporation Ltd (IPCL). They are 400-odd erstwhile landowners of six villages in Bharuch district who were ... More

Goodyear not to roll out tyres for Ceat
GOODYEAR India Ltd (GIL) will soon fully discontinue manufacture of tyres for Ceat Ltd under the brand names of the latter company. "Even after Ceat exited from South Asia Tyres Ltd (SATL), we had been making tyres for them at our facilities ... More

Bhartias hike stake in Jubilant Organosys
THE promoters of Jubilant Group, the Bhartias, have further increased their stake in the flagship company, Jubilant Organosys Ltd by 3.3 per cent during the period July 2001 - June 2002 through the creeping acquisition route. As on June 30, ... More


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