The Hindu Business Line : Sunday, August 25, 2002

IPCL open offer — Will UTI strike it rich?
UNIT Trust of India (UTI), which is understood to have proffered its nearly 10 per cent holding in IPCL in the mandatory open offer by Reliance Industries, would generate about Rs 250 crore even if half the stake gets sold. The IPCL sale alone ... More

Cabinet defers decision on petrol pump ordinance
THE Cabinet today deferred decision on promulgation of an ordinance for cancellation of allotment of around 3,600 petrol pump, LPG gas agencies and kerosene dealership made after January 1, 2000, according to an official spokesperson. The ... More

Drought impact yet to be felt, says CBEC chief
THE existing drought conditions in several parts of the country is yet to show its impact on indirect tax collections, according to Mr M.K. Zutshi, Chairman, Central Board of Excise & Customs (CBEC). "It's too early to make a judgement on ... More

IndusInd spots 70 defaulters
INDUSIND Bank said it has identified 70 defaulting borrowers and issued 45 notices under the provisions of the new Securitisation and Reconstruction of Financial Assets and Enforcement of Security Ordinance 2002. In chronic cases of wilful ... More

Forex reserves rise $609 m to touch $60.63 b
THE country's forex reserves have surged by $609 million to touch $60.639 billion, for the week ended August 16, as compared to $60.030 billion in the previous week, as per figures released by the RBI. Forex dealers ascribe the rise in ... More

Border skirmishes in Drass since May
SIXTEEN Indian military personnel - seven soldiers and nine high-altitude porters working for the Army - have been killed in intense skirmishes in the Kargil sector since May. The bitter fighting provides context to the Pakistan military ... More

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