The Hindu Business Line : Tuesday, August 27, 2002

Govt may approach SEBI again on UTI
THE Finance Ministry is likely to approach the Securities and Exchange Board of India (SEBI), for a second time, to give its findings on the role of the initial sponsors of the Unit Trust of India in bridging the shortfall in the assured return ... More

IDBI in talks with UK insurance cos
INDUSTRIAL Development Bank of India (IDBI) is in talks with three UK-based insurance companies to select a partner for an insurance brokerage. One of the companies that the financial institution is negotiating with is the British giant, ... More

Anant Geete gets Power, Uma Bharati Coal
THE Vajpayee Government today effected a minor reshuffle, inducting a BJP leader from Madhya Pradesh, Mr Vikram Verma, into the Union Cabinet and elevating the Minister of State for Finance, Mr Anant Geete of Shiv Sena to Cabinet rank in the ... More

Anil Ambani inducted into IPCL board
MR Anil Ambani, Vice-Chairman and Managing Director, Reliance Industries Ltd, has joined the board of Indian Petrochemicals Corporation Ltd. Mr Ambani replaces Mr K.G. Ramanathan with effect from August 20. Mr Ramanathan, erstwhile Chairman and ... More

Clear phone dues, win a Maruti! — BSNL scheme to recover over Rs 4,000-cr arrears
BSNL decided on this strategy to recover its dues after all the existing measures seemed to be delivering little results. More

Mallya to head UB-S&N venture
UB Beer Ltd and Scottish & Newcastle Plc (S&N) are finalising a five-member board for their joint venture after signing a definitive agreement. UB and S&N will have two directors each, while Mr Ravi Jain, a strategic ally of the UB group, will ... More

UTI Bank to finalise foreign investor today
THE committee of directors of UTI Bank is meeting on Tuesday to finalise private placement of 12-15 per cent of its equity with a foreign investor. According to sources, Chrysalis Capital, is likely to pick up the equity in the bank. The exact ... More

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