The Hindu Business Line : Tuesday, October 08, 2002

JK board clears recast, Vikrant merger ratio
THE board of JK Industries Ltd (JKI) today gave its nod for a proposal to de-merge the existing sugar and agri-genetics businesses into two separate companies. The board also gave its approval for a 2:5 equity share-swap ratio for merging its ... More

Ministry firm on States' debt swap formula
THE Finance Ministry has decided not to recommend any changes in the original debt-swap formula of allowing States to retire high-cost debt of around Rs 1,00,000 crore over the next four years. The decision has been taken after consulting the ... More

PSU stocks zoom on PM's backing
PSU stocks rose sharply today following the Prime Minister, Mr Atal Bihari Vajpayee's statement on Saturday supporting the ongoing economic reforms, reviving hopes that the stalled privatisation will now move forward. The spurt in PSU stocks, ... More

Draft prospectus filed for US-02
Even though US-02 is positioned as a balanced fund with investment objectives clearly detailed, due to the complexity in splitting the assets in US-64, the fund initially may not strictly adhere to the objectives. More

Ice-cream MNCs' plans melt in India
GULP this. Global ice cream majors came in here riding high on confidence; they can draw only cold comfort from their operations. Whether it is US ice-cream brands - - Baskin Robbins which has shut down several outlets and Blue Bunny which ... More

Revenue Secretary seeks transfer
THE Government will appoint a new Revenue Secretary shortly. The present incumbent, Mr Ajai Vikram Singh, has sought a transfer to a lighter assignment on health grounds. Mr Singh, an IAS officer from Uttaranchal, was appointed as Revenue ... More

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