Fresh offer on Herbertsons dispute Mallya may give BDA back to Kishore
THE UB group Chairman, Mr Vijay Mallya, is making a fresh bid to settle the long-running dispute with Mr Kishore Chhabria for control over Herbertsons Ltd. For the first time, Mr Mallya has expressed his willingness to offer an exit option to ...
The merry-go-round in recoveries continues
"WHAT this new measure has done is to bring the defaulters to the negotiating table". The new measure being talked of here is the Securitisation Ordinance, which is on the throes of becoming a law. And the quote is from the Chairman and ...
Bid to stop rejection Show-cause to 12 seafood exporters
THE Marine Products Export Development Authority (MPEDA) has issued show-cause notices to 12 merchant exporters in a bid to arrest rejections of seafood consignments (due to chemical residue detection) from the country. Sources said 4-5 of ...
FIPB rejection trips Tata Tele-HNS Inc share arrangement
THE Foreign Investment Promotion Board (FIPB) has rejected Tata TeleServices Ltd's (TTL) proposal to issue redeemable preference shares (RPS) and warrants against receivables to Mauritius-based HNS Inc. The RPS and warrants together amounted to ...
Two voices, two moods
THE contrasting perceptions within the Government on the disinvestment programme were evident on Friday, with the Finance Minister, Mr Jaswant Singh, voicing the Government's resolve to carry it out while the Disinvestment Minister, Mr Arun ...
The art of cleaning - - and making money
IT took an article in the vernacular Ananda Bazar Patrika and a vacuum cleaner lying idle at home to ignite the mind of an enterprising, college-going youngster. What started as an innovative way of generating some additional pocket ...
No distress sale of SCI, says Goyal
THE Union Shipping Minister, Mr Ved Prakash Goyal, has said the Government will not dump Shipping Corporation of India, ruling out distress sale of the company's shares. Responding to reports on the decision of Great Eastern Shipping Company, ...
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