No time-frame set for BPCL, HPCL sell-off
THE Government will sell its shares in Bharat Petroleum Corporation Ltd (BPCL) through the public offer route while Hindustan Petroleum Corporation Ltd (HPCL) would be privatised through a strategic sale, the Union Minister of Disinvestment, Mr ...
Bharti Tele to merge 3 cos
BHARTI TeleVentures Ltd has decided to merge its fixed line, long-distance, broadband and VSAT companies into a single entity called Bharti Infotel Ltd to achieve business synergies through consolidation. Currently, the company offers fixed ...
Sensex falls 37
UNCERTAINTY over the timing of disinvestment of the PSUs, HPCL and BPCL, dampened the sentiment in stocks today. The 30-share benchmark sensitive index of the BSE, Sensex, closed lower by 36 points at 3,269.31 after some volatility in the last ...
UB in talks for major stake in Roy's Triumph
THE UB Group is in talks to acquire a majority stake in Triumph Distilleries & Vintners Ltd, which recently took over Guinness UDV's Indian Made Foreign Liquor (IMFL) business. Industry veteran Mr Deepak Roy holds 15 per cent stake in Triumph. ...
Sardas lose battle for BSL
THE Sardas' attempt to acquire a 30 per cent equity stake in the textile company, BSL Ltd, through an open offer has failed Merchant banking sources said that the response to the Sardas' offer was poor. They were able to mop up less than 19 per ...
Solly dear, this time it's really for the biggies
HERE'S one brand that's trying to make the most of obesity and even celebrating it, without nasty cracks and ominous warnings of its dire consequences. Allen Solly, the workwear brand from Madura Garments, is all set to launch `The Big ...
Dr Morepen's MD Kartik Raina quits?
DR Morepen's Managing Director, Mr Kartik Raina, is said to have put in his papers. Mr Raina had joined the fledgling `fast-moving health goods' (FMHG) company, Dr Morepen, in October 2001. Having seen some high-profile acquisitions like Burnol ...
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