The Hindu Business Line : Monday, January 20, 2003

Debenture issues to public — Housing finance cos told to create redemption reserve
HOUSING finance companies (HFCs) registered with the National Housing Bank (NHB) and raising money from public through debentures would now have to create reserves for redemption of such debentures. The Department of Company Affairs (DCA) has ... More

OVERSEAS INVESTMENTS

Ventures in SAARC countries — RBI doubles direct investment limit
FACED with burgeoning foreign exchange reserves, the Reserve Bank of India has doubled the limit of "financial commitment" that an Indian company or a body created under the Act of Parliament can make in a financial year in respect of its ... More

INTERVIEW

`Our twin goals are link, frequency' — Mr Uttam Kumar Bose, CEO of Air Sahara
"This year we have two goals - connectivity and frequency. We have already doubled our fleet in 18 months. We are planning to double it further." More

BONUS ANNOUNCEMENTS

Gujarat NRE Coke to pay 1:2 bonus, 10 pc dividend
ENCOURAGED by the buoyant financial results for the year ended September 2002, the board of Gujarat NRE Coke Ltd (GNCL) has declared a bonus of one share against every two ordinary shares held and a 10 per cent dividend. The company had earlier ... More

OUTLOOK

Sify losses not to weigh down Satyam Computer
SATYAM Computer Services Ltd, which has been carrying the consolidated figures of its largest subsidiary — Sify on its balance sheet, will no longer have to reflect this following divestment of its equity stake to Soft Bank Investment Fund ... More

Wipro health unit hopes turnaround in next quarters
WIPRO HealthSciences, the healthcare and life sciences unit of vanaspati-to-software maker Wipro Ltd, expects to report profit in the "next two quarters", the Chief Financial Officer, Mr Suresh C. Senapaty, told analysts. The unit reported a loss ... More

Tata Engg sees higher sales in CV segment
SALES of commercial vehicles manufactured by Tata Engineering and Locomotive Company Ltd (Tata Engineering) are expected to grow by 20-22 per cent during the year ending March 31, 2003. Revenue from sales of commercial vehicles is also expected ... More

Indo Rama sees rise in demand for polyester
A SUSTAINED increase in housing activity in the economy over the last six months and a general growth in non-apparel applications have been important reasons for the recent vibrancy in domestic demand of polyester, according to Mr O.P. Lohia, ... More

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Pick a Winner Stock Market Contest

Top Stories
Field trials for GM chickpea by 2004

Tata Engg sees higher sales in CV segment

`We can emerge as base for hardware outsourcing' — Govt must support product design, development, says MAIT chief

Forex inflows add to RBI woes

Commodity prices up; upturn unlikely

In Focus
Stock scam unravelling

Petrol pump controversy

Kelkar Report

Reliance & Telecom Competition