The Hindu Business Line : Tuesday, February 04, 2003

Plan to stock 45 days crude — Estimated cost put at Rs 4,350 crore
AGAINST the backdrop of war clouds looming large over the West Asian skies, the Government today revived a four-year-old proposal to build and maintain strategic reserves for crude oil. "The Government has decided to conduct a study to ... More

Moody's upgrades India's foreign currency debt rating
INTERNATIONAL rating agency Moody's has upgraded India's foreign currency debt rating. This is expected to enable Indian borrowers to raise funds at finer rates abroad. The principal reason for the upgrade is the improvement in India's foreign ... More

Phone surrender sets off alarm bells at BSNL
EVEN as competition in the telecom sector is hotting up, the largest basic service operator Bharat Sanchar Nigam Ltd (BSNL), which has a near monopoly across the country, is faced with a strange predicament. Its subscriber base is shrinking at a ... More

Alliance to stay put — Samir Arora to remain head
ALLIANCE Capital, the US-based mutual fund major, today put to rest months of speculation on the sell-off of its mutual fund, Alliance Capital (India), by reinstating its commitment to its Indian operations. The fund, in a press release, said ... More

FIIs, NRIs, OCBs may take part in Maruti IPO
FOREIGN Institutional Investors, Non-Resident Indians and Overseas Corporate Bodies may be allowed to take part in the initial public offering (IPO) for car-maker Maruti Udyog Ltd (MUL). "The Disinvestment Ministry has sought permission from ... More

Naik resurrects reserve plan
THE Petroleum Minister, Mr Ram Naik, today converted an adversity into opportunity. Faced with Mr Jaswant Singh's lament that the upstream exploration business was facing a `barrier reef' of 47 hurdles, euphemistically called clearances - ... More

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