The Hindu Business Line : Wednesday, February 12, 2003

Second round of steel debt package in offing
A SECOND round of debt restructuring involving around 33 steel companies and close to Rs 5,000 crore high-cost debts is in the offing following tremendous pressure exerted by the industry and sections of the Government on public sector lending ... More

BSNL to widen Net thru post-paid facility — Stand-alone service providers to feel the heat
TELECOM major Bharat Sanchar Nigam Ltd (BSNL) has decided to augment its bandwidth capacity from international gateways to the US, even while laying more emphasis on its post-paid dial-up scheme. The move could well sound the death knell for ... More

Now, no easy route to appoint directors' kin
RELATIVES of directors may no longer find it easy to secure an office or place of profit in a company. This is more so in the case of public limited companies where the selection of a relative of director would have to be approved by a `selection ... More

GE Shipping pulls out of SCI race
THE Great Eastern Shipping today said the company is no longer interested in bidding for Shipping Corporation of India (SCI). In a notice to stock exchanges, GE Shipping, believed to be a serious bidder for SCI, said the company has decided not ... More

First India MF on the block — Sahara emerges possible buyer
FIRST India Mutual Fund, promoted by Dr A.C. Muthiah, with equity participation from two overseas partners, has been put on the block. Sahara India has emerged as a possible buyer. While sources with the First India MF confirmed the ... More

BPCL sale: 15% domestic, 20% GDR offering mooted
THE Ministry of Disinvestment has mooted a proposal for the Government to sell 15 per cent of its stake in Bharat Petroleum Corporation Ltd (BPCL) in the domestic market and another 20 per cent in the international markets through the global ... More

ATM cards find flavour among cabbies
SANTHOSH, a taxi driver in Kochi, cannot imagine his days without ATM cards and plastic money. Gone are the days when he used to ferry people from city to city with his purse stuffed with currency notes for fuel and food. And Santhosh is not ... More

TRAI asks Reliance to explain `roaming'
THE Telecom Regulatory Authority of India (TRAI) has sought an explanation from Reliance Infocomm Ltd for offering its limited mobility customers "national roaming" facility even as the licence conditions bar it from doing so. This follows ... More

Pepsi stumped by Warnie's wrong `un?
THE World Cup has begun, but the corporate sponsorship issues associated with the event just do not seem to be coming to an end. Now, top Australian cricketer Shane Warne testing positive for consuming banned substances and his subsequent ... More