The Hindu Business Line : Saturday, February 15, 2003

7-member panel to sort out telecom disputes
THE warring factions of the telecom industry - private and basic service providers - have for once decided to join hands and sort out the various contentious issues that have cropped up over the last couple of years. A seven-member ... More

SEBI plans more powers to SEs to tackle erring cos
THE Securities and Exchange Board of India proposes to grant more powers to stock exchanges to take action against companies which are not complying with listing agreement including code of corporate governance. Mr G.N. Bajpai, SEBI Chairman, ... More

Simultaneous domestic, ADR offering in BPCL proposed
THE Inter-Ministerial Group (IMG) has decided to sell 20 per cent Government equity in Bharat Petroleum Corporation Ltd (BPCL) in the American markets through an American Depository Receipt (ADR). Simultaneously, a sale of 15 per cent has been ... More

RBI eases credit ceiling under EEFC accounts
THE Reserve Bank of India has lifted the ceiling on credit granted by exporters to their overseas buyers from their EEFC accounts. In a circular to authorised dealers, the RBI has said that this relaxation was being granted under the Exchange ... More

Essar Oil to sell drilling biz to Abu Dhabi group
ESSAR Oil Ltd has informed BSE that it has finalised the arrangements for the sale of energy division (drilling division) to Bin Jabr Group Ltd, an oil and gas service provider based in Abu Dhabi. The company is taking actions to conclude the ... More

Modi, Naik skip CII Petrominex meet
THERE seemed no signs of a thaw in the ongoing spat between the Gujarat Chief Minister, Mr Narendra Modi, and Confederation of Indian Industry (CII). The State's first international mining and petroleum exhibition became the latest venue for ... More

Fidelity hikes holding in Dr Reddy's
A LEADING foreign institutional investor - Fidelity Investment Trust - has acquired 80,000 shares of Dr Reddy's Laboratories, the Hyderabad-based drug major, thereby further consolidating its holding in the company. With the fresh ... More

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