The Hindu Business Line : Wednesday, February 26, 2003

MTNL may pick 34 pc stake in RailTel
AFTER a series of false starts, the Indian Railways has finally managed to rope in Mahanagar Telephone Nigam Ltd (MTNL) as a joint venture partner in RailTel Corporation of India Ltd (RailTel) - a company set up to offer telecom bandwidth vide ... More

General Motors to spend $60 m in Bangalore unit
GM will spend over Rs 600 crore over the next one year in its production facility near Baroda. More

Reliance Info to offer handsets over the counter
RELIANCE Infocomm Ltd is going to offer its "fully provisioned CDMA handsets" over the counter, following feedback that the wait for handsets is deterring customers from subscribing to its service. It is also planning to open company-owned ... More

Reliance Capital financing mobile connections
RELIANCE Capital, the non-banking finance company of the Reliance group, is financing Reliance IndiaMobile connections. Confirming that Reliance Capital is financing its mobile customer acquisitions, a Reliance Infocomm official said Reliance ... More

Can Coke meet FIPB deadline?
CAN Coca-Cola India go ahead with its plans of divesting 49 per cent stake in its downstream bottling subsidiary Hindustan Coca-Cola Holdings Pvt Ltd (HCCHPL) within the stipulated deadline of February 28, despite not yet being given permission ... More

The Indian Chinese wants to invest ... and MFs are keen on showing how
SCENARIO I: Mr Dennis Chen, a third-generation Chinese living in India, wants to look at non-traditional ways of investing his money, made from businesses as diverse as leather and restaurants. Scenario II: A well-attired representative of a ... More

Delhi police arrest Pendse
THE Delhi Police today arrested the former Managing Director of Tata Finance Ltd (TFL), Mr D.S. Pendse, here for his alleged involvement in "misappropriation" of at least Rs 2 crore of the company's funds. The Delhi High Court rejected Mr ... More

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