The Hindu Business Line : Sunday, April 27, 2003

Unofficial stock market thrives, risk no matter
THERE is a sprawling unofficial market in equity in suburban Mumbai and in the neighbouring State of Gujarat, say sources within the stock broking community. The unofficial market called "Dabba" (box or bucket shops) in local parlance has ... More

Insipid show by India Inc so far
AN earnings growth of 25.2 per cent - this dips to about 15 per cent if Reliance's contribution is taken out - in the January-March 2003 quarter points to a drag on profitability compared to the preceding quarters. A growth rate of 15 per ... More

Burden of compensation has Centre changing VAT tack
SUDDENLY, the tide has changed directions. So far, it was the State Governments who were conjuring up all kinds of excuses for delaying implementation of the Value Added Tax (VAT) regime. But now it is the turn of the Centre to sound less ... More

Asim Dasgupta declines to react
DR Asim Dasgupta, West Bengal Finance Minister and Chairman of Empowered Committee of State Finance Ministers on VAT, on Saturday declined to react to the Union Finance Minister, Mr Jaswant Singh's statement on VAT in the Lok Sabha on Friday, ... More

Air India suspends 12 pilots as SARS stalemate continues
THE Air India management today decided to suspend 12 pilots and to take disciplinary action against 50 others, following the pilots' refusal to change their stance on flying to SARS-affected destinations. As of late evening today, the talks ... More

Stirs cost Air India dear
EVEN as the Indian Pilots Guild (IPG) continues with its agitation, affecting the services of Air India, specific data reveals that similar agitation by various groups connected with the Maharaja between January 1991 and March 1996 have cost the ... More

Petrol, diesel prices cut
PUBLIC sector oil companies have cut retail selling prices of petrol and diesel by a rupee per litre. This is to be effective from midnight of April 26, April 27. The revised retail selling price per litre of petrol in Delhi will be Rs 31.49 ... More

The one-up game — from cola to cars
IF you thought getting one-up on the other was restricted to Cola advertising only, think again! In probably a first in the domestic automobile industry, the Calcutta High Court has issued an ad interim injunction order restraining Hyundai Motor ... More

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