The Hindu Business Line : Monday, May 05, 2003

Toyota to phase out Qualis — To launch latest global MPV brand as replacement
TOYOTA Kirloskar Motor Ltd has decided to phase out its flagship brand Qualis and replace it with a new multi-purpose vehicle, which will be launched globally during the later part of the year. Sources told Business Line that the new MPV ... More

`Clean note policy' violations — RBI warns 2 public sector banks
THE Reserve Bank of India has threatened to cancel the currency chests of two public sector banks if they fail to follow its directives on `clean note policy.' According to a senior RBI official, surprise inspections conducted by the RBI ... More

Light combat aircraft named `Tejas'— Foreign cos invited to take up aviation projects: PM
INTERNATIONAL partners are welcome in the country's aviation programme, especially in the design, development and co-production of civilian and military projects, the Prime Minister, Mr Atal Bihari Vajpayee, said here today. Speaking at the ... More

Indian Bank net zooms to Rs 188.8 crore
INDIAN Bank has reported a net profit of Rs 188.83 crore for the year ended 2002-03, against Rs 33.22 crore for the previous year - a nearly six-fold increase. The bank's operating profit also increased to Rs 590 crore, compared to Rs 307 ... More

New rates leave PCO users in lurch
THE inter-connection user charge (IUC) regime, in force since last week, has brought in its own share of confusion not just for the telephone subscribers but for those who don't own one too. While the subscribers are justifiably confused at the ... More

No income-tax sops for crorepati sportstars
SACHIN Tendulkar, Saurav Ganguly or Vishwanathan Anand may not be able to avail themselves of the proposed tax incentive for sportspersons announced by the Finance Minister, Mr Jaswant Singh, last week. For, Finance Ministry sources say that for ... More

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