The Hindu Business Line : Thursday, May 08, 2003

No insurance sticker? Sorry, no petrol
VEHICLE owners may soon have to paste a new sticker on their windscreen without which running the engine could become impossible. This would be no wonder sticker but a normal one to be issued by the insurance companies providing details of the ... More

Grasim's offer for L&T shareholders opens — SEBI still probing Reliance deal
WHY is SEBI unable to disclose details of its investigations into whether Gujarat Ambuja had any control in ACC, or Grasim in L&T? "Investigation reports are not made public unless sought by a court. This is the international practice," says ... More

2 FIIs pick up stake in Polaris
TWO new foreign institutional investors, Merrill Lynch Capital Markets Espana SA SVB and HSBC Global Investment Funds A/c HSBC Global Invest, have picked up 1.94 per cent and 1.06 per cent stake respectively in the Chennai-based Polaris Software ... More

Lazard working on funding options for GTB
LAZARD India, the consultancy firm appointed by Global Trust Bank (GTB), have commenced work on the `funding options' for the bank for which they received a mandate from GTB, according to information available here. The key branches of GTB ... More

HDFC yearly net profit up 19 pc
HOUSING Development Finance Corporation has announced a dividend of Rs 11 per share for the year ended March 31, 2003. This is on the enhanced paid-up capital of the company following the issue of bonus shares in the ratio 1:1 in December ... More

MRF mulls Rs 200-cr testing track
MRF Ltd is looking at setting up a Rs 200-crore testing track near Chennai, according to reliable sources. The company is believed to have approached the Government to help it acquire the land required for setting up this facility. The facility ... More

Airlines offer 5 pc cut in cargo rates
A SUDDEN drop in cargo volumes has forced the airlines to drop their rates by around five per cent. According to industry sources, after the backlog created by the transport strike was cleared, the number of air cargo consignments has come ... More

Bank Muscat to invest Rs 75 cr in Centurion
BANK Muscat S.A.O.G today confirmed the investment of Rs 75 crore into the cash-starved Centurion Bank Ltd. "The investment in Centurion Bank confirms our long-term commitment to India. We see substantial opportunities in promoting investment ... More

Lok Sabha passes fiscal responsibility Bill — Revenue deficit to be eliminated by 2007-08
THE Lok Sabha today passed the Fiscal Responsibility and Management Bill that seeks to put a legislative mandate on the Government to eliminate revenue deficit by 2007-08 and to subsequently build a revenue surplus. The Bill was passed by a voice ... More

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