The Hindu Business Line : Tuesday, June 03, 2003

PSU bank stocks hammered
STOCKS of state-run banks fell out of favour of otherwise ebullient stock traders who took the 30-share benchmark index of the Bombay Stock Exchange, the Sensex, past the psychological 3,200-mark today. However, most of the banks had pared early ... More

Return of capital: Formula may be reworked
THERE might be a further interesting twist to the public sector banks return of capital saga. Though the Government had recently hinted that it would demand its fair share in the proposed capital return deals, the transactions might not be ... More

Govt to prepay $1.6-b worth bilateral loans
AFTER prematurely retiring high-cost foreign currency loans aggregating around $3 billion from the World Bank and the Asian Development Bank (ADB) in late-February, the Government is now planning to undertake similar prepayment of bilateral debt ... More

EPFO plans to set up recovery cell
THE Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation (EPFO) is planning to set up a separate Directorate of Recovery for provident fund arrears on the lines of the Directorate of Recovery functioning in the income-tax ... More

Family businesses stick to core strengths
FOR family businesses and independent business owners if it is not a season for consolidation, it must be one of venturing into allied businesses where every muscle in the organisation's belly can be leveraged to climb the growth ladder. And ... More

Some closely-held cos may get waiver on audit panel
IN what may turn out to be a breather for certain categories of closely held public companies, the Centre is mulling a proposal that would exempt such companies from setting up an audit committee even though their paid-up capital exceeds Rs 5 ... More

Dabur set to brew tea with Lanka's Dilmah
SOME months after Dabur Foods' distribution alliance with Kraft Foods came to an end with the latter deciding to pull out of the domestic market, the wholly-owned subsidiary of Dabur India is set to ink another distribution tie-up, and this time ... More

CAS may blur picture for second TV set sales
WHILE confusion about the Conditional Access System (CAS) continues, television manufacturers seem fairly certain that the rollout in the metros will impact on TV sales, particularly of second TV sets and replacements sets. Together, they make up ... More

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