The Hindu Business Line : Tuesday, July 08, 2003

SEBI tightens trustee norms to protect debenture holders
FACED with increasing instances of debenture payment defaults, the Securities and Exchange Board of India (SEBI) has tightened the noose around debenture trustees in a bid to protect the interests of debenture holders. Besides prescribing ... More

Recast Maruti board to have Kumar Mangalam Birla
MARUTI Udyog Ltd (MUL) on Monday inducted Mr Kumar Mangalam Birla, Chairman, A.V. Birla Group, as an independent director on its board as part of a major recast that has come ahead of the listing of its shares on stock exchanges on July 9. ... More

Balco proposal to buy Chinese tech rejected
STERLITE-CONTROLLED Balco's Rs 5,000-crore expansion plan has taken a hit from the most unexpected quarter; the Ministry of Mines has rejected its proposal to purchase technology from Guiyang Aluminium (GAMI), a Chinese firm. The Government ... More

ONGC to invest Rs 1,800 cr on Mumbai High re-development
"We plan to invest another Rs 785 crore in Mumbai High North and roughly Rs 1027 crore in Mumbai High South," Mr Kharak Singh, Executive Director and Mumbai High Asset Manager said. More

Currency options get off to smooth start
TRADING in rupee options got off to a brisk start today with the forex market clocking transaction volumes of $200-$ 250 million. Today was the first day of trading after the RBI allowed options in rupee. Options help corporates to hedge their ... More

Panel favours leaner consolidated accounts
THE accounts of Indian companies may get a sleeker look. The Department of Company Affairs (DCA) is likely to propose that those companies that have subsidiaries and present a consolidated account need not attach the individual accounts of the ... More

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