The Hindu Business Line : Wednesday, July 09, 2003

Mid-cap stock price swings come under SEBI scanner
THE Securities and Exchange Board of India has started looking into the unusual movement in the prices of some mid-cap stocks, and investments by FIIs in these scrips over the last two months. The Chairman of SEBI, Mr G.N. Bajpai, said the ... More

Govt denies sops to Arvind Mills venture with Mauritius co
THE Union Government has denied tax concessions applicable under the Indo-Mauritius Double Tax Avoidance Agreement to the proposed joint venture between the Lalbhai group flagship Arvind Mills and Ganesha Ltd, a Mauritius-based overseas corporate ... More

Wockhardt buys CP Pharma for Rs 82 cr
DOMESTIC pharma company, Wockhardt Ltd, on Tuesday announced acquisition of the UK-based CP Pharmaceuticals Ltd, for a total consideration of £10.85 million (Rs 82.46 crore). With this acquisition, Wockhardt 's turnover will cross Rs 1,100-crore ... More

PF defaulters face blacklisting
THE Union Labour Ministry on Tuesday launched a major offensive against all companies that have defaulted in paying their provident fund dues as part of its `Compliance 2004' programme. According to the Ministry's plans, all provident fund ... More

Panel studying bank equity pricing issue
THE issue of imposing a market-determined pricing for public sector banks seeking to return equity would be taken up during the monsoon session of Parliament. Speaking to newspersons on Tuesday after a meeting with top bankers and insurers, the ... More

Who will win the rice race, India or Vietnam?
AFTER having surrendered its number two position in rice exports to India last year, Vietnam is desperately trying to snatch it again. But factors such as logistics and an anticipated rise in demand could make things difficult for it. On the ... More

Logica to move Bristol jobs to Bangalore — Plans more investment, hirings
EUROPE'S second largest software services firm LogicaCMG plans to move some of its mobile payments unit operations to Bangalore from Bristol. Top company sources admitted to such a job transfer. LogicaCMG could add close to 1,500 engineers in ... More

Maruti shares to be listed today
SHARES of car maker Maruti Udyog Ltd (MUL) will be listed on BSE and NSE from Wednesday. The trading in futures and options of MUL will also begin from tomorrow on both the exchanges. Last month, the Government had made an offer for sale of ... More

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