The Hindu Business Line : Monday, August 11, 2003

Banks to review housing loan plans
CUT-THROAT competition in the housing finance sector is forcing many banks, particularly those in the public sector, to review their retail strategies. In their frenzy to capture larger market share, banks have been trying to outdo each other ... More

SEBI order a `positive signal for mutual funds'
WHILE the SEBI order debarring Mr Samir Arora, former fund manager of Alliance Capital Mutual Fund, from the capital market is expected to put redemption pressure on the mutual fund and a correction in the equity prices in the short-term, the ... More

Madura Coats plans capital reduction — To repay public shareholders
WHAT do you do when you are a multinational company in India that wants to go private but is faced with some stubborn shareholders who refuse to part with their holdings even after the stock has been delisted? Simple, just go in for a capital ... More

Gas supply: Tatas, ONGC close to deal
ONGC Ltd and Tata Power are close to signing a deal to supply 2.5 million cubic metres per day of natural gas. The gas will be supplied from ONGC's marginal fields in the western offshore to TPC's Trombay thermal power generating unit. The two ... More

Chemical residue issue haunts fabric exporters
OF late, the cotton fabric producers in the country are being pressured by the overseas buying firms to ensure that their fabrics are free from chemical residues, including the presence of pesticides. The growing incidents of such demands have ... More

SBI takes a small step towards equity trading
STATE Bank of India, the giant of Indian commercial banking, has taken a tiny step into equities trading. A couple of months ago, SBI started actively trading in the secondary market for equity shares in Indian companies. Mr A.K. Purwar, Chairman ... More