The Hindu Business Line : Thursday, August 14, 2003

UTI chief moots IPO
UNIT Trust of India may soon become the first public-owned asset manager in the country. UTI Asset Management Company (P) Ltd or UTI AMC could go for a public issue of equity should any or all of its sponsors wish to exit, Mr M. Damodaran, ... More

Govt fine-tunes Banking Act — Banks to be allowed to issue pref shares
IN a major fine-tuning of the Banking Regulation Act, the Government on Wednesday introduced a Bill in the Lok Sabha that seeks to stipulate minimum capital requirements for all banking segments, besides laying down procedures for merger of ... More

ONGC staff stay away from work
ALTHOUGH most office staff of ONGC in Mumbai stayed away from work on Wednesday, oil and gas production at the offshore and work at offices across the country remained unhampered in spite of a call for "direct action" by some ONGC unions. A ... More

Chinks surface in ONGC union ranks
ONGC's largest union - Association of Scientific and Technical Officers (ASTO) - today seemed to distance itself from the anti-management stir in Mumbai. Mr Sridhar Vyas, ASTO's all-India President, told Business Line it was wrong ... More

Failure to return old equipment — Battery makers to turn heat on dealers
BATTERY manufacturers have decided to hit their dealers where it will hurt them the most. Worried over the dealers' act of continuously ignoring their plea to recollect old batteries, the manufacturers have now decided not to pay them the ... More