The Hindu Business Line : Friday, October 17, 2003

Reliance to buy FLAG Telecom for $207 m
RELIANCE Infocomm has announced its plan to acquire FLAG Telecom, an international provider of wholesale telecom network transport and communications, for an aggregate amount of $207 million (around Rs 1,000 crore). The Agreement and Plan of ... More

Reliance Q2 net up 26 pc at Rs 1,263 crore
HIGHER revenues from its petrochemical and refining businesses have led to a 26 per cent increase in the net profit of Reliance Industries Ltd at Rs 1,263 crore for the second quarter ended September 30, 2003, as against Rs 1,002 crore in the ... More

Herbertsons: Mallya raises open offer price to Rs 215
THE UB group Chairman, Mr Vijay Mallya, has upped the offer price to the shareholders of Herbertsons to Rs 215 per share in his bid to retain control over the country's third largest spirits company. Mr Mallya's offer is a counter to his rival, ... More

Repay 25 pc to ICICI Bank by Oct 21, DRT tells Mardia Chemicals
THE Debt Recovery Tribunal of Mumbai has issued an order to Mardia Chemicals to pay up 25 per cent of the outstanding amount to ICICI Bank by October 21, 2003. This works out to roughly Rs 98 crore. Only after this amount is paid to ICICI ... More

VRS, the cutting edge tool of India Inc
NEARLY 90,000 jobs in 30 companies have been lost to technology, globalisation, disinvestment, mergers or acquisitions in the last 3-5 years, . This came to light in a Business Line study of the VRS experiment of the top 30 companies in ... More

Moody's may upgrade foreign currency debt rating
INTERNATIONAL rating agency Moody's Investors Service today said it might upgrade India's foreign currency debt rating in view of the country's strong external position. However, the agency has affirmed its negative outlook on India's domestic ... More

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