The Hindu Business Line : Thursday, December 04, 2003

Gartner sees 50 pc of vendors knocked out — Outsourcing to accelerate; India main gainer
THERE is some bad news for the information technology industry and for its employees. The research firm, Gartner, says vendor consolidation and accelerated job losses will last through 2005, with as many as 50 per cent of technology suppliers ... More

No change in pricing for UTI Bank share — HSBC open offer from today
HSBC has said that its open offer to UTI Bank shareholders would commence from Thursday. Despite the upward swing in UTI Bank's share price during the day on the news of the stake sale, HSBC said that it had no plans to alter the offer price of ... More

UTI Bank staff taken by surprise
EMPLOYEES of UTI Bank were caught unawares when TV channels flashed the deal of HSBC buying 20 per cent in the private bank. "We had no inklingof such a thing. We had at best expected the exit of UTI at a later point in time," said a ... More

Maruti plans diesel engine plant
MARUTI Udyog Ltd (MUL) is mulling the possibility of setting up a diesel engine assembly plant near its automobile manufacturing facilities at Gurgaon, near Delhi. This could mark a distinct shift in the company's strategy regarding diesel ... More

BPL Mobile to buy out AT&T in cellular venture
BPL Mobile, the holding company for BPL's cellular operations in the country, has announced that it is buying out AT&T's 49 per cent stake in BPL Mobile Cellular Ltd. Company officials, however, declined to disclose the cost of this ... More

Landline surrenders touch 2 m — No revenue loss, say BSNL, MTNL
DESPITE the best efforts of Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), there seems to be no let-up in the surrender of landline connections, with close to two million subscribers having already chucked their ... More

Cos can offer equity against all ECBs
THE Government has permitted Indian companies to issue equity shares against all types of external commercial borrowings (ECBs). Earlier in July, the Government had permitted partial conversion of ECBs for those loans that have already become ... More

Govt converts special securities given to RBI into dated paper
THE Finance Ministry has converted the entire stock of non-transferable `special securities' issued to the Reserve Bank of India in lieu of outstanding ad hoc Treasury Bills into regular marketable, dated Government of India (GoI) ... More

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