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Tuesday, January 13, 2004

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5 pc exposure cap — Banks seek waiver of debt-converted equity
BANKS have sought exemption of `debt-converted equity' under the Corporate Debt Restructuring (CDR) scheme from their equity exposure limit of five per cent. The core group of the CDR arrangement has submitted a recommendation to the Reserve ... More

Vote-on-account soon — BJP recommends elections `as early as possible'
THE National Executive Meeting of the Bharatiya Janata Party here on Monday recommended to the Union Government to call for elections to the Lok Sabha as early as possible. Responding positively to the recommendation, the Prime Minister, Mr ... More

Manufacturing propels IIP to 7.4 pc in Nov
The growth was higher for all the three sectors constituting the general IIP — manufacturing(8.1 per cent (4.3), mining 4.1 per cent (3.7) and electricity 4.3 per cent (3.5). More

Ministry for more parleys before pvt airlines fly abroad
THE Ministry of Civil Aviation is to consult several other Ministries, including Home Affairs, before a final decision is taken on allowing scheduled private sector airlines to fly abroad. Official sources told Business Line that a ... More

Mastek Q2 net falls to Rs 4.1 cr
MASTEK group recorded a lower net profit of Rs 4.1 crore for the second quarter ended December 31, 2003 as compared to Rs 16.3 crore in the year-ago period. Total income stood at Rs 95.5 crore for the quarter ended December 31, 2003 compared to ... More

EoIs invited for for 74 pc stake of Hindustan Paper
THE Disinvestment Ministry on Monday invited expressions of interest (EoI) from potential buyers for the Government's 74 per cent stake in the un-listed State-owned Hindustan Paper Corporation. After the proposed disinvestment, the ... More

`Brokers don't toe SEBI line on payment, deliveries'
DESPITE a clear diktat from the Securities and Exchange Board of India barring routing of payment and delivery of shares to investors through sub-brokers, this practice is continuing unabated while the stock exchanges and the regulator are at a ... More




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