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Revised Clause 49 of listing agreement — Murthy panel may redefine `independent director' to allay fears
EVEN as the last word is yet to be heard on the implementation of the revised Clause 49 of the listing agreement dealing with corporate governance, the Securities and Exchange Board of India- (SEBI) appointed N.R. Narayana Murthy Committee is ...
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HLL annual profit growth slows, sales up
HINDUSTAN Lever Ltd (HLL) continued to bet on the future even as the company today reported a net profit after exceptional items of Rs 1,771.79 crore for year ended December 31, 2003, just 0.11 per cent higher than the previous corresponding Rs ...
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IPCL shares: Govt may give 5-10 pc discount to retail buyers
MANY equity analysts expect the Government to sell part of its equity holding in IPCL at Rs 165-175 to retail investors. Institutional and other large investors will have to participate in a book building to discover the public offer price. ...
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DoT in no hurry to change norms for calculating licence fee
IN what could be a setback for telecom operators, the Department of Telecommunications (DoT) is in no hurry to change the definition of adjusted gross revenues (AGR) for calculating their annual licence fees. A change in the definition, as ...
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Will politics lure Gelli?
THE stay of Mr Ramesh Gelli, the chief promoter of Global Trust Bank (GTB), on the bank's board could well be a short affair of little over a month, if one goes by what is being talked about in political circles of Andhra Pradesh. Mr Gelli has ...
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Anil Nanda resigns as Escorts MD, stays Vice-Chairman
MR Anil Nanda, the younger brother of Escorts Ltd Chairman, Mr Rajan Nanda, has resigned from the post of Managing Director in Escorts Ltd. He will however continue to be the Vice-Chairman of the company. Though not detailing the reasons for ...
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Foodgrains, oilseeds output seen at new high
BUOYED by copious monsoon precipitation, the country's production of foodgrains and oilseeds are expected to touch an all-time high of 212.20 million tonnes (mt) and 24.97 mt during 2003-04. This is in marked contrast to the drought-impacted ...
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