Cash in balance sheet stays high for IT firms
TOP IT firms gave more cash to shareholders. They also used cash to buy companies. Still, at the end of March 2004, the cash sloshing around in their balance sheet was high. Infosys, Satyam and Wipro hold about Rs 1,500 crore or more in cash, ...
Ministry, SEBI vying to educate investors
THE capital market regulator, Securities and Exchange Board of India (SEBI), and the policymaker, Ministry of Company Affairs, now seem to be competing with each other to win investor confidence. The two entities that are more often than not ...
Maersk may buy out Sea King, PSA in Gujarat Pipavav Port
PORT of Singapore Authority (PSA) is likely to exit from Gujarat Pipavav Port Ltd (GPPL) by selling out its 20 per cent ownership to Maersk, a fellow shareholder here but bitter rival elsewhere. According to a source, Maersk India is planning ...
Turning black money into `light' ?
As part of their Budget 2004-05 wish list, lending institutions in the power sector have suggested that the Union Government issue power sector bonds aimed at those interested in converting black money into mainstream investments. India has set ...
Should the Government go in for turnover tax?
A flat, across-the-board turnover tax offers less scope for leakages and will allow our markets to integrate with the global markets.
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