The Hindu Business Line : Tuesday, February 05, 2002

Indian Oil set to acquire IBP
INDIAN Oil Corporation (IOC) is set to acquire a controlling stake in the State-owned petro marketing company, IBP Ltd, according to sources. This follows the Monday meeting of the Committee of Secretaries on Disinvestment, during which the ... More

Corporates may have to pay more for insurance cover
INSURANCE costs for corporates in the country are expected to escalate when premiums come up for renewal for the next financial year. An indication of this trend was available at the bidding for units one and two of the Raichur Thermal Station of ... More

MTNL, BSNL slugfest in basic services allowed
IN a dramatic reversal of stance, the Government has decided to allow public sector telecom majors Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) to compete with each other in basic service operations. According to ... More

Re falls to new low at 48.63
UNEXPECTED dollar demand towards the close of trade on Monday pushed the rupee to its weakest at 48.62/63 to a dollar, 10 paise down from its previous close. Dealers said that there were some stray deals struck after closing hours even around ... More

100 ml brands turn TN tipsy
IT was a deluge waiting to happen. The Tamil Nadu Government's decision to allow 100 ml packs of affordably priced Indian-made foreign liquor is proving to be a hit with the masses. The combined monthly sales of 100 ml bottles touched five lakh ... More

Royal Dutch seeks extension of Hazira pact
THE Royal Dutch Shell group of companies, which is setting up the $190-million (Rs 893-crore) LNG import and regassification terminal at Hazira in Gujarat, has sought the Foreign Investment Promotion Board's (FIPB) nod for the extension of its ... More

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