The Hindu Business Line : Saturday, April 20, 2002

Caltex gets buy-out okay with 5-yr rider
THE Government has permitted the US-based Caltex to buy out the 49 per cent stake held by Indian shareholders in the company's joint venture Indian subsidiary for a consideration of Rs 175 crore with a mandatory disinvestment clause. The ... More

Jumbo applications for 100% stake in SWC, Falcon rejected
THE Government has turned down the Dubai-based Jumbo group's plan to convert Shaw Wallace and Falcon Tyres into 100 per cent NRI-held companies on the grounds that prosecution proceedings have been initiated by the Securities and Exchange Board ... More

Auto cos get FIPB green signal for new models
THE Foreign Investment Promotion Board (FIPB) has given a slew of approvals for international automobile majors such as Toyota, Honda and Hyundai and homegrown Hindustan Motors to expand their operations and introduce more models. Hindustan ... More

7 non-operational Cement Corpn units to be closed
THE Union Cabinet has permitted Cement Corporation of India (CCI) to shut down its seven non-operational units. "The Cabinet on Thursday permitted CCI to take advance action to close seven non-operational units under the Industrial Disputes Act ... More

It's shutters for Sankhya Vahini
THE Government has formally closed the case for setting up Sankhya Vahini India Ltd, months after its partner, IUNet, announced its withdrawal from the project. The Union Cabinet, which met here on Thursday, was informed about the formal ... More

POLITICS

`I-T relief for poll funds a mockery of justice'
THE Election and Other Related Laws (Amendment) Bill, 2002, now pending before Parliament, is purportedly intended to "bring transparency in the funding of political parties by the corporate sector and by other persons by streamlining and ... More

`Modi issue will not delay Rly Budget, Finance Bill passage'
THE Government today said that the deadlock in Parliament over the Narendra Modi issue would not hinder the passage of the Railway Budget and the Finance Bill before May 14. The long adjournments in the past had not blocked the passage of these ... More

Restraining order on RS member
JUSTICE Alok Chakroborty of the Calcutta High Court has passed an order restraining Mr Biplab Dasgupta, a CPM member of the Rajya Sabha, from making defamatory statements against Mr Satyabrata Mukherjee, the Union Minister of State for Chemicals ... More

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Top Stories
Watchdogs on watch

Caltex gets buy-out okay with 5-yr rider

Xansa, TN pact for Rs 234-cr tech park

Auto cos get FIPB green signal for new models

Wipro net profit up 32 pc; Q4 revenues down 6 pc

2.31 cr new policies sold in 2001-02 -- LIC close to deal for venture in Lanka

`I-T relief for poll funds a mockery of justice'

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Apr. 7-Apr. 13
Buy India Act to redefine Govt steel procurement

Govt set to distance itself from UTI, give up powers -- Act amendment on the cards

FII investment in telecom to be outside FDI cap

I-T rules on perks to be eased further

High-tech snooper to keep tabs on shirking AP Govt employees

Revised grains export price from May 11