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Suzuki to take wheel at Maruti: Rights issue at Rs 3,280 a share
IN a landmark decision, the Centre today decided to hand over management control in Maruti Udyog Ltd (MUL) to Suzuki Motor Corporation (SMC) for a consideration of Rs 1,000 crore. SMC would acquire controlling stake in the country's leading ...
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Tata's open offer for VSNL oversubscribed
THE Tata group's open offer for an additional 20 per cent stake in Videsh Sanchar Nigam Ltd (VSNL) has been oversubscribed more than 1.5 times. The group will now have a 45 per cent stake in VSNL, having earlier bought a 25 per cent stake from ...
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HDFC net up 22.5 pc; to pay Rs 25 dividend
HOUSING Development Finance Corporation Ltd (HDFC) today reported a 22.5 per cent rise in profit after tax to Rs 580.01 crore for 2001-2002, as against the Rs 473.65 crore of the previous year. Its board has recommended a dividend of Rs 25 per ...
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CBI arrests Ketan Sheth
THE Central Bureau of Investigation (CBI) today arrested Mr Ketan Sheth, promoter of Gilt Edge Securities, in connection with the Government securities scam. Investigative agency sources said Mr Sheth surrendered to the CBI's Banking, ...
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Audit of all exempted PFs ordered
THE Central Provident Fund Commissioner has ordered an immediate audit of all the 2,500 exempted provident funds under its jurisdiction. The audit report will be submitted within a fortnight. Mr Ajay Singh, Central Provident Fund Commissioner, ...
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Humour is what tickles the kids
HERE'S something to make you sit up and take note. It's not the heroics of Superman or GI Joe, but good old humour that works best when it comes to advertising targeted at children. This is among the key findings of New Generations 2001, ...
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Major power failure in Tamil Nadu
THE northern districts of Tamil Nadu, including Chennai, experienced a major power failure Tuesday evening. When contacted, Tamil Nadu Electricity Board officials said the reasons for the failure were being studied by the Southern Regional ...
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