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Saturday, February 19, 2005

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MCA intends to have say in share buyback
The `concept' rules for the new company law proposed by the Ministry also allows for share buy-back by unlisted public and private companies. More

Damodaran takes charge at SEBI — `Swift, heavy punishment for mischief makers in market'
MR Meleveetil Damodaran took charge on Friday as the Chairman of the Securities and Exchange Board of India. The 57-year-old bureaucrat, who resigned as the Chairman and Managing Director of IDBI to take up the new post, has been appointed for ... More

Hindustan Motors to hive off 2 units; Actis to pick up stake
HINDUSTAN Motors is believed to be considering a move to hive off its Pithampur and Hosur plants into a separate company and rope in private equity investor Actis to pick up stake. According to industry sources, the auto major would retain the ... More

Bausch & Lomb, Colgate among 24 FDI proposals approved
BAUSCH & Lomb Eyecare (India) Private Ltd's plan to set up a community cataract surgical centre involving foreign direct investment (FDI) inflow worth Rs 50 crore was among the various FDI proposals approved by the Government today. A total of .. More

Chhabria family seeks exit from SWC biz — Calls for fresh bid on parent company
THE Jumbo group, managed by the Manu Chhabria family, has put the entire array of Shaw Wallace & Co Ltd's (SWC) businesses on the block and has asked interested bidders to value the company. The company has interests in gelatines, agro ... More

Crisil board backs S&P's open offer
THE board of directors of Crisil Ltd on Friday resolved to support the open offer for the company made by the McGraw Hill Companies. The board, "having regard to the relevant provisions of the Foreign Exchange Management Act, and the Foreign ... More

J.N. Godbole to head IDBI
MR J.N. Godbole, the senior most Executive Director in Industrial Development Bank of India (IDBI), has been appointed as the Chairman and Managing Director of the bank. He succeeds Mr Damodaran, who has been appointed as the Chairman of the ... More

Banks fancy private sector over PSUs for investments
THE banking industry seems to have taken a fancy to private sector shares and bonds vis-a-vis papers floated by the public sector companies. A comparative analysis of the banking sector's exposure in shares and bonds of PSUs and private sector ... More

Jet Airways gets nod to fly to US
JET Airways is set to become the first Indian private sector airline to operate between India and the US from this summer. The airline has been given official permission to operate a three-times-a-week service on the India-Brussels-New York ... More

The `iron lady' of BSNL
AT Port Blair airport, the BSNL board welcoming visitors to the Andaman and Nicobar Islands read "Connecting India." But it was impossible to even buy a BSNL mobile phone starter pack, and Andaman and Nicobar has only one cellular service ... More

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