THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Wednesday, April 04, 2001

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Page One

GTB: Ketan, 2 corporates groups acted in concert?
MR Ketan Parekh, accused in the bank pay-order case and now in CBI custody, and his associate firms and two prominent Gujarat-based corporate groups have allegedly violated takeover regulations in their acquisition of Global Trust Bank (GTB) shares.

`Warning' on B.P. Verma -- I've done my homework, Vittal tells Sinha
WHILE the former Chairman, Central Board of Excise and Customs (CBEC), Mr B.P. Verma, is cooling his heels in Central Bureau of Investigation (CBI) custody on charges of corruption, an interesting skirmish has opened up on the sidelines between the Finan ce Minister, Mr Yashwant Sinha, and the Central Vigilance Commissioner (CVC), Mr N. Vittal, on the issue of the accused crawling his way to the top slot in the CBEC.

 Castrol closes Hoskote plant
CASTROL India Ltd has closed down its manufacturing facility at Hoskote in Karnataka from Monday.

NHB to consider ANZ out-of-court settlement offer on '92 stock scam
THE National Housing Bank (NHB) has decided to consider and negotiate the offer made by ANZ Grindlays Bank for an out-of-court settlement in the dispute between the two relating to the 1992 stock scam.

WPP agencies' media outfits to be separate
DESPITE grand plans of bringing all the media buying businesses of WPP agencies in India under one roof, the group is likely to have three separate media buying outfits.


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