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

Monday, July 23, 2001

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Page One

Sponsored GDR scheme hits operational snag on tax front
THE Government's decision to allow private Indian corporates to disinvest their equity holdings in group companies abroad through American depository receipts (ADRs) and global depository receipts (GDRs) has run into operational problems on the tax front .

Tata Coffee stake in Barista on cards?
TATA Coffee is likely to pick up a substantial stake in the coffee pub chain, Barista, according to sources. It is understood that the deal would be sewed up later this week.

UTI board to discuss CBI arrest fall-out
THE board of trustees of Unit Trust of India (UTI) is expected to meet shortly to take stock of the situation following the arrest of two of its Executive Directors by the Central Bureau of Investigation (CBI), a senior official said.

Policing cyber space, a new challenge
WITH the growth of the Internet and the Global Village becoming a virtual reality, it has thrown open new challenges, particularly with regard to policing cyber transactions in India given the emerging Cyber Law framework.

Ajit Singh inducted into Union Cabinet -- Omar shifted to External Affairs
THE Rashtriya Lok Dal leader, Mr Ajit Singh, was inducted into the Union Cabinet as Agriculture Minister on Sunday.

 Cartoon

 Free petrol
With the economy slowing down, it is now the turn of the oil companies to provide discounts and freebies to push sales. In Delhi, some bunks are offering free petrol with the purchase of lubricants or coolants.


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