THE HINDU BUSINESS LINE
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Wednesday, August 01, 2001

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Page One

A `hurt' PM offers to quit -- Opposition calls it pure drama
THE fallout of the US-64 saga has acquired a new dimension with the Prime Minister, Mr Atal Bihari Vajpayee, today throwing his own ruling National Democratic Alliance (NDA) constituents off-balance, with his dramatic offer to resign. This comes just a d ay after a Member of Parliament from the Shiv Sena, a prominent alliance partner, pointed a finger at the alleged involvement of the Prime Minister's Office (PMO) in influencing investment decisions of the Unit Trust of India (UTI).

Bharti wins 8 circles in fourth cell bid
BHARTI Enterprises has bagged eight circles for the fourth cellular slot as the Government today opened the third and final round of bids following the Madras High Court vacating its stay on the bidding process.

Gujarat Ambuja net up 6 pc at Rs 186 cr
THE board of directors of Gujarat Ambuja Cements Ltd has recommended a dividend of 50 per cent for the year ended June 30, 2001 (40 per cent in the previous year), amounting to 44 per cent payout of net profit for the year.

 `Give me a chance to counter charges': Sinha
THE Finance Minister, Mr Yashwant Sinha, today said that he was determined to reply in detail to each of the charges levelled against him and the Government over the alleged mishandling of the Unit Trust of India's (UTI) affairs.

Reliance net up 14 pc in Q1
RELIANCE Industries Ltd has reported a 14 per cent increase in net profit at Rs 618 crore for the first quarter ended June 30, 2001 against Rs 543 crore for the same period last year.

MRL board restores powers to B.K. Modi
THE board of Modi Rubber Ltd (MRL) today restored to Dr B.K. Modi all the functionary powers vested with him prior to the fateful June 28 board meeting.

UB set to offload stake in Mangalore Chem for Rs 60 cr -- Valuation diluted to `realistic' price
THE UB group is gearing up to offload its 30.44 per cent stake in Mangalore Chemicals & Fertilizers (MCF) for about Rs 60 crore. This marks a significant climbdown in MCF's valuation as UB initially looked at a figure close to Rs 100 crore from the sale.

UTI geared for redemptions
THE Unit Trust of India (UTI) is geared to meet the redemptions under Unit Scheme-1964 (US-64) beginning tomorrow. The UTI Chairman, Mr M. Damodaran, said that UTI is prepared even for the worst scenario where most of the investors line up for redeeming their maximum 3,000 units.


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Inside Kashmir


IIMB Survey


US Attack


Guide


UTI US-64



e-World


Urban Pulse


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Investment World


News Update


Brand Quest


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