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

Monday, October 30, 2000

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Page One

Will M&M trip where Tata slipped?
IT certainly isn't the sort of thing a market-savvy company like Mahindra & Mahindra Ltd would like to hear. But, following Wednesday's announcement of a 78 per cent slide in its second-quarter net profit, some auto industry analysts in the city's stock market are asking if M&M is showing signs of doing a Tata Engineering.

Electronic components manufacture -- Customs duty waiver to be deferred
THE Finance Ministry is set to defer the proposed move to accord full customs duty waiver on raw materials manufactured by the chemical industry and capital goods used in the production of electronic components till the next fiscal.

Despite hefty hike in Budget allocation -- Defence spend to stay low
THE hefty hike in the defence budget during the current fiscal notwithstanding, the Finance Ministry anticipates actual expenditure to be below the budgeted allocation.

IOC Q2 profit marginally down
HIGH outstandings due from the oil pool account have taken a heavy toll on the Indian Oil Corporation's (IOC) financial performance during the current fiscal.

IMD closing date extended to Nov 4
SUBSCRIPTION to the India Millennium Deposit (IMD) scheme is to be closed by November 4, against the earlier closing date of October 31, senior SBI officials said today.

Nalco divestment only after Balco strategic sale
THE Government has decided to put off its disinvestment in the aluminium major National Aluminium Company Ltd (Nalco), until a strategic partner has been chosen for the other public sector aluminium company on the block -- Bharat Aluminium Company Ltd (B alco).


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