Boards to consider ICICI merger with ICICI Bank
AFTER being ``on the cards'' for a long time, ICICI Ltd today announced that it has decided to take the final step towards universal banking. The boards of ICICI Ltd and ICICI Bank will take up a proposal to reverse merge the financial institution with t he banking subsidiary at separate meetings on Thursday.

Satyam net rises 100 pc in Q2
SATYAM Computer Services Ltd has recorded total income of Rs 453.50 crore and a net profit of Rs 134.08 crore for the second quarter ended September 30, 2001 as against a total income of Rs 283.39 crore and a net profit of Rs 66.94 crore for the corresp onding quarter last year.

Bajaj Auto Q2 net up 167 pc -- Profit lifted by payment from Allianz
BAJAJ Auto Ltd (BAL) has reported a 166.95 per cent rise in profit after tax for the July-September 2001 quarter (Q2), to Rs 143.70 crore from the previous corresponding Rs 53.83 crore.

MTNL divestment plan revived
FOLLOWING the successful and controversy-free privatisation of CMC Ltd and HTL Ltd, the Shourie-Mahajan duo has zeroed in on Mahanagar Telephone Nigam Ltd (MTNL) as the next stop for a big ticket disinvestment in the telecom sector. The Ministry of Disin vestment (MoD) has now revived a dormant proposal to further disinvest the Government's equity in MTNL through the strategic sale route.

Militancy is `good business'
IF there was some hope that the attacks on Afghanistan, putting the Taliban and their friends under immense pressure, would result in reduced militancy in the Kashmir Valley, thanks to the export of indigenous and foreign militants to the beleaguered nat ion, the attempt on Tuesday to blow up the Air Force airport at Avantipur, near Srinagar, has proved this wrong. Kashmir remains on the agenda of the militants and the four fidayeen (suicide squad) who were killed during this incident is ample evidence.

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