The Hindu Business Line : Friday, February 01, 2002

GDP growth pared to 4 pc
THE Government has yet again revised downwards its estimates of growth in the country's real gross domestic product (GDP) for 2000-01. According to the `quick' estimates of national income for 2000-01, released by the Central Statistical ... More

Reliance net up 20 pc at Rs 822 cr -- L&T stake sale comes to the rescue
RELIANCE Industries Ltd (RIL) has posted a 20 per cent rise in net profit at Rs 822 crore for the quarter ended December 31, compared to Rs 684 crore in the year-ago period, thanks in large measure to the sale of equity in Larsen and ... More

Seven bids for IBP; 2 from Reliance
SEVEN companies have submitted bids for acquiring a controlling stake in the State-run petro marketing company, IBP Ltd. These are Reliance Industries Ltd, Reliance Petroleum Ltd, Shell, Kuwait Petroleum Corporation, Indian Oil Corporation, ... More

Tribunal stays TRAI order on default STD cell calls
THE Telecom Dispute Settlement Appellate Tribunal (TDSAT) has stayed the interim arrangement of Telecom Regulatory Authority of India (TRAI) for the distribution of all default mobile-to-mobile STD calls between Bharat Sanchar Nigam Ltd (BSNL) ... More

MTNL net down 31.2%
MAHANAGAR Telephone Nigam Ltd (MTNL) has reported a 31.2 per cent decline in net profit for the third quarter of the current fiscal. The company has registered a net profit of Rs 328 crore during the October-December period as against a net ... More

Insure, be secure is the tinsel town motto
TINSEL town is lending glamour to the staid life insurance business. Quite a few of its stars are either insuring themselves for large sums, or as actor Naseerudin Shah did recently, choosing to endorse insurance products. Southern superstar ... More

Naphtha duty waiver for units switching to LNG
THE Finance Ministry on Thursday accorded a full waiver on excise duty on naphtha for power generation, which earlier attracted a rate of 27.6 per cent. The 740-MW Dabhol power project has been excluded from the duty waiver. The exemption was ... More

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