The Hindu Business Line : Wednesday, April 16, 2003

Govt to call fresh bids for SCI sell-off — 51 pc sale in RCF cleared
THE Cabinet Committee on Disinvestment (CCD) today decided to invite fresh expressions of interest (EoI) for disinvestment of 51 per cent Government stake in the Shipping Corporation of India (SCI). Simultaneously, it was also decided to do away ... More

Infosys leads tech recovery in flat market
AFTER a three-day break, the stock markets opened on Tuesday to lacklustre trading, with major indices ending flat. The 30-share benchmark sensitive index of the BSE, the BSE Sensex, was down marginally by 0.49 points ending at 2,997.38, while ... More

Air India, IA off divestment list
THE new financial year is turning out to be lucky for the two state-owned airlines — Air India (AI) and Indian Airlines (IA). For starters, the Cabinet Committee on Disinvesment (CCD) on Tuesday struck off the names of AI and IA from the ... More

Scrutinise deals in thinly traded stocks, SEBI tells bourses
THE Securities and Exchange Board of India (SEBI) has advised stock exchanges to scrutinise trading in thinly traded stocks in order to prevent price manipulations leading to tax evasions by brokers. The regulator has expressed apprehension ... More

SARS, war take the sheen off diamond exports
EXPORTS of processed diamonds from India, which meets 80 per cent of the needs of the global market, could be impacted by the twin problems of Severe Acute Respiratory Syndrome (SARS) and the Iraq war, exporters said. The world's second largest ... More

Cap on floating of investment companies likely
PROMOTERS and corporate houses may soon be required to grapple with a new set of norms that seeks to regulate the much abused `investment company' route for corporate control. Armed with the experiences gained out of the practices adopted by ... More

Petrol, diesel prices cut by Re 1
OIL companies on Tuesday reduced prices of petrol and diesel by Re 1 per litre each, effective April 16. The announcement came even as nationwide truckers strike demanding a reduction in diesel prices, among other things, continued for the ... More

PPN Power closes down TN plant
PPN Power Generating Co. Ltd has shut down its 330-MW combined cycle power plant at Pillaiperumalnallur in Tamil Nadu, according to official sources. This follows the non-payment of bills by the Tamil Nadu Electricity Board, which buys power ... More

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