The Hindu Business Line : Thursday, June 05, 2003

Broad-based buying lifts equity markets
AFTER a retreat on Tuesday, said to be on profit-booking, the ebullience of the past week returned to the stock markets today, a trend that may be sustained if the rains are not too late. Reports, meanwhile, said that rain clouds were spotted ... More

Britannia asks Alagh to go; successor not named
THE board of directors of Britannia Industries Ltd has decided to terminate the employment of its Managing Director, Mr Sunil K. Alagh, with immediate effect, the company notified the Bombay Stock Exchange. Earlier, Mr Alagh had informed the ... More

Tatas hike stake in Tata Finance
THE Tata group has increased its stake in Tata Finance Ltd to 71 per cent, from 63 per cent. The group's stake has increased following conversion by Tata group companies of cumulative convertible preference shares (CCPS) issued by Tata Finance in ... More

CDMA: Changing operators is `complex'
THE acquisition of customers by a CDMA limited mobility operator from another appears to be fraught with complications, especially when the customer is not willing to change the handset. The arrest of six Tata Teleservices officials in ... More

Indian Airlines offers Smart Apex fares now
INDIAN Airlines (IA) on Wednesday announced the withdrawal of the Advance Purchase Excursion (Apex) fares which were available up to 15 days before the date of departure from June 7 and replaced them with Smart Apex fares which offer discounted ... More

Promoters to buy Bhagyanagar stake in Surana
THE promoters of the Surana Telecom Ltd (STL), the Hyderabad-based jelly-filled telecom cables manufacturer, have proposed to acquire 10 lakh shares of the company currently owned by the group company - Bhagyanagar Metals Ltd (BML) - at the ... More

Independent directors to head audit panels?
Critics of the existing structure have said that the Chairman or Chief Executive Officer (CEO) of a company is invariably the Chairman of such a committee and therefore, has an overarching influence on its functioning. More

Diamond cos do not shine on the bourses
THOUGH diamond is the single largest foreign earning commodity in the country accounting for around 17 per cent of the country's merchandise exports and accounts for 80 per cent of the global market by volumes, listed diamond companies are ... More

Please crush your PET bottle after use!
IT has become increasingly common in the sweltering summer heat to see people pick up bottles of water while on the move. Ever wondered what happens to every single PET bottle in which water is sold, every day, across the entire country? For ... More

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