The Hindu Business Line : Sunday, June 22, 2003

Guarding investors against themselves
THE stock market is on a roll. The bull seems back in the ring. The BSE market capitalisation is up Rs 1,00,000 crore in a month. Clearly, for retail investors, the resurgence of animal spirits is cause for ... More

CEMENT

Grasim deal may force Gujarat Ambuja hand
GRASIM'S firm hold over the cement business of Larsen & Toubro has the potential to trigger interest in the ACC stock. Gujarat Ambuja Cements (the Ambuja group) has positioned itself to take eventual control ... More

ENVIRONMENT

Ramki Enviro plans to rope in FIs for funds — Hazardous waste treatment plant in WB
THE Hyderabad-based Ramky Enviro Engineers Ltd is talking to FIs for part-funding a hazardous waste treatment plant in West Bengal. Talking to Business Line, top company sources confirmed the move saying that this perhaps is the first ... More

FOREIGN TRADE

Talks soon on trade pact with Singapore
THE stage is being set for the third round of joint negotiations in Singapore for finalising the India-Singapore Comprehensive Economic Cooperation Agreement (CECA). The Joint Working Groups of both the countries are expected to begin talks on ... More

POWER

DVC to implement Maithon power project on its own
DAMODAR Valley Corporation is ready to go on its own to implement the Maithon Right Bank Thermal Power project for which it had entered into a joint venture with erstwhile BSES Ltd. DVC said that BSES has expressed its unwillingness to progress ... More

RADIO/TV

Zee to seek exemption from individual rates — 14-channel bouquet at Rs 55 per month
ZEE Telefilms is planning to ask the Government to exempt it from declaring individual rates in the "larger consumer interest" till a survey is mounted and the choice of the consumer is established in each service locality, according to the ... More

`Little choice for consumers'
`ARE they serious? Or is this some kind of a joke?' That was the reaction of one Mumbai-based multi-system operator (MSO) to the pricing of pay channels proposed by broadcasters. The list that was circulated by broadcasters on Wednesday ... More

INDUSTRY ASSOCIATIONS

Indian cos upbeat on China: CII
INDIAN companies are positive about doing business in China, a survey conducted by the Confederation of Indian Industry (CII) has indicated. Most of the companies feel that China, as a market, cannot be ignored and to service a large domestic ... More

DISINVESTMENT

60 pc Maruti issue for retail investors — At Rs 125 per share Govt mops up Rs 993 cr from sell-off
THE Government has declared a cut-off price of Rs 125 for selling 7.94 crore shares of Rs 5 face value constituting 27.5 per cent of its equity in Maruti Udyog Ltd (MUL), mopping up Rs 993 crore. The Maruti issue would be the first disinvestment ... More

Lessons from the success — Shourie for strong strategic partner
DESPITE the runaway success of the Maruti public issue, the Government said that it preferred the strategic sale route over the public offering mode for disinvestment of Government equity in PSUs. "That we should adopt the public offer route ... More

4 in race for AP stake in Godavari Fertilisers
ONLY five companies out of the eight registered for taking part in the bid for the 25.88 per cent stake (82.80 lakh shares) of the Andhra Pradesh Government in Godavari Fertilisers and Chemicals Ltd (GFCL) have submitted their proposals. Out ... More

WTO

India seeks special window in WTO talks
INDIA has sought a special window under the WTO Agreement on Agriculture to provide for special and differential (S&D) treatment by way of special safeguard mechanism and similar such measures in the interests 650 million Indian farmers who ... More

EXPORTS & IMPORTS

Export of organic spices picking up
EXPORT of organic spices is showing marginal increase with the addition of more items every year ever since the country started exporting with organic pepper in 1998-99. During the fiscal 2001-02, total exports of organic spices stood at 98.65 ... More

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