The Hindu Business Line : Thursday, May 29, 2003

Govt not to charge premium on equity returned by banks — Thumbs-up from stock markets
IN what is expected to perk up bank shares further, the Ministry of Finance has said that it does not have any plans to charge a premium on the equity that a host of banks plan to return. The equity that would be returned to the Government ... More

Long distance calls to turn maze of digits
THE growing competition in the telecom sector may have given a choice to long-frustrated customer who had been at the mercy of Government-run companies, but it does not come without a cost of its own. As will be evident soon from the next ... More

Call centres hear no jarring note in NJ move
A POSSIBLE move by New Jersey to ban telemarketing could affect Indian firms offering outbound call centre services to US clients targeting, in a B2C (business-to-consumer) model, consumers at home in the US. However, there would be a minimal ... More

No stock option for promoters on the rolls
The committee has given companies freedom to determine the exercise price and period and to specify the lock-in period for shares issued pursuant to exercise of the option. More

Coke coming up with milk-based drink
THE fragmented, but high-potential packaged flavoured milk market, which has names such as Amul, Nestle and Britannia vying for the consumer's attention, will witness a big-ticket entry shortly. In line with its intended `beverage revolution', ... More

Forward contract norms eased for 39 items
IN a significant liberalisation in the forward trading arena, the Centre has in consultation with the Forward Markets Commission (FMC) removed the non-transferable specific delivery (NTSD) contracts in as many as 39 commodities from the purview ... More

Outsourcing ban no big deal, says GE official
EVEN as several States in the US and some countries have initiated steps to place curbs on outsourcing,, the President and Chief Executive Officer of the country's largest player in the IT-enabled services space, GE India, Mr Scott Bayman, has ... More

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