The Hindu Business Line : Sunday, August 17, 2003

Sponsored ADRs — Make the tender book transparent
The shrinkage in the floating stock during a sponsored ADS offer has significant implications for prices on the spot and the derivatives market. In such cases, online disclosure of tendered shares in real time is a must. More

TAKING COUNT

UTI as a mutual company...
Will be in Vanguard of change
THE idea of the UTI as a publicly listed company sounds exciting. The UTI's initial public offer UTI will, indeed, provide retail investors a chance to participate in the growth of the promising asset management ... More

SIMPLE ECONOMICS

Implication of bonds with put options
SEBI, in its recent concept paper, has proposed that companies issue bonds with put options. What does the proposal mean to bond investors? Such bonds will enable investors to sell the instrument back to the company ... More

TAX TALK

The treatment of `other income'
A PRIVATE limited company discontinued about 10 years back all its manufacturing and trading activities. Before its discontinuance, the company had unabsorbed business losses. Since then, the only source of income ... More

IN FOCUS

Turning over a new leaf
AFTER greeting the government's initial attempts at restructuring subsidies with protests and misgivings, the fertiliser industry appears to be adapting quite well to the transition. Players are getting together to ... More

FD WATCH

Cholamandalam Investment & Finance — Riding on auto sector
THE fixed deposit programme of Cholamandalam Investment and Finance, a Murugappa group company, is open for investment. The interest rates are lower than that of Ashok Leyland Finance. However, considering ... More

FUND WATCH

K-Income Plus from Kotak
KOTAK Mahindra Mutual Fund plans to launch an open-end income scheme, Kotak Mahindra Income Plus. The fund offer invests mainly in debt instruments and to a moderate extent, in equities. There will be a contingent ... More

COMMENT

FDs not without advantages
THE latest series of advertisements from Franklin Templeton are targeted at depositors in fixed deposits. Investors put more money into fixed deposits and bank term deposits than they in mutual fund debt schemes. Thus, ... More

AUTO FOCUS

Corsa Sail: Stylish and comfortable
THE launch of the Opel Corsa Sail (that's three big time, famous brands from the GM stable in a line) was expected since GM launched the three-box Corsa model. It was just a question of when. Now, finally, the Corsa ... More

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