The Hindu Business Line : Tuesday, March 25, 2003

Stocks sink on fears of longer war
INDIAN financial markets turned choppy today along with markets elsewhere in the world and surrendered almost all of the ground gained during the past week of `certainty'. Concern that the US-led war on Iraq may not be short sent the benchmark ... More

822 cos on BSE flout corporate governance code
MORE than 800 companies listed on the BSE and 146 companies on the NSE have failed to comply with SEBI's Corporate Governance Code. According to the quarterly compliance report submitted to SEBI by stock exchanges for the period ended ... More

Insurance cos: Divestment clause looms large for foreign promoters
FOR foreign promoters of Indian insurance companies, the euphoria over the move to hike foreign direct investment (FDI) cap in insurance to 49 per cent could be short-lived, with the Government proposing to slap the mandatory divestment clause on ... More

State Bank, BoB get nod for offshore branches in SEZs
STATE Bank of India (SBI) and Bank of Baroda (BoB), the two largest public sector banks, have received RBI licence to set up offshore banking units (OBUs) in special economic zones (SEZs). These are the first batch of licences given by the RBI ... More

Reliance Info not keen on equity sale to Qualcomm
"With telecom equipment prices crashing to all-time low levels, the level of investments that Reliance had initially planned has had to be scaled down considerably. As such, there is no urgent need of funds at the moment", company sources said. More

State PSUs can take up coal mining outside
IN a move that could revolutionise coal production in the country, the Centre has decided to allow State Government undertakings to undertake coal mining outside their State boundaries and also to sell it in the open market anywhere. This will ... More

Food Ministry moots cut in grain issue price — Agri Ministry opposes move, wants it deferred until June
EVEN as the Food Corporation of India's (FCI) grain stocks have depleted to a 33-month-low, the Government is contemplating a further Rs 100 per quintal reduction in the issue prices of both rice and wheat channelised to the above poverty line ... More

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