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Since 1st March, 1999
 
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Cap on inter-bank voting rights to go
In a crucial move that could have far-reaching implications on the banking industry, the Reserve Bank (RBI) has asked the ministry of finance to remove 10 per cent cap on voting rights for a bank with stakes in other banks. ...  | Read.. 
 
Prompt steps to book culprits
The Reserve Bank of India (RBI) is planning to put in place a prompt corrective action (PCA) mechanism when banks’ breac ...  | Read.. 
 
IFCI sees itself as lender to small units
Ailing IFCI Ltd plans to metamorphose itself into a multi-product company, providing long-term credit to small and mediu ...  | Read.. 
 
New UTI debt scheme
Troubled Unit Trust of India will launch an open-ended debt oriented scheme tomorrow, almost after a gap of 18 months, seeki ...  | Read.. 
 
Somnath sets up meet with Sony next week
Sony Corporation managing director Jiro Aiko will discuss possible investment in Bengal with West Bengal Industrial Deve ...  | Read.. 
 
(From left) Singapore Tourism Board country manager (West Asia) Moses TAN Beng Teck, marketing officer (south Asia) Sonali Chaturvedi and regional dir ...  | Read
 
 
Auto insurers rev up to hike premia
Owners will have to cough up 20 to 60 per cent more if they want their vehicles insured. ..  | Read.. 
BSNL revenues remain buoyant
Bharat Sanchar Nigam Ltd (BSNL) expects to clock a revenue of Rs 24,000 crore by the end of th..  | Read.. 
 
Strict vigil on oil prices
The petroleum ministry is watching the current oil price situation but will agree on a hike in ..  | Read.. 
 
Hudco loans become cheaper
The Housing and Urban Development Corporation Ltd (Hudco) today slashed interest rates for both..  | Read.. 
 
Split to help UTI win back investors’ trust
The bifurcation of Unit Trust of India (UTI) — aimed at separating its schemes in shambles from..  | Read.. 
 
Sales rush for desi Viagra
Ranbaxy Laboratories Ltd and the Ahmedabad-based Zydus Cadila Healthcare Ltd are locked in a ne..  | Read.. 
 
Singapore beckons tourists
The dwindling number of international flights out of the city doesn’t seem to be stopping Calcu..  | Read.. 
 
Oxemberg eyes premium, economy segments
After crafting a presence in the mid-priced segment, Oxemberg, the readymade garment brand from..  | Read.. 
 
Panel to vet mineral royalty
The government has constituted a study group to examine the revision of royalty on non-fuel mineral..  | Read.. 
 
Cellular firms seek Mahajan support
Anticipating aggressive price competition with the launch of cellular services by Bharat Sanchar Ni..  | Read.. 
 
Birla Home Finance plans IPO
K.K. Birla group company Birla Home Finance is planning to go for an initial public offer in three ..  | Read.. 
 
Telco unveils new truck models
Tata Engineering and Locomotive Company Ltd (Telco) today unveiled a new “EX” series of medium ..  | Read.. 
 
AROUND THE GLOBE
WorldCom chief hunts for heir
WorldCom president and chief executive John Sidgmore, who took the reins at the debt-laden telecomm..  | Read.. 
 
Nokia lowers sales target
For the fifth time this year, Nokia, the world’s biggest cell phone maker, has reduced a target..  | Read.. 
 
Tyco picks new chief financial officer
Tyco International has selected David J. FitzPatrick, a senior vice-president and chief financi..  | Read.. 
 
Gallo to acquire Martini winery
E&J Gallo, the world’s largest wine producer, has agreed to acquire the Louis M. Martini Wi..  | Read.. 
 
CORPORATE BRIEFS
Venky’s buyback plan
Telecom meet
Cycle fair
Hughes
HCL Perot
Indian Hume
 
Panel on Tata Tele dithers
NPA Ordinance
Indirect tax
DSE merger
Indian Hotels