Friday, November 10, 2000
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IT Update

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Sebi panel for cut in minimum offer size to 1O%

The primary market advisory committee of the Sebi has recommended a reduction in the minimum size of the public offer by all companies from 25% to 10% with a condition that the issue size should not be less than Rs 250 crore.

Six parties to bid for Air-India stake

At least six prominent business groups and leading international airlines, including the Tatas and SIA together, are understood to have made a bid for AI, a day ahead of the last date for submission of EoI for the international flagship.

IDBI not to be a universal bank, says Gupta

Quite in contrast with ICICI's gameplan, IDBI has said a firm `no' to the idea of converting itself to a Universal Bank.

Finance ministry opposes roll-back in petro prices

Finance Minister Yashwant Sinha, who met PM on Thursday, has reportedly indicated to him that it would not be possible for the finance ministry to forego any more revenue.

Brandt's India foray likely next year

The domestic home appliance market is likely to witness the entry of a new player, Brandt, one of Europe's largest home appliances and white goods player.

IPG submits bid

The Indian Pilots Guild on Thursday submitted its bid to the disinvestment ministry for a 40% stake in Air India.

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Executive Briefings

bullet.jpg (687 bytes) Siemens net leaps 139% to Rs 84 crore, sales up 3%

bullet.jpg (687 bytes) CVC calls for a new fundamental right

bullet.jpg (687 bytes) Centre plans amendment to general insurance act

bullet.jpg (687 bytes) Wolfensohn promises to lend $2.5 billion to Karnataka

bullet.jpg (687 bytes) Daewoo Motors India operations insulated -- MD

bullet.jpg (687 bytes) IA net profit zooms 245% to Rs 45.27 cr


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