Financial Express - India's leading business newspaper from the Indian Express Group

Battle for GESCO poised to end soon

Even as the stock markets and Corporate India wait with bated breath, the bidding war between the Sheths-Mahindras combine and Dalmia group for the control of GESCO Corporation is unlikely to continue for long.

Phatak provides backdoor entry to derivatives trading at bourses

How do Dalal Street and Lyons Range hedge their risks? Buy index futures. Right? Wrong. They go for phatak, a traditional, home-grown form of futures and options. And there's nothing official about it.

Nihar displaces Parachute in rural coconut oil market

It is a quiet conquest by HLL in the rural coconut oil market. HLL's Nihar coconut oil achieved a market leadership in the rural coconut oil market in October 2000, by displacing all-time leader Parachute of Marico Industries.

Narayana Murthy, Ratan Tata to head Indo-US forums

Tata Sons chairman Ratan Tata and Infosys Technologies chairman NR Narayana Murthy will head two high-powered Indo-US committees to further strengthen business ties between the two countries.

White cement industry likely to be hit by levy of excise duty on MRP

White cement industry is likely to be badly hit with the Central notification to include it in the list for items for levy of excise duty based on maximum retail price rates, effective from Dec 1, 2000.