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Unlikely to work
The Securities and Exchange Board of India has received representations from investor groups to introduce a postal ballot for shareholders. Minority shareholders have been a long-suffering lot all over the world, and India is no exception.
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Tongue-tied FIs
It is one of the tragedies of corporate India that our financial institutions stand tongue-tied when they should be raising a shindig. LIC, GIC, UTI, the term-lending institutions and public sector banks are all guilty of abetting crimes against minority shareholders, including themselves.
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Fill it, file it, forget it? Hah!
Fear not, folks. Lumpen do not quite rule the roost - even at election time. Which is why nice, civilised gents like Dr M and Mr C can be seen on TV, making a pitch for the votes of nice, civilised gents like you and me.
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Birla Copper: The making of a mammoth
The financial year 1998-99 will mark the beginning of a new era for the Rs 500 crore Indo Gulf Fertilisers & Chemicals. Hitherto known as a pure urea company, it expects to see its one lakh tonne per annum copper smelter go on stream in March. The management views the green-field venture, christened `Birla Copper' as a growth vehicle that it hopes will transform the company into a Rs 2,000 crore mammoth by the year 2000.
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