Panel may clear VSNL selloff on Tuesday
The Cabinet Committee on Disinvestment (CCD) is expected to clear the disinvestment in Videsh Sanchar Nigam Ltd (VSNL), Metallurgical & Engineering Consultants Ltd and CMC on Tuesday. The CCD meet is also expected to discuss divestment in Maruti Udyog, Bharat Aluminium Corporation and Indian Petro-chemicals Corporation.ICICI Q3 net up a tad
ICICI Ltd has reported flat growth of 0.40 per cent in net profit for the third quarter ended December 31, 2000, to Rs 253 crore (excluding extraordinary gains) from Rs 252 crore for the corresponding period of the previous fiscal.
Import tariffs to be further lowered
Import tariffs, already brought down to 35 per cent, will be lowered further notwithstanding the total dismantling of quantitative restrictions from april one this year, Finance Minister Yashwant Sinha said on Thursday at the opening plenary of the World Economic Forum in Davos.
Zee Q3 net jumps 29% to Rs 32.14 crore
Zee Telefilms Ltd (ZTL) has reported a 29 per cent jump in net profit to Rs 32.14 crore for the third quarter ended December 2000, compared with Rs 24.86 crore in the same period of previous year.
NSCCL pay-in, pay-out settlement
The National Securities Clearing Corporation Ltd (NSCCL) has decided to settle the pay-in and pay-out of funds within the same day for rolling settlement. This is an improvement over the normal one-day gap between pay-in and pay-out. This is also applicable to trades settled under auction, objection settlement and bad delivery settlement.
Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
