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

Star plans to pick 20% in Hathway Cable

Star TV plans to pick up around 20% stake in the Rajan Raheja-promoted Hathway Cable & Datacom as part of its plan to re-enter cable distribution. The two companies are in advanced talks and close to signing a deal.

Petroleum ministry may pitch for duty cuts to nip price hike

The petroleum ministry is likely to press for duty cuts to stave off another round of increase in prices of petroleum products this year, especially on subsidised products, like cooking gas and kerosene oil.

Crompton Greaves charts plan to add zip to power systems business

The Thapars-controlled Crompton Greaves (CG) has charted out a multi-faceted growth strategy aimed at putting its underperforming power and industrial systems business back on track.

Redemptions, poor sales pinch MFs in May

Domestic mutual funds were in for some rude shocks in May 2000. The public sector mutual funds (bank and financial institution-sponsored funds) suffered twin blows of redemptions and shrinking asset base.

Corporates can't capitalise their borrowing costs, says ICAI

In a bid to match international accounting standards and discourage companies from overstating profits through capitalisation of borrowing cost, the Institute of ICAI has made it mandatory for domestic firms to follow the accounting standard 16.