Star TV picks 15% stake in ITspace.com
Star TV has picked up 15% equity in the Microland-promoted technology portal ITSpace.com at an undisclosed price.

HDFC buys Hometrust, picks 26% in Gruh Finance
HDFC has acquired the entire shareholding of Hometrust Housing Finance Company, a 100% subsidiary of Gujarat Ambuja Cements and has also acquired 26% additional stake in Gruh Finance.

VSNL defers bonus issue
In an unprecedented move, Videsh Sanchar Nigam Ltd (VSNL) has decided to defer its bonus issue. However, the company on Tuesday announced a final payout of 80% (60% interim) for the last fiscal.


  Executive briefing
  US-based investment fund buys out ailing Tokyo Sowa Bank
  ECB launches variable rates for market auction
  Market round-up
  Euro holds steady ahead of crucial meeting
  BoB net up 19 per cent to Rs 502 cr
  Crisil assigns top rating to L&T
  First Union chalks out revamp plan; to close Money Store unit
  Bank of Maharashtra net up 73.71% to Rs 90 crore
  Media Metrix agrees to buy market-research firm Jupiter
  Reforms process is irreversible, Maran assures EU investors
  SE Rly pegs 175.5 mt freight loadingtarget, hopes cut in operating ratio
  Ninth Plan appraisal focuses on renewed thrust on S&T
  Readymade garment exports touch $2825.2min January-May
  JTC International to step up India operations
  Malaysia proposes to develop Colachel port for Rs 2,000cr
  HDFC, TCS float Rs 40cr companyto offer IT services to overseas firms
  HDFC Bank plans tie-ups with cable-Internet service providers
  Sprint, WorldCom deal hits new obstacle as US justice department lawsuit