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

Sleepless nights for 10 corporates as three operators come knocking

If Arun Bajoria's tryst with Bombay Dyeing and Ballarpur Industries caught you by surprise, here's more. There are nearly 10 other big companies in which some big market operators have accumulated six to 12% shareholding.

Growth on fast track, deficit in check -- Sinha

Union Finance Minister Yashwant Sinha on Monday claimed that India, despite the recent concern over an economic slowdown, will emerge as one of the world's fastest growing economies by the end of this year.

Daewoo India chief quits

Daewoo Motors India chairman SG Awasthi has quit, reportedly over differences with the management over the company's restructuring exercise.

Global Tele net up 19%; preferential issue cleared

Global Telesystems Ltd, the Mumbai based e-commerce and software services company, has recorded a total income of Rs 224.12 crore for the quarter ended September 30, 2000 as against Rs 188.32 crore in the corresponding period last year, a rise of 19%.

Apex bodies seek change in takeover code

The Arun Bajoria-Bombay Dyeing episode seems to have provoked CII, Ficci and Assocham to seek amendments to the takeover code prescribed by the SEBIto provide promoters a level-playing field against corporate raiders.