The Hindu : Saturday, June 08, 2002

Online edition of India's National Newspaper
Saturday, June 08, 2002

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SFL's disbursements up
CHENNAI, JUNE 7.Sundaram Finance Ltd. (SFL) has reported a gross income of Rs. 472.55 crores and a net profit of Rs. 40.36 crores in 2001-02. Total disbursements during the year are placed at Rs.1,220 crores. The gross income during 2000-01 was ...

Rane Brake to focus on exports
CHENNAI, JUNE 7.Friction material maker Rane Brake Linings is aiming to scale a turnover of Rs. 125 crores in the current financial year against a sales of Rs. 107.85 crores reported during 2001-02. A substantial portion of the additional revenue ...

Promoters' stake in private banks raised to 49 p.c.
MUMBAI, JUNE 7. The Reserve Bank of India today stated that it had been decided to raise the maximum limit of shareholding of Indian promoters in private sector banks from 40 per cent to 49 per cent of the paid up capital "in order to provide a ...

FINANCIAL SCENE
Transition in petroleum — implications
The transition to a competitive environment in the petroleum sector has not been smooth. The Government which has provided a cushion for now obviously needs to do let the public sector compete.

Non-corporate taxpayers can use Saral form
NEW DELHI, JUNE 7.In a further simplification, the Union Finance Ministry today announced that non-corporate tax payers with income above Rs. 2 lakhs per year can file returns through the `Saral' form. On June 5, the Ministry had announced ...