Govt relaxes wagon procurement policy -- Discrimination against new entrants goes
THE Railway Minister, Ms. Mamata Banerjee, has liberalised the wagon procurement policy by completely doing away with discrimination against new entrants. Orders valued at over Rs. 400 crores will be placed on wagon builders during fiscal 2000-01.

SEBI sets up risk management group to review margins
THE Securities and Exchange Board of India (SEBI) has constituted a group on risk management to review the existing levels and types of margins stipulated for secondary stock market transactions and is expected to suggest a `simplistic' margins system.

IFL board reconstituted -- Malco to take controlling stake in India Foils
THE board of directors of India Foils Ltd (IFL), at its meeting held here on Thursday, approved allotment of equity shares and warrants to Madras Aluminium Company Ltd (Malco), a Sterlite group company having its registered office at Salem, Tamil Nadu.

IA divestment: Finalisation of advisors soon
THE appointment of the global advisors (GA) to chalk out a road map for disinvestment of 51 per cent Government equity in Indian Airlines is likely to be finalised within the next couple of days, even as the announcement to this effect is expected only a fter it is approved by the Union Cabinet.

SSI items: EOUs exempted from industrial licence
THE Government has decided to exempt export oriented units (EOUs) and units in export processing zones (EPZs) from obtaining industrial licence if they manufacture items reserved under the small scale industries (SSI) list.

Sensex staggers before Reliance gives it a hand
SHARE prices on the BSE and NSE opened on a weak note in the wake of the Nasdaq Composite Index reflecting a sharp drop on Wednesday.

Cheap crude, dear transport bill
WEDNESDAY'S decision of the Organisation of Petroleum Exporting Countries (OPEC) to enhance output limits thereby softening global crude oil prices, may hold a downside for Indian imports in the form of a stiff transport bill.

Bausch & Lomb stake shifted
MUMBAI: Bausch & Lomb Incorporated, Rochester (B&L) transferred its 44 per cent stake in Bausch & Lomb India Ltd (BLI) to a wholly owned subsidiary _ Bausch & Lomb Indian Holdings Inc _ on March 24.

Telecom tariffs valid till July 31 -- TRAI review to take time
THE new members of the Telecom Regulatory Authority of India (TRAI) have ruled that the tariffs/pulse rates and other charges contained in the Telecommunication Tariff Order, 1999, will be applicable till July 31, 2000, instead of March 31.

Reliance to pay 40 pc interim
RELIANCE Industries Ltd has announced an interim dividend of 40 per cent (Rs. 4 per share) for the current fiscal. The dividend outgo will be Rs. 427 crores. For the 1998-99 fiscal, the company paid a dividend of 37.5 per cent.

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