Companies to be allowed to divest abroad via ADRs/GDRs
THE Government is set to carry out policy changes to allow disinvestment of shares abroad by Indian corporates to overseas investors through the American Depository Receipts (ADRs) and Global Depository Receipts (GDRs) route.

An independent Kashmir can't survive: Farooq
HAVING passed the autonomy resolution in the Assembly, the Jammu and Kashmir Chief Minister, Dr. Farooq Abdullah, feels the protest it has generated around the country is not warranted. In an interview to Business Line at his home in Srinagar, he said au tonomy will be pursued within the framework of the Constitution and ruled out independence

Hiking equity component to reduce risks -- Power producers reject FI stand
POWER project promoters have informed financial institutions (FIs) that raising the equity component in power projects as part of the scheme to completely reduce credit risks on power was not possible.

Refinery project -- Ruias under pressure for financial closure
THE Ruias of Essar are under pressure from ABB Lummus Crest, the EPC contractors for its 10.5-million tonne refinery project, to set a deadline for the financial closure of the project.

Cyber search for accommodation
YOU'VE landed your first job in a big bad city that you have never visited before. Nor do you have friends or relatives to bail you out. Worry not! There's no more need to panic or desperately try to look for contacts. A dotcom promises to fix you payin g-guest accommodation even before you step into the metropolis, wherever it may be in the country -- north, south, east or west.

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