Changes in family settlement pact -- Greaves comes under Brij Mohan Thapar
IN a modification to the existing family settlement arrangement (FSA) between the Thapar brothers, the ownership and management of the Rs 700-crore Greaves Ltd will now be vested with the Brij Mohan Thapar group.

Merger of US companies -- SEBI calls for details from Hughes cos
THE Securities and Exchange Board of India (SEBI) has sought clarification from Hughes Software and Hughes Tele.com on the merger of Hughes Electronics Corporation, US with Echostar Communication Corporation, US and its impact on the ownership of Indian entities.

`Grey' cell-phones ring a bell
IF you are thinking of going mobile, you might just want to wait till the war in Afghanistan blows over. What's the connection?

India Inc slips into negative territory
THE effects of the slowdown in the economy are there for all to see in the July-September 2001 quarter. The profits of 1000 major companies have declined by 4.7 per cent. More importantly, the revenue growth slipped into the negative terrain and is down by 1.4 per cent as compared to the corresponding quarter of 2000.

Forex reserves rise $24 m
FOREX reserves have increased by $24 million to $45.161 billion for the week ended October 26 as compared to $45.137 billion in the previous week.

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