Share the wealth: India's Vysya places stock to ward off predators

Article Abstract:

Vysya Bank of Bangalore, India, is a private-sector institution that has thrived despite regulations that favor government-owned banks. Under Chmn Ramesh Gelli's modernization program, Vysya's deposits and net profit went up by about 2/3 in the fiscal year ending Mar 1993. This success has caused Vysya's stock to double in price since June and persuaded the bank to distribute the stock among investors unlikely to take part in a takeover. Vysya's success demonstrates that formerly backward southern India is now producing some of the country's most dynamic companies.

AGRICULTURAL PRODUCTION--CROPS, Banking industry, Vysya Bank Ltd.

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Here comes trouble

Article Abstract:

Tata, India's giant holding company that produces a wide range of products ranging from electronics to software, faces uncertain times as India prepares to allow free foreign competition. Chmn Ratan Tata, who is carrying on the tradition started by the Parsi family that founded the firm in 1887, has yet to assert himself against the firm's conservative leadership. Tata must be particularly concerned with protecting its three core sectors: steel, trucks and cement. Overstaffing and the need to find new sources of capital are additional problems.

Planning, Cover Story, Tata Group, Tata, Ratan, Tata Sons Ltd.

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Insatiable demand

Article Abstract:

India is beset with the problem of insufficient steel output to satisfy demand. Partly accounting for this situation is the existence of small rather than big steel producers. The country's capacity reaches to 20 million tons a year with the government contributing 80% of the figure. China, which had relatively less capacity during the infancy of its industry, produces 70 million tons annually. India is expected to have a hard time coping with demand up to the end of the 20th century.

Iron and Steel Foundries, Industry Overview, Economic aspects, Supply and demand, Steel industry, Steel

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