The Hindu Business Line : Thursday, January 03, 2002

Panel to review disclosure norms under Cos Act
THE 12-member National Advisory Committee on Accounting Standards (NACAS) is expected to discuss an approach paper on review of disclosure requirements under the Companies Act, 1956 at its second meeting to be held in Mumbai on January ... More

INFORMATION TECHNOLOGY

Intranet link for Singareni

NEW PRODUCTS & SERVICES

Tatra to unveil 30-tonne truck, tractor trailer
TATRA Udyog Ltd will soon launch a new 30-tonne truck and foray into on-road vehicles with a tractor trailer, as part of its efforts to raise sales volume this year, a top company official has said. The company intends to sell about 350 ... More

MERGERS & ACQUISITIONS

LIC arm to buy GLFL Housing Fin portfolio
LIC Housing Finance Ltd has signed an agreement with GLFL Housing Finance Ltd, Ahmedabad to acquire the latter's outstanding home loan portfolio worth approximately Rs 60 crore, along with the attendant liabilities. GLFL (Gujarat Leasing and ... More

MP says FIs will discuss Birla buy of Ambanis' stake in L&T
Mr Kirit Somaiya, Member of Parliament and President, Investors' Grievances Forum (IGF), today raised a controversy of sorts when he said that the heads of major financial institutions would ``discuss the issue'' of the acquisition of Ambanis ... More

PSI, Birla merger by end of fiscal
THE integration of PSI Data Systems into Birla Technologies is likely to be completed y the end of this quarter. Indian Rayon, an A.V. Birla Group company, last year bought out 50.35 per cent of PSI Data stake from Groupe Bull of France. ... More

CORPORATE GOVERNANCE

IT set to redefine corporate governance
DELIBERATIONS by practising Indian company secretaries these days on the use of information technology in corporate governance are extending even to concepts such as board meetings through video conferencing and use of Internet for ... More

NEW PROJECTS

Jindal Tractebel plan for expansion stalled
JINDAL Tractebel Power Company Ltd's (JTPCL) proposed expansion to 500 MW has landed in trouble, with the Central Electricity Authority (CEA) turning down the draft of the detailed project report (DPR). Sources said here that the CEA's ... More

REGULATORY BODIES & RULINGS

Magors, Khaitans barred from using Williamson name
THE Company Law Board (CLB) has settled the dispute between George Williamson Ltd and the B.M. Khaitan-led Williamson Magor group over the usage of the Williamson brand name and the elephant logo. Talking to reporters, Mr Aditya Khaitan, ... More

Demerger of ITDC properties at Agra, Mamallapuram okayed
THE Department of Company Affairs (DCA) has approved the schemes for the demerger of India Tourism Development Corporation (ITDC) properties at Agra and Mamallapuram from the parent company, thereby facilitating smooth disinvestment of these two ... More

ALLIANCES & JOINT VENTURES

Eveready gets charged up with `Greendale Values'
EVEREADY Industries India Ltd, the flagship company of the B.M. Khaitan group, has unveiled its corporate strategic vision, called the Greendale Values, and also made a number of promises to its customers, which it called Greendale ... More

Texmaco signs Rs 60-cr deal with NHPC
NATIONAL Hydroelectric Power Corporation (NHPC), a Government enterprise, and Texmaco Ltd have signed a contract for hydro-mechanical equipment for the 510 MW Teesta Mega Hydroelectric project (Stage-V), located in Sikkim. The order for Texmaco ... More

SICK UNITS

BBUNL seeks funds for Burn Standard
IN order to mobilise finances for its ailing subsidiary, Burn Standard, the holding company, Bharat Bhari Udyog Nigam Ltd (BBUNL), has sought assistance from State Bank of India and United Bank of India for a loan of Rs 15 crore. Sources said ... More

OUTLOOK

ETC Networks presents a picture of confidence
RECESSION notwithstanding, ETC Networks, a relatively small media company, is expected to end the current fiscal on a profitable note, top officials claim. ``In real terms, our advertising revenues have grown both in rates and volumes. Though ... More

PERFORMANCE

Gujarat Ambuja despatches up

Price, demand fall pulls down KMML profit

PEOPLE

Mohan to head Hinduja IT services

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in

Cellular penetration expected to double by December 2002

Corporation Bank cuts housing loan rates

LIC arm to buy GLFL Housing Fin portfolio

New Year sales gets lukewarm response

Health drinks, shampoo to drive FMCG