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Tuesday, January 22, 2002

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ANNOUNCEMENTS


NRI co set to storm 2-wheeler segment
A NEW aspirant has appeared in the booming and highly competitive two-wheeler market in the form of Asta Motorcycles & Scooters India Ltd, which plans to take on the might of the two-wheeler giants by launching its vehicles in ... More

eFunds to assist Logica in RBI project
BANGALORE: eFunds Corporation, a provider of electronic payment, risk management and related information technology and business process improvement services, announced on Monday that it had been awarded a multi-million dollar ... More

BUYBACK


No ABB plan for buyback
ASEA Brown Boveri Ltd (ABB), which showed a rise in net profit through the first half of calendar 2001 and the third quarter, which followed, has no plans to go in for a share buyback or host any rise in the promoter's equity stake. ``We have ... More

CORPORATE DISPUTES


BSES places hurdles in DPC bidding process
JUST as the bidding process for Dabhol Power Company (DPC) appeared to take off, BSES Ltd has raised objections to certain clauses in the confidentiality agreement. Refusing to specify the clauses, a top BSES official said: "Both Tata Power and ... More

MANPOWER


Ashok Leyland wage talks in a log-jam -- Likely to lay off 800 workers
WAGE negotiations between the management of Ashok Leyland and its employees' union at the Ennore facility have hit a bottleneck. The union leaders went on a day's fast last week to assert their demand. Meanwhile, pending finalisation of the ... More

Dr Reddy's Labs announces VRS
Dr Reddy's Laboratories Ltd, the Hyderabad-based Rs 1,000-crore pharmaceutical major, has announced a voluntary retirement scheme (VRS) for its workmen. The scheme is mainly aimed at trimming the surplus workforce which resulted out of the merger ... More

NEW PRODUCTS & SERVICES


Cadila to launch Fosinopril
CADILA Pharmaceuticals Ltd (CPL) is preparing for a nation-wide launch of Fosinopril, its ACE inhibitor with compensatory dual route. Fovas, the cardio-vascular drug, launched in Ahmedabad this month, will be rolled out in the rest of the ... More

NEW PROJECTS


TiE to `touch' 10 more centres
THE Indus Entrepreneurs (TiE), a network of IT professionals in the Silicon Valley, has decided to extend its ``caring touch'' by providing mentoring to ten more centres across the globe. At an interactive forum aimed at networking IT ... More

REGULATORY BODIES & RULINGS


DCA relaxes norms for differential voting rights
IN a move that would expedite the issuance of more shares with differential rights as to dividend or voting in the corporate sector, the Union Government has relaxed the existing norms governing the issuance of such shares. The Department of ... More

DCA revises norms for managerial pay scales
THE Department of Company Affairs (DCA) has issued a notification enhancing the managerial remuneration in the corporate sector from the existing Rs 75,000 per month to Rs 1,50,000 per month for companies with an effective capital of less than Rs ... More

ALLIANCES & JOINT VENTURES


Peerless, Iffco-Tokio FD plan
PEERLESS General Finance & Investment Company Ltd, along with Iffco-Tokio General Insurance Company Ltd, has launched co-branded fixed deposit schemes. Mr S.K. Roy, Managing Director of Peerless, said during the launch that the fixed deposits ... More

Yokogawa pact
BANGALORE: Yokogawa Blue Star has entered into an alliance with US- based Supply Chain Consultants. The partnership will allow YBL to offer value addition in production planning, and scheduling, demand planning, balancing supply and ... More

INTERVIEW


A fired-up Singareni Collieries looks at currency swap option
SINGARENI Collieries Company Ltd, which had charted out strategies to beat the mounting debt burden by adopting a fiscal re-engineering approach, has emerged triumphant from the brink of financial disaster. The 110-year-old state-owned public ... More

EVENTS


ICWAI meet to ponder the imponderable
It is felt that accounting education, as it is structured currently, is outdated and in need of modification to meet the changing expectations. Three broad reasons have been identified for the lack of confidence about its future. More

OUTLOOK


ONGC rethink on Hazira hexane unit
OIL and Natural Gas Corporation Ltd (ONGC) is reconsidering its plans to produce food-grade hexane at its Hazira project. "We are currently reappraising this project. Industrial growth has suffered over the past one year and companies are ... More
Scoreboard
SE Diary
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Top Stories
A fired-up Singareni Collieries looks at currency swap option


SEBI panel moots early IPOs by MNCs, banks

Collective investment schemes -- SEBI relaxes norms for provisional registration

AMP Sanmar takes the field with Steve Waugh

Scientists deny Pak claims on `infested' wheat

El Nino staging comeback?

AP to rope in private cos for Govt IT projects

In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
Jan. 13-Jan. 19
Stanchart in alliance with Dept of Posts

Hind Motors pins hopes on new Amby variants

Motorola, HP may strike deals with Reliance Comm

Tatas, Hughes call off talks for basic merger

Moser Baer posts Rs 62-cr net in Q3, expects revenues to double

Shaw Wallace brews more to feed TN market


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