Financial Daily from THE HINDU group of publications
Wednesday, March 06, 2002
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Financial Daily from THE HINDU group of publications Wednesday, March 06, 2002 |
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CORPORATE CORPORATE DISPUTES HC upholds MERC authority in DPC row IN a ruling that prevents Dabhol Power Company (DPC) from going for international arbitration, the Mumbai High Court on Tuesday ruled that the Maharashtra State Electricity Regulatory Commission had "exclusive jurisdiction" in solving the dispute ... More TAXATION No tax on dividend flow from subsidiaries THE re-introduction of Section 80-M to the Income-Tax Act has conferred benefits on a section of the corporate sector. Companies with significant dividend flows from their subsidiaries and other companies stand to benefit since they will not ... More
MERGERS & ACQUISITIONS TVS Motor open offer for 50.30% Harita Fin stake TVS Motor Co (TVSML) is making an open offer to acquire 50.30 per cent stake in Harita Finance, a company belonging to the same group, at Rs 10 per share. The balance 49.70 per cent of the stake is with other group companies. TVSML, which will ... More NEW PROJECTS CPCL to invest Rs 200 cr for eco management CHENNAI Petroleum Corporation Ltd proposes to invest about Rs 200 crore for environment management as part of its three million tonnes per annum refinery expansion project, at Manali, North Chennai. In addition, the company is also implementing ... More
Pechiney may set up alumina refinery in Orissa
Timken to invest $5 m in Indian arm
Praxair opens cylinder testing facility
Apollo to set up vascular research institute REGULATORY BODIES & RULINGS SEBI returns cheque to RIL THE Securities and Exchange Board of India (SEBI) has returned the cheque for Rs 5 lakh to Reliance Industries Ltd (RIL), which the company paid as fine to the market regulator for non-disclosure of its holding in Larsen & Toubro (L&T) exceeding ... More INTERVIEW 
`Impal has absorbed slowdown shock'AUTO parts retailing has also felt the effects of the industrial downtrend. The market leader, the Rs 180-crore India Motor Parts and Accessories Ltd (Impal), saw its sales go down in the first nine months of the current year, albeit marginally, ... More EVENTS `Mergers and acquisitions create shareholder value' THE Indian corporate sector should be globally competitive in the emerging market-driven economy, the Union Minister of Law, Justice and Company Affairs, Mr Arun Jaitley, said. Inaugurating a seminar on `Mergers and acquisitions: Creating ... More SICK UNITS BIFR tells CMM to explain issues raised by creditors THE Board for Industrial & Financial Reconstruction (BIFR) has directed CMM Ltd (CMML) to file its written submissions on the objections raised by the secured creditors with regard to the reference filed by the company. Considering the matter, ... More
Consolidated Fibres EGM to take up net worth erosion OUTLOOK JVSL's margins to benefit from duty cut REDUCTION in the import duty on metallurgical coke used by the steel sector has brought a delayed relief to Jindal Vijayanagar Steel Ltd (JVSL). The cut in the customs duty from 15 to 5 per cent is expected to reduce the cost of production for ... More PERFORMANCE Reva exports cars to Nepal REVA Electric Car Company (RECC), manufacturers of Reva, dispatched the first export consignment of five cars to Nepal on Monday. A company press release said here that this consignment marked RECC's foray into the export market. The company ... More
Durgapur Steel output up in Feb TRENDS SEBI told to ensure cos' compliance on interim THE plans of scores of companies to pay interim dividends before March 31 is set to come unstuck as the Finance Ministry has advised the Securities and Exchange Board of India (SEBI) to ensure that the listing agreement is strictly complied ... More
BSE to keep watch on co notices
Many companies firm on dividend payouts
Interim dividend rush may not achieve its objective: Experts NEW PRODUCTS & SERVICES 
Tata Engg unveils 7-seater `Indiva'TATA Engineering has unveiled a 7-seater multi-purpose vehicle (MPV) concept, christened `Tata Indiva', at the Geneva International Motor Show. Styled by Italian design house IDEA, the model is based on the Indica platform. With this, models ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Feb. 24-Mar. 2 Daewoo gives reprieve to Indian subsidiary DCA seeks details about Hutchison equity pattern `Size forms a virtuous cycle': — Mr Shailendra Ghaste, Vice-President, Investment Banking, JM Reliance Industries, RPL to be merged Gulf Oil, IDL get set to tie the knot |
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