Financial Daily from THE HINDU group of publications
Monday, March 11, 2002
Financial Daily from THE HINDU group of publications Monday, March 11, 2002 |
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CORPORATE ANNOUNCEMENTS TASMAC aims to break even this fiscal THE Pune-based B-school, TASMAC, with a paid-up capital of Rs 25 lakh and an asset base of Rs 3.5 crore, hopes to break even this financial year on a turnover of Rs 2.5 crore, according to Dr Giri Dua, Chairman and Managing Director. The next ... More
ACCOUNTING STANDARDS Enron put the skid on equity rally: BIS In the wake of the revelations about Enron, releases of financial statements in January and February by various firms in the US and Europe were often greeted by market-wide asset price declines. More SOCIAL WELFARE Corporate `spin doctors' CONSIDER just two — among the many — facts about multinationals compiled by Ms Sarah Anderson and Mr John Cavanagh of Corporate Watch:
They did not disclose
CORPORATE BONDS Five merchant bankers vie for Gridco's borrowing Gridco is going in for Rs 200 crore in the bond market and another Rs 200 crore by way of term loan borrowings in the first tranche. The second tranche will be Rs 200 crore in bonds and Rs 400 crore by way of term loans. Orissa Government guarantee h as been received for the entire Rs 1000 crore. More RESTRUCTURING Home Trade in the midst of rejig throes FINANCIAL services company Home Trade is in the middle of a restructuring exercise that has seen it shutting down a number of channels of its Web site, hometrade.com. The company has also ended its contracts with content vendors with a view to ... More MERGERS & ACQUISITIONS Shell seeks to buy out Bharat Shell's LPG biz THE Shell group has informed the Foreign Investment Promotion Board (FIPB) that it is interested in acquiring Bharat Shell Ltd.'s LPG business. It has sought permission for Butagaz International BV to set up a wholly-owned subsidiary in India for ... More CORPORATE GOVERNANCE 
Business must focus on ethics: Krishan KantTHE ethical dimension of business cannot comprise seeking unlimited profit and it is important that the sense of responsibility in Indian business which has been its most distinguishing mark should be allowed to return. Inaugurating the ... More REGULATORY BODIES & RULINGS Change ordered in enquiry notice to chemical cos THE Monopolies & Restrictive Trade Practices Commission has directed modification of the notice of enquiry (NoE) issued against some chemical companies. The companies are Modi Alkalies & Chemicals Ltd, Shri Ram Consolidated Ltd, Punjab Alkali & ... More ALLIANCES & JOINT VENTURES Ranbaxy tie-up with Wockhardt: Chasing $ dream THE Ranbaxy-Wockhardt strategic business alliance for the US market, covering two products could have "more than what meets the eye." Analysts are of the opinion that it could be a precursor to a larger game plan by both the frontline pharma ... More EVENTS Pharma sector told to focus on brand protection MR Justice A.K. Sikri of the Delhi High Court has cautioned the domestic industry against complacency and advised it to step up efforts to preserve Oriental knowledge in medicines if it were to survive in the brand protection race. Addressing a ... More
OUTLOOK Microland targets 60 pc growth MICROLAND Ltd, which recently regrouped its offerings, is targeting a growth of 50 to 60 per cent for the next financial year, according to Mr M.S. Rangaraj, Head, Marketing. The company is likely to end the current year with revenue of about ... More
Alfa Laval hopes to gain from ethanol in petrol
Proxy Systems to develop criminal tracking devices PERFORMANCE Chefair bags contract EVEN as the disinvestment of Hotel Corporation of India is under way, the corporation has picked up additional catering business from Air India, which will help further improve its botttomline. HCI is a wholly-owned subsidiary of Air India ... More ECONOMIC OFFENCES Foreign cos face tough action on tax defaults -- Assets abroad targeted for recovery of dues THE Finance Ministry is set to adopt a carrot and stick policy on foreign companies operating here. Close on the heels of proposing a cut in the corporate tax rate on foreign companies from 48 per cent to 40 per cent, the Ministry has also firmed ... More TRENDS Time to regulate auditing profession? LAST week, the Government issued directions to the Securities and Exchange Board of India (SEBI) to achieve its objective, perhaps for the second or third time in the decade-old existence of the capital market regulator. Exercising the powers ... 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 Mar. 3-Mar. 9 Aptech to consolidate overseas operations -- Plans Rs 10-cr expansion Reliance Ind, Petro boards fix merger swap at 1:11 Electrosteel Castings gains control of two Lanco cos Violation of SCRA -- Interim dividend rush kicks up row Tata Engg unveils 7-seater `Indiva' SEBI told to ensure cos' compliance on interim SEBI tells SEs to act tough on dividends Siemens gung-ho; to invest $500 million Not all gloom & doom in India Inc After dividend rush come cancellations Hindustan Fertilizer Haldia unit staring at liquidation |
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