The Hindu Business Line : Friday, March 15, 2002

CDSL cuts transaction fees
FOLLOWING the cut in tariffs by NSDL, the Central Depository Services India Ltd today announced its revised charges. The new tariff rates will be effective from May 1. The new tariffs structure includes doing away with 0.005 per cent tariff on ... More

India brand equity corpus at Rs 136 cr
THE India Brand Equity Fund (IBEF), set up by the Ministry of Commerce in 1996, currently has a corpus of Rs 136 crore, Mr. J.S. Tiwana, Director, India Brand Equity Fund Trust, said. The fund, which was started with an initial grant of Rs 50 ... More

Zicom bags AP order for fingerprint device
ZICOM Electronic Security Systems Ltd has bagged an order worth Rs 1 crore from the Government of Andhra Pradesh for a biometrics-based solution for fingerprint authentication. The application is for use at the various Backward Class Commission ... More

PSL Holdings bags GAIL order

HM cuts Lancer parts prices

RESTRUCTURING

Britannia gets nod for hiving off dairy business
BRITANNIA Industries Ltd (BIL) has received the go- ahead from the Government to hive off its existing dairy business and concentrate on bakery and confectionery products. The existing dairy business of BIL will be transferred as an ongoing ... More

HLL to reorganise export operations
HINDUSTAN Lever Ltd (HLL) is reorganising its export operations from end April 2002. The reorganisation is based on recommendations of Mr V. Balaraman, Director - Exports, HLL, who is retiring from the company end-June 2002. ``The ... More

MERGERS & ACQUISITIONS

Padmalaya open offer at Rs 148.50
PADMALAYA Enterprises Pvt Ltd (PEPL) and Zee Telefilms Ltd (ZTL) are making an open offer to the shareholders of Padmalaya Telefilms Ltd (PTL) to acquire 21 lakh shares of Rs 10 each representing 20 per cent stake, at Rs 148.50. PTL's equity ... More

Zee-Padmalaya deal becoming `passe'
TWO days after Zee Telefilms Ltd (ZTL) announced its intent to acquire a 32.8 per cent equity stake in Padmalaya Telefilms Ltd (PTL) for Rs 59 crore, the deal is becoming `passe' for equity analysts tracking the sector. The fault, they say, is ... More

NEW PROJECTS

RPG Cellular in expansion mode
RPG Cellular Services Ltd plans to invest Rs 50 crore to expand its infrastructure in Chennai to increase its penetration in the city. According to Mr Dilip R. Mehta, Managing Director, RPG Cellular, the expansion programme will be carried out ... More

Durgapur Steel plans Rs 100-cr investment on finishing mill
DURGAPUR Steel Plant (DSP) is keen to set up a finishing mill at an investment of around Rs 100 crore to address the problem of increased quantum of semis in its saleable steel output. DSP sources told Business Line that Mecon had been ... More

REGULATORY BODIES & RULINGS

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ALLIANCES & JOINT VENTURES

Bharti Tele signs licence pact for international calls
BHARTI Telesonic Ltd has signed the licence agreement with the Department of Telecommunciations (DoT) for international long-distance (ILD) services, which has been opened up for competition starting April 1. This makes it the second telecom ... More

General Motors, IISc pact for R&D
GENERAL Motors Corporation and the Indian Institute of Science (IISc), Bangalore, have created a collaborative laboratory to research automotive structural materials and manufacturing process, according to a company release. GM will invest ... More

Opencast project in Jharkhand -- Met-Chem keen to partner Eastern Coal
THE Montreal-based Met-Chem is keen on associating itself with the ailing Eastern Coalfields Ltd of Coal India Ltd for developing the four-million-tonne per annum capacity Chuperbhita opencast coal project in Godda district of Jharkhand. The ... More

TCS ties up with InternetSpeech
MUMBAI: Tata Consultancy Services (TCS) has entered into an agreement with InternetSpeech to offer its voice Internet technology — netECHO. According to a company release, netECHO is the only software to date that allows ... More

STANDARDS & BENCHMARKS

Accreditation for L&T Gujarat cement works
LARSEN & Toubro Ltd has obtained the `European Standard CEM I 42.5R' accreditation for its Gujarat cement works, according to a statement from the company. The accreditation, given by Bureau Veritas Quality International Espana SA of Spain, was ... More

PERFORMANCE

Shift to high-margin bazaar sales does the trick -- Tide Water hopes to double profit
TIDE Water Oil Co (India) Ltd (TWOL), a member of the Andrew Yule group, is poised to achieve a nearly 100 per cent increase in profit before tax (PBT) at over Rs 10 crore for the current financial year, against the Rs 5.5 crore achieved in the ... More

NFL upgraded to Schedule A co
NATIONAL Fertilisers Ltd (NFL), a `mini ratna' category-I public sector undertaking (PSU) which enjoys a 13 per cent market share in the total nitrogenous fertilisers produced in the country, has been upgraded from Schedule B to a Schedule A ... More

Duncans may be forced to close down fertiliser unit
THE fertiliser unit of Duncans Industries Ltd, the flagship of Mr Gouri Prasad Goenka's group, may be closed down by this month end if the Allahabad High Court upholds the Union Government's claim of Rs 200 crore for faulty calculation of ... More

PEOPLE

Former GSPC boss to join Adani
Among the immediate businesses being contemplated by the Adani group is an entry into the exclusive club of Special Economic Zones. More

PR honour for Lamina Chairman

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