The Hindu Business Line : Saturday, March 16, 2002

Atlas Copco okays buyback at Rs 150
THE board of directors of Atlas Copco India Ltd today approved an equity buyback of up to 25 per cent at not more than Rs 150 per share. The company has informed the stock exchange that it will shortly seek shareholder approval and a ... More

MANPOWER

VRS for Ashok Leyland Ennore plant staff
Workers can opt for a monthly payment scheme which would be payable for the balance months of service remaining with the company. More

MERGERS & ACQUISITIONS

Millennium Alcobev to buy 3 more breweries
MILLENNIUM Alcobev Ltd is set to acquire three more breweries. This will enhance its manufacturing capacity to 1.5 hecto litres or 18 million cases. Mr Ravi Kaza, Vice-President, Sales and Marketing, told Business Line that the ... More

Reliance to seek shareholders' nod for RPL merger
RELIANCE Industries Ltd will seek shareholders' approval for the amalgamation of Reliance Petroleum Ltd with the company on April 8. The Mumbai High Court on Friday directed the company to hold a shareholders' general meeting to seek the ... More

French co to buy 50% stake in Voltas arm
SERMO Montaigu of France will acquire 50 per cent stake in Perfect Moulds Ltd (PML), a wholly-owned subsidiary of Voltas Ltd, in two phases. Initially, Sermo will acquire 35 per cent stake from Voltas for a consideration of Rs 2.1 crore. ... More

CORPORATE GOVERNANCE

ICSI clears `grey areas' in shareholders' meet
THE draft Secretarial Standard - 2 (SS-2) on companies' general meetings of shareholders, finalised recently by the council of the Institute of Company Secretaries of India (ICSI), is very much within the scope of the Companies Act, 1956. But, ... More

10 tips from black hole
WHEN a big ship sinks, it invites all that surrounds it to the abyss. It is the same case with Arthur Andersen, now caught in the whirlpool of Enron muddle. Even as the world tries to write it off in a hurry, the accounting firm has launched a ... More

NEW PROJECTS

Dr Reddy's Yanam unit on stream
THE new formulations unit of Dr Reddy's Laboratories Ltd, the Hyderabad-based pharma major, commenced commercial operations on Friday. The unit, located at Yanam in Pondicherry, has a capacity of 20-million capsules and 50-million tablets a ... More

ALLIANCES & JOINT VENTURES

IIT-Mumbai, Compaq set up e-com lab
IIT- Mumbai and Compaq India have announced the launch of the Compaq e-Commerce Expertise Lab at IIT-Powai to carry out research and development applications for e-commerce in the Alpha Unix environment. Compaq has provided the IT ... More

SHV renews LPG contract with Haldia Petrochem
SHV Energy India Private Ltd, part of the SHV group, which is among the world's largest LPG distribution companies has renewed its tie-up with Haldia Petrochemical Ltd (HPL) for buying LPG He said SHV would be HPL's preferred customer for LPG. ... More

Braahmam ties up with Intralearn
HYDERABAD: Braahmam Net Solutions, a two-year-old company offering e-learning solutions, has entered into a tie-up with The Boston Group (TBG)-promoted Intralearn to facilitate delivery of customised courseware to users. According to ... More

RIGHTS ISSUES

BILT seeks FIPB nod for rights renunciation
BALLARPUR Industries Ltd (BILT), the L.M. Thapar group flagship company, has sought Foreign Investment Promotion Board's (FIPB) approval to permit resident shareholders to renounce their entitlement in the proposed Rs 240.4-crore rights issue of ... More

SICK UNITS

NTC revival awaits BIFR verdict
THE Union Textile Minister, Mr Kashiram Rana, on Friday told the Lok Sabha that the revised revival package of the National Textile Mills (NTC) could be implemented in a couple of months once the Board for Industrial and Financial Reconstruction ... More

TRENDS

Fall in number of cos registered during January
THE declining trend continued in January too, with the number of companies registered under the Companies Act, 1956 dipping compared to the same period last year. During the month, the number of registrations declined to 1,930 as against 1,981 ... More

Cos now say it in style
PARKING stickers, chewing gum and soap bars doubling up as press invites seem to be passe. Now, there appears to be a clear shift towards creativity and differentiation, visible even at press conference venues. Take FMCG giant Hindustan Lever. ... More