Financial Daily from THE HINDU group of publications
Monday, March 18, 2002
Financial Daily from THE HINDU group of publications Monday, March 18, 2002 |
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CORPORATE ANNOUNCEMENTS Hazira gas reserves revised upwards by 6 b cu. m THE revised gas reserves at the Hazira fields have been set at 8.5 billion cubic metres. This signals a 6 billion cu. m rise from the earlier established reserve position of the field at 2.5 billion cu. m, putting Hazira among some of the large ... More CORPORATE BONDS Hudco seeks to float capital gains tax-free bonds HOUSING and Urban Development Corporation Ltd is planning to approach the Finance Ministry seeking permission to float capital gains tax exemption bonds, which gives tax breaks to investors who have made capital gains. If this proposal is ... More RESTRUCTURING Dipping into share premium a/c -- Tata Engg to hold EGM on March 27 to get nod TATA Engineering and Locomotive Company Ltd is holding an extraordinary general meeting on March 27 to obtain the approval of its shareholders for using Rs 1,180 crore from its share premium account as a part of the scheme of financial ... More MERGERS & ACQUISITIONS MTNL to invest Rs 300 cr in ITI -- Deal may prove a win-win for both MAHANAGAR Telephone Nigam Ltd proposes to invest Rs 300 crore in the cumulative preference share capital of the State-owned telecom equipment manufacturing company, ITI Ltd. According to official sources, the preference shares will be ... More OVERSEAS INVESTMENTS Premium narrows for most ADRs INDIAN ADRs ended on a rather weak note last week on the US markets which displayed mixed trends. While the Dow Jones Industrial Average finished the week on a positive note at 10,607.23 against the previous week close of 10,572.49, the ... More REGULATORY BODIES & RULINGS Financial details of arms: DCA against waiver THE Department of Company Affairs (DCA) is not in favour of doing away with the current requirement of enclosing the financial statements of subsidiaries along with that of the holding companies in the latter's annual reports. "The Department ... More ALLIANCES & JOINT VENTURES Virtual wallet fom Vodafone, T-Mobile Consumers will chose their personal details and preferred payment options such as debit or credit cards or bank accounts and store them in a virtual wallet, which will be maintained on a mobile phone. More
ICICI Info in talks for China venture
BPCL, Cummins Auto pact for maintenance services INTERVIEW 
Seshasayee Paper: Marketing without undue pressurePrices of pulp and paper are soft all around the globe. Industry expects a pick-up in demand by the second half of the next financial year. With this, prices of both paper and pulp will move up. At SPB, we are targeting a production of over 1,10,000 tonnes for the coming year. New grades of paper will also be introduced. More SOCIETY & DEVELOPMENT The gift of childhood Christel House in Bangalore, an effort by the Confederation of Indian Industry, helps underprivileged children break the cycle of poverty. Aditi De on its efforts. More
Grant for focus PEOPLE Cos seek review of changes made in remuneration norms THE corporate sector has urged the Government to review the recent amendments made in managerial remuneration norms. "In a move to facilitate companies to decide on payment of minimum remuneration with the approval of shareholders, the ... More TRENDS Few cos yet to fall in line with `interim' fiat DSE officials said that there was little that could be done because going by the letter of the law, these companies could pay a fine of Rs 1,000 each and escape. More NEW PRODUCTS & SERVICES HPF launches digital imaging, laser print films THE sinking integrated photo film manufacturing unit Hindustan Photo Films Manufacturing Co Ltd (HPF) is striving to make a comeback with the launch of newer products like the digital imaging films (DIF) for medical diagnostic systems, ink-jet ... More
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Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Mar. 10-Mar. 16 Interim dividend revocation: The debate continues Dividend tax stays: Sinha Foreign cos face tough action on tax defaults -- Assets abroad targeted for recovery of dues MTNL may take stake in Sri Lanka Telecom Mauritius company to buy Hind Lever seed business Britannia gets nod for hiving off dairy business |
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