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Monday, March 18, 2002

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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
ICICI Infotech Services Ltd is looking for a local partner to set up a joint venture in China to target financial services sector. In the domestic market, ICICI Infotech may acquire a company that provides solutions for the mutual fund ... More

BPCL, Cummins Auto pact for maintenance services
BPCL, along with Cummins Auto, will draw up annual maintenance service contracts for truck fleets and provide services such as spare parts, towing and preventive maintenance at selected outlets. More

INTERVIEW


Seshasayee Paper: Marketing without undue pressure
Prices 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
Celebrating its 50th anniversary, The Ford Foundation's Rs 220-crore new development grant for India will be exclusively targeted towards the most disadvantaged groups such as adivasis, dalits and women. Towards this end, the grant will be ... More

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

Sandvik Coromant lines up tooling solutions range
SANDVIK Coromant, a part of the diversified Swedish corporation — Sandvik, has lined up a range of latest tooling solutions for precision-driven designs and for development of products. The branch head of Sandvik, Mr D.K. Mohan, said the ... More


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Top Stories
Nestle set to `adapt' to consumer's purse


MTNL to invest Rs 300 cr in ITI -- Deal may prove a win-win for both

Seshasayee Paper: Marketing without undue pressure

AMD gaining in chip market share

Investing in bear market -- A contrarian indicator

Indian Bank recap may come with riders

Will Govt bite the bullet on UTI reforms?

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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