Financial Daily from THE HINDU group of publications
Thursday, March 21, 2002
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Financial Daily from THE HINDU group of publications Thursday, March 21, 2002 |
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CORPORATE ANNOUNCEMENTS Jessop EGM okays issue of demat shares THE issue of shares in dematerialised form was okayed by the shareholders of the engineering PSU - Jessop & Co - at an extraordinary general meeting on Wednesday. Jessop is now going through the divestment process and 74 per cent of its equity ... More
BHEL-Hyderabad develops gas turbine for China COURTS/LEGAL ISSUES Dabhol lenders cross swords over jurisdiction DABHOL Power Company's (DPC) Indian and foreign lenders appear to be headed for a conflict over legal jurisdiction on the company's assets. Indian lenders to Enron's DPC have moved the Mumbai High Court saying that matters related to the ... More
`Company court has powers to initiate prosecution' ACCOUNTANCY MCD to switch over to double-entry system -- Signs MoU with ICAI-ARF; project to cost Rs 4.5 cr THE Institute of Chartered Accountants of India-Accounting Research Foundation (ICAI-ARF) has signed into a memorandum of understanding (MoU) with the Municipal Corporation of Delhi (MCD) for conversion of the latter's accounting system to a ... More ENVIRONMENT 
A service charterClean and secure environment is a preponderant asset for any developmental activity. Only if the balance between environment and development is struck can there be harmony and prosperity. Though the disturbing trend in the 20th century, which has ... More
TAXATION New tax norms may put pressure on cos "This is like the entire Bamboo Villa (where the TDS section of the department is located) work being shifted to the head offices of the corporate houses all on a sudden. Salary compilation for taxation heads of companies would now become more comple x, and "tax audit a veritable nightmare." More MANPOWER M&M to offer VRS to officers MAHINDRA & Mahindra Ltd (M&M) today informed the Bombay Stock Exchange that it has decided to announce a voluntary retirement scheme (VRS) for its officers. The company has roughly 2,700 officers. In its statement to the bourse, M&M attributed ... More CORPORATE BONDS Neepco plans to mop up Rs 60 cr from bond issue NORTH-EASTERN Electricity Power Corporation (Neepco) has entered the capital market with a private placement of secured, tax-free, redeemable non-convertible bonds to mop up Rs 60 crore. The tax-free 10-year bond, with a coupon of 9.85 per cent ... More RESTRUCTURING Bid to rejig manufacturing processes -- Production stopped at one Maruti unit MARUTI Udyog Ltd has stopped production at one of its three manufacturing plants and transferred most of its production facilities to the other two as part of its efforts to "reorganise manufacturing processes" in the next financial year. A ... More
Phillips Carbon mulls revamping three arms -- `Buyback not on the anvil' MERGERS & ACQUISITIONS Tatas to hike stake in Voltas to 26 pc THE Tata Group is looking to further increase its stake in Voltas Ltd, the air-conditioning and refrigeration company, to 26 per cent after having recently increased the same to 24 per cent. According to company officials, the Tata Group might ... More
Tyre Cord merges with SRF Ltd ALLIANCES & JOINT VENTURES ITC Info in pact with Sun Micro ITC Infotech has entered into an alliance with Sun Microsystems to set up a Proof of Concept (PoC) centre for solutions on Sun's iPlanet platform. It will also set up a learning centre in Bangalore to train systems integrators on using the ... More EVENTS Award for corporate social responsibility mooted THE Secretary-General of the South Asian Association of Regional Cooperation (SAARC), Mr Q.A.M.A. Rahim, on Wednesday asked the corporate sector to think of instituting an award that would recognise the business community in the region especially ... More SOCIETY & DEVELOPMENT 
Social responsibilites of corporates -- Investing in social bettermentThe Indian public sector has always been involved in the social sector, as part of its agenda of must do functions. Although there has been no compulsion in the private sector to get involved with the community and the social sector, the Birlas ... More
Polio — no longer a scourge
Serving the needy
STANDARDS & BENCHMARKS Rane Engine gets ISO 14001 RANE Engine Valves Ltd, part of the Chennai-based Rane group, has received ISO 14001 certification from RWTUV, Germany, for its environment management policy and systems in all its five manufacturing locations. The company had earlier been ... More SICK UNITS Modern Foods revival plan okayed THE Board for Industrial & Financial Reconstruction (BIFR) has approved the rehabilitation package submitted by Modern Food Industries (India) Ltd (MFIL). MFIL was the first Government company to be privatised. In a hearing held in January, ... More OUTLOOK Mascot upbeat on prospects A surge in new orders, better manpower utilisation and foray into embedded technology have helped Mascot Systems glide over the doldrums of slowdown. ``The worst is over'', its Chief Financial Officer, Mr Gopal Krishnamurthi, said. "New ... More
BPCL signs MoU with Ministry PERFORMANCE PEOPLE Dr Norton Peet to take charge at Aurigene Discovery AURIGENE Discovery Technologies, the wholly-owned subsidiary of Dr Reddy's Laboratories, has appointed Dr Norton P. Peet as its Chief Executive Officer. Dr Peet, who will join Aurigene on April 1, was Vice-President of Discovery Alliances at ... More TRENDS Dividend tax no damper on payout THE proposal to tax dividends in the hands of shareholders is unlikely to lead to any significant decrease in the dividend payouts by companies. Tax incidence does not appear to be a factor in dividend policy decisions of companies. The ... 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. 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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