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Tuesday, March 26, 2002

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ACCIDENTS


Excel fire damage being assessed
EXCEL Industries Ltd has informed the Bombay Stock Exchange that a major fire broke out in one of the two main buildings of the corporate and registered office of the company on March 22. The mishap was immediately reported to the fire brigade ... More

ANNOUNCEMENTS


RPL proposes to set up 5,000 retail outlets
RELIANCE Petroleum Ltd (RPL) proposes to set up a marketing network comprising over 5,000 retail outlets. The company has submitted an application to the Government seeking permission to set up these outlets. According to a company official, ... More

KPCL order for Yokogawa Blue Star
BANGALORE:The Karnataka Power Corporation (KPCL) has awarded a Rs 6.5-crore contract to Yokogawa Blue Star for the supply and installation of DCS-based C&I package for their 210 MW Unit 7 at Raichur Thermal Power Station. The ... More

BUYBACK


HLL open to buyback; but not now: Banga
HINDUSTAN Lever Ltd (HLL) is open to a buyback of shares, though not in the immediate future. This was indicated by the company's Chairman, Mr M.S. Banga, to Business Line when asked whether HLL was considering a buyback of shares as ... More

Poor response from shareholders -- Heritage Foods to close buyback on March 28
THE Heritage Foods (India) Ltd offer to buy back shares from the open market has evinced poor response from shareholders. The company could purchase only about one lakh shares from the public till date as against the targeted purchase of 14 ... More

PRIVATE PLACEMENT


Rating may be mandatory for private placement
Unlike public issues, where it is essential to have the offer documents standardised, containing the mandated disclosures, there are no such norms to cover private placements issues. More

EXIM POLICY


Import under customs bond scheme -- ITC seeks review of Exim Policy
CONCERNED over the recent surge in import of contraband cigarettes, ITC Ltd has made out a case for reviewing the clause in the Exim Policy which allows import of cigarettes under customs bond for re-exports. At a meeting with the Revenue ... More

MANPOWER


Cummins India unveils VRS
CUMMINS India Ltd (CIL) has announced a voluntary retirement scheme for its employees and Cummins Diesel Sales and Services (India) Ltd, its subsidiary. The schemes opened today and will close on March 30. According to company officials, the ... More

RESTRUCTURING


HPL revamp to be delayed; board meeting today
THE financial restructuring of Haldia Petrochemicals Ltd (HPL), the three-way joint venture between the Chatterjee group, the Tatas and the West Bengal Government, will not be in place by March 31, 2002 as was hoped earlier. Although progress ... More

MERGERS & ACQUISITIONS


Bathina Tech may merge with Medical Information
BATHINA Technologies (India) Ltd., the Hyderabad-based technology company, is planning to merge with Bathina Medical Information Services Ltd, and is set to allot preferential shares to its Chairman, Mr.Rao V.Bathina. Bathina Medical ... More

REGULATORY BODIES & RULINGS


DCA for raising penalty rates
THE Department of Company Affairs (DCA) is weighing the option of increasing the rates of penalty levied on companies. ``The existing rates of penalties are absurdly low and don't act as a deterrent for the erring companies,'' DCA officials ... More

ALLIANCES & JOINT VENTURES


Macmillan collaborating with MDI-Gurgaon
AFTER launching online EDPs in collaboration with IIT-Delhi and NID, Macmillan India is now launching EDPs in collaboration with MDI-Gurgaon for courses on CRM-Concepts, tools and applications and e-business planning and implementation at More

PEOPLE


Gautam Thapar on Asahi board
NEW DELHI: Asahi India Safety Glass Ltd (AISGL) has inducted the Vice-Chairman & MD of Ballarpur Industries Ltd, Mr Gautam Thapar, as a director on the board of the company. According to a release issued here on Monday, Mr Thapar was ... More
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Top Stories
Bangalore leads in lead poisoning


EPCG, DFRC schemes -- Govt to relax norms for exporters

HLL open to buyback; but not now: Banga

Rating may be mandatory for private placement

Proposal to merge banking, insurance ombudsman schemes

Genetic modification: The growing debate

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Mar. 17-Mar. 23
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Consolidation among MFs: Time to tread cautiously

Bid to rejig manufacturing processes -- Production stopped at one Maruti unit

Restraint against joining proceedings in US -- Dabhol lenders get HC reprieve


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