Financial Daily from THE HINDU group of publications
Wednesday, March 27, 2002
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  • MphasiS board meet on April 9

    PREFERENTIAL ALLOTMENTS


    ETC shareholders okay pref issue to Zee Telefilms
    THE shareholders of ETC Networks Ltd have approved the issue of fresh equity to Zee Telefilms Ltd (ZTL) on a preferential basis. The company will be issuing 22.2 lakh equity shares of Rs 10 each at a premium of Rs 21.52 per share aggregating ... More

    India Cements Capital to raise Rs 10 crore
    INDIA Cements Capital & Finance Ltd proposes to raise Rs 10 crore by a preferential issue of equity shares to the promoters' group companies. It informed the Bombay Stock Exchange that at the meeting of the board of directors held on March 25, ... More

    CORPORATE BONDS


    Krishna Bhagya bond issue opens today
    EVEN though it had mobilised large funds for its irrigation project, the revision in the estimate due to escalation of the cost of the canal works and of rehabilitation and resettlement, had forced Krishna Bhagya Jala Nigam Ltd (KBJNL) to look ... More

    `LAAA' reaffirmed for TVS issue
    NEW DELHI: Credit rating agency ICRA Ltd on Tuesday said it has reaffirmed the `LAAA' rating for the non-convertible debenture (NCD) programme of T. V. Sundram Iyengar & Sons Ltd. The agency said it has also assigned the `MAAA' rating ... More

    RESTRUCTURING


    Wockhardt recast of Rhein Biotech venture complete
    WOCKHARDT Ltd has said that it has completed the restructuring of its joint venture with Rhein Biotech GmbH, called Wockhardt Rhein Biopharm. According to a press release, the company said that it has acquired 100 per cent ownership of the ... More

    MERGERS & ACQUISITIONS


    IOC to get Haldia Petro reins with 26 pc stake
    THE board of Haldia Petrochemicals Ltd has approved the entry of Indian Oil Corporation (IOC) with management control, bringing the curtains down on one aspect of the nearly two-year-old corporate drama. Mr Tarun Das, HPL Chairman, told ... More

    Pechiney to fully own Indian joint venture -- Plans Rs 70-cr alumina complex in Orissa
    THE French aluminium major, Pechiney, has firmed up plans to take the wholly-owned subsidiary route to undertake mining of bauxite in Orissa. For this, the company's existing joint venture company — Pechiney Aluminium Resources India ... More

    `Acquisition to boost Keane India biz'
    THE acquisition of SignalTree Solutions Holding by Keane Inc, a US-based software developer, would help the formers' Indian arm get more software outsourcing work, a top company official has said. Subsequent to the acquisition, SignalTree ... More

    Hindujas sell part of stake in IndusInd?
    THE Hindujas have reportedly sold a part of their stake in IndusInd Bank in negotiated deals. A top official of the bank said it was possible that the deal had taken place. It could, however, not be ascertained who bought the stake. The ... More

    Voltas okays merger of arms
    VOLTAS Ltd has informed the Bombay Stock Exchange that at the meeting of the board of directors held on Monday, the board approved the proposal for amalgamation of Virat Investment Company Ltd and Voltas Systems Ltd, wholly-owned subsidiaries of ... More

    Nod for Torrington, NRB Bearings merger
    NRB Bearings Ltd has informed the Bombay Stock Exchange that the board of directors at its meeting held on March 25, approved the scheme of amalgamation of NRB Torrington Ltd with NRB Bearings Ltd with effect from April 1, 2001. NRB Torrington ... More

    ALLIANCES & JOINT VENTURES


    Infosys ties up with Northwestern Mutual
    INFOSYS Technologies Ltd has announced its collaboration with Northwestern Mutual to develop and launch an online funds transfer option for Northwestern Mutual's variable life and annuity policy holders. Customers can now log on to More

    Britannia venture with NZ group
    BRITANNIA Industries Ltd has set up a joint venture entity with Fonterra Co-operative Group of New Zealand, called Britannia New Zealand Foods Private Ltd, in which the partners will hold 49 per cent stake each and two per cent stake to be held ... More

    INTERVIEW


    At Shree Cement, the focus is on asset creation: H.M. Bangur
    "We have dropped our plans of inducting a partner. We have decided to go ahead with our growth plans all alone. We do not need a foreign partner." More

    OUTLOOK


    `At current price levels, IOC will lose Rs 500 cr'
    INDIAN Oil Corporation (IOC) will face a loss of about Rs 400-500 crore annually if the current consumer price of petrol, diesel, kerosene and LPG are not revised and assuming the international crude price rules at $24 per barrel, according to ... More

    SGI India sees silver lining on the horizon
    THE lifting of the sanctions by the US on India in September last will see business operations for SGI India returning to normal early next year. After a gap of three years, the company expected regular business to come from the Government ... More

    ITH charting a new course
    WILL the decision to print net fares on airline tickets cause changes in retail travel. Yes, it will, says Mr Anil Bhandari, Managing Director, International Travel House Ltd (ITH). The latest move by the airlines has pushed the travel industry ... More

    GSPC net may rise 3-fold
    THE Gujarat State Petroleum Corporation (GSPC), where the Gujarat government currently holds 93.84 per cent equity, is slated to return a net profit of Rs 114.5 crore for the fiscal ending March 31, 2002. This will constitute over three-fold rise ... More

    Schwing Stetter eyes Rs 75-crore turnover
    SCHWING Stetter India Private Ltd has set a turnover target of Rs 75 crore for the year 2002, higher by 61 per cent from a turnover of Rs 46.64 crore in 2001. This will be possible with its Rs 18-crore facility in Irungattukottai near Chennai, ... More


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  • Top Stories
    Importers can rebook cancelled forward deals


    IOC to get Haldia Petro reins with 26 pc stake

    Pechiney to fully own Indian joint venture -- Plans Rs 70-cr alumina complex in Orissa

    Panel green signal for Bt cotton

    IRDA caps agency commission at 15 pc

    Insurers team up to fight 'rebate' menace

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Mar. 17-Mar. 23
    Watching action on the shopfloor — live: DSP finds a motivating tool for workforce

    Seshasayee Paper: Marketing without undue pressure

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

    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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