Financial Daily from THE HINDU group of publications
Wednesday, April 24, 2002
Markets (April 23)
BL 2501141.84 (+3.92)
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Dollar (Buy/Sell)48.94/49.07
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  • M&M vehicles for Karnataka police dept

    AUDITING


    Cos allowed 135 days for cost audit records
    A COST report, submitted on or after October 1, 2002, has to comply with the Government's Cost Audit Report Rules, 2001 irrespective of the financial year of the company to which it will relate. This has been mandated by the Institute of Cost and ... More

    COURTS/LEGAL ISSUES


    HC pulls up MRF for `circumventing' order
    In a case pertaining to the punishment of an employee of the Chennai-based tyre giant MRF Ltd, the Madras High Court has directed the company officials to withdraw the order of punishment against the petitioner, and has further ordered that the ... More

    MERGERS & ACQUISITIONS


    `Disregard MNCs' plea for waiver of divestment clause'
    NOTWITHSTANDING representations from a slew of multinational companies including Coca-Cola for a waiver of the mandatory divestment clause, the Standing Committee on Finance has made it clear that the Government should not concede to such ... More

    DEA to re-examine Citibank Overseas stake in e-Serve
    THE Department of Economic Affairs (DEA) will re-examine the proposal put forward by Citibank Overseas Investment Corporation (COIC) to increase its stake in e-Serve International Ltd through the creeping acquisition route. The decision to ... More

    NEW PROJECTS


    GER Vasavi group mill to flag off loom shed in July -- TIDCO gets nod to pick up stake
    THE Rs 377-crore, 100 per cent export-oriented, composite textile mill promoted by the Hyderabad-based GER Vasavi group is set to commission its loom shed in July and the project will be fully commissioned in April/May 2003, according to reliable ... More

    REGULATORY BODIES & RULINGS


    Hotel complex is property of Mashobra Resort: CLB
    THE Principal Bench of the Company Law Board (CLB), while considering a petition filed by EIH Ltd against Mashobra Resort Ltd and the Government of Himachal Pradesh, has stayed the decisions taken at the board meeting of Mashobra Resort on March ... More

    Cochin Malabar told to maintain status quo on sale of estate
    THE Debt Recovery Tribunal has asked the management of Cochin Malabar Estates & Industries Ltd to "maintain status quo'' and hold back its plans to sell its largest rubber estate. Industry sources said the order was passed in the second week of ... More

    EVENTS


    Crucial board meeting of Haldia Petro on April 30
    THE board of Haldia Petrochemicals Ltd (HPL) will be holding its first meeting of this fiscal on April 30, according to sources. The meeting is being held in the backdrop of a rather depressing scenario for the company. While, on the one hand, ... More

    SICK UNITS


    SIV workers rush to close LIC policies
    THE management of the erstwhile viscose fibre manufacturing major, SIV Industries, has informed its workers to remit their insurance premia dues directly to the corporation, expressing its inability to pay this due. Following this, there has ... More

    OUTLOOK


    Tata Steel: Will EVA-positive aim rule out sizeable investments?
    Does it mean that for Tata Steel, emerging EVA-positive is the only consideration and that till it reaches that stage, it will avoid new asset creation? More

    Ranbaxy Lab bets on nutraceuticals
    THE potential of nutraceuticals has not escaped the eye of pharma big-guns. And now, it is Ranbaxy Laboratories Ltd (RLL) that has lined up plans for nutraceuticals business in the dietary supplements and OTC (over-the-counter) segment. Top ... More

    TRENDS


    Dip in registration of cos limited by shares
    NEW DELHI: There has been a progressive decline in the registration of companies limited by shares due to the economic slowdown. The number of companies limited by shares registered during 1999-2000, 2000-01 and 2001-02 was 31,289, ... More
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  • Top Stories
    Wearing health on your sleeve


    Oriental Insurance set to restructure workforce

    New routes for tax evasion -- Debt tools misuse under scrutiny

    Govt move on curbing rubber import fails -- Over 40,000 tonnes shipped into the country

    DoT alarmed by phone surrenders

    India tops list in launching anti-dumping probes

    Reliance Q4 net dips 11.5% to Rs 672 cr

    HCL Tech Q3 net up 2 pc -- Other income doubles to Rs 41.3 cr

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Apr. 14-Apr. 20
    `Refineries must be lively `n' large to survive'

    Revenue Dept for restoring I-T breaks on dividends

    Caltex gets buy-out okay with 5-yr rider


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