Financial Daily from THE HINDU group of publications
Thursday, May 02, 2002
Financial Daily from THE HINDU group of publications Thursday, May 02, 2002 |
|
|
|
|
|
CORPORATE ANNOUNCEMENTS Essar Oil in talks to import petro products ESSAR Oil Ltd (EOL) has begun negotiations with companies in the US and West Asia for importing petroleum products. This is besides its plan to buy them from domestic oil majors as part of its preparation for entering the retail business. The ... More
Hind Motors to accept booking for Pajero soon
Bengal Chemicals may soon have foreign ally
Electrovaya scouting for marketing partner
Mecon completes JSPL blast furnace in record time
RSP blast furnace repairs completed on schedule
ACCOUNTING STANDARDS CAs need not suggest method for computing arm's length price CHARTERED Accountants are not required to ensure that the method used by an assessee for determining the arm's length price is the most appropriate method. They are also not required to suggest the most appropriate method for determining the ... More
PRIVATE PLACEMENT Cochin Airport directors to raise stake to 26 pc FIVE directors of Cochin International Airport Ltd (CIAL) have decided to make an additional investment of Rs 22 crore in the company to raise their stake to 26 per cent. The directors, who met here last week, had agreed to complete the ... More PREFERENTIAL ALLOTMENTS Natco shareholders okay pref offer to promoters, FIs THE shareholders of Natco Pharma Ltd (NPL), the Hyderabad-based pharmaceutical major known for its timed-release technology, have approved the proposed preferential offer to the promoters' group and also conversion of overdue interest into ... More COURTS/LEGAL ISSUES Jessop suspension order stayed MR Justice Bhaskar Bhattacharjee of the Calcutta High Court, by an ad-interim order, stayed the suspension order issued to Mr Alok Bramhachari, Jessop & Co Ltd employees' leader. The order of suspension was issued by Jessop management on March ... More RESTRUCTURING DSQ Soft to ready revamp plan soon The restructuring could result in hiving off one or more business divisions, or spinning off by way of transfer to a new entity or sale of non-strategic division. More MERGERS & ACQUISITIONS BPL may bid for SCI with foreign partner THE TPG Nambiar-promoted BPL group is entering into unrelated areas as part of its new strategic business initiatives. The group, which pitched for 51 per cent stake in Shipping Corporation of India (SCI) following the Centre's divestment ... More
KPIT, Cummins boards okay merger plan
Takeover norms: ICSI wants panel proposals modified
Srei takes 8.7% stake in Feedback NEW PROJECTS Arvind plans $4.5-m spinning unit in Mauritius ARVIND Mills Ltd (AML) is planning to put up a $4.5- million, 16 tonnes per day, yarn spinning unit in Mauritius. The unit is slated to come up in the same complex that houses the 10 million metre per annum denim unit operated by Arvind ... More REGULATORY BODIES & RULINGS Safeguards likely in SEBI's search & seizure powers Following the resistance of the Department of Company Affairs (DCA) to the proposal in the earlier Cabinet note to grant search and seizure powers to SEBI, the Ministry has recommended that such powers be exercised only after obtaining the approval o f the SEBI board. More TRADE & LABOUR UNIONS ALLIANCES & JOINT VENTURES Intel tie-up with Wipro INTEL announced a marketing and technology alliance with Wipro Infotech to deliver capability in the mid-tier and high end server market segments. Intel will also support Wipro's eBusiness Proof of Concept centre in its Sarjapur facility. The ... More
Wipro, Blockade in alliance
Grapecity, Component One ink pact INTERVIEW 
`Consumer-centric marketing has helped Marico Industries'"There are umpteen number of feelers you get for smaller brands, but many of them have obscene expectations on price. Over a period of time, some of them would be amenable to acquisitions or alliances. We see opportunities developing over the current year." More SICK UNITS ICSI moots changes in Bill provisions on sick units Mr S. Gangopadhyay, President of ICSI, making a presentation at a recent workshop here on the Companies Amendment Bill, 2001, suggested that instead of a panel of auditors, the proposed panel should comprise chartered accountants, company secretaries and cost accountants. More
Bells Controls to reopen today
BIFR stand on Jessop puts Govt in a spot
Show-cause to be issued for Tata Construction wind-up OUTLOOK ECIL hopeful of Rs 700-cr turnover this fiscal ELECTRONICS Corporation of India Ltd (ECIL) is hopeful of recording a turnover of at least Rs 700 crore during the fiscal 2002-2003. In 2001-2002, the State enterprise notched a turnover of Rs 675 crore and a pre-tax profit of Rs 75 ... More PERFORMANCE SCI to pay 35% interim SHIPPING Corporation of India (SCI) will pay an interim dividend of 35 per cent (about Rs 100 crore) to the Union Government before the company is privatised by the end of June. The board of SCI, which met in Mumbai on Tuesday, took the ... More
Honda Siel sales up
GM April sales rise 40 per cent
Bajaj Auto 2/3-wheeler sales up 15% PEOPLE 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 Apr. 21-Apr. 27 Dipping mining sector fortunes forced Atlas Copco's hands? Dabhol: GE won't budge on surety Satyam Q4 net up 3.42% -- Co sees 18-20 pc growth this fiscal HDFC Standard does Rs 1,266-cr business |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home | Copyright © 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |
