Financial Daily from THE HINDU group of publications
Friday, May 10, 2002
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Financial Daily from THE HINDU group of publications Friday, May 10, 2002 |
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CORPORATE ANNOUNCEMENTS Induss Food in talks to upgrade rice mills Induss Food Products & Equipments Ltd, the country's largest manufacturer of rice mill equipment, will soon forge a technical collaboration agreement with a European company for facilitating upgradation of technology in the domestic rice mill ... More
Electrolux Kelvinator Gurgaon plant closed
Bajaj Electricals suspends work at Matchwel unit
Exide Ind's Hosur unit to resume full operations soon
PREFERENTIAL ALLOTMENTS Pending insider trading charges -- Silverline move to hike promoter stake stalled THE Foreign Investment Promotion Board (FIPB) has put on hold Silverline Technologies Ltd's application seeking permission to increase promoters' stake in the company through the preferential allotment route because of the insider trading charges ... More ESOPS Shares thru salary at Nicco IN a bid to prop up share price, increase floating stock and also create a cost-free corpus, the cash-starved Nicco Corporation Ltd has decided to issue shares to all its employees against 10 per cent of their salary. The decision was taken at ... More COURTS/LEGAL ISSUES BP, Castrol plea against SAT order rejected THE Mumbai High Court has upheld the Securities Appellate Tribunal (SAT) order asking BP Plc and Castrol India to pay interest at 15 per cent per annum from August 8, 2000, to the shareholders of Castrol India and Foseco Plc India Ltd. SAT's ... More MANPOWER Somasundara mill workers unhappy with new VRS plan THE National Textile Corporation (NTC) in Tamil Nadu has introduced a voluntary retirement scheme (VRS) for its workers employed in the city-based Somasundara Mills, slated for closure and disinvestment. But the 600-odd workers in the unit ... More RESTRUCTURING Advani Hotels mulls rights, awaits strategy ADVANI Hotels & Resorts India Ltd, which has appointed an advisor on restructuring, is considering various options, including a rights issue, to raise resources for working capital. A board meeting has been scheduled to finalise the details of ... More
MERGERS & ACQUISITIONS Panel for exempting pref issue from takeover code MOVING away from its earlier view, the SEBI takeover committee headed by Mr Justice P N Bhagwati has recommended exemption of preferential issue from the takeover code. Earlier, the committee was in favour of bringing preferential issues under ... More NEW PROJECTS TPL in talks with Vantico to exit Petro Araldite TAMILNADU Petroproducts Ltd (TPL) is in negotiations with its new joint venture partner, Vantico, to sell off its stake in the joint venture — Petro Araldite Pvt Ltd. It is about three years since Petro Araldite's Rs 87.50-crore epoxy ... More REGULATORY BODIES & RULINGS ALLIANCES & JOINT VENTURES Masibus ties up with Navision for ERP solutions THE Gandhinagar-based software company, Masibus India, on Thursday announced its tie-up with the Indian arm of the Danish enterprise software firm, Navision. It was on Tuesday that Microsoft announced its offer to buy out Navision for a ... More
SKF launches auto bearings kit
Rational, IBM knowledge centre STANDARDS & BENCHMARKS 
Climbing the learning curve to qualityINDUSTRY leaders articulating what had worked in their own organisations to help them become institutes of quality marked the one-year celebration of CII's Institute of Quality here on Thursday. In his keynote address, Mr N.R. Narayana Murthy, ... More SICK UNITS Trayons revival hopes dashed `DIL's proposal is not a proposal for the revival of Trayons. It is a list of demands for the establishment of pulp and fibre plant.' More OUTLOOK Pantaloon to focus more on film sector RETAIL major Pantaloon Retail (India) Ltd has identified the entertainment sector as a prime area for business growth. Over the next few years, film production will contribute substantially to the company's bottomline. The entertainment ... More
Exide lists out priorities for charged-up show PERFORMANCE First year after sell-off to Sterlite -- Strike, power shave Balco profit AFTER the first full year under the Sterlite management, which took over Bharat Aluminium Company Ltd (Balco) in March 2001, Balco has reported a profit of Rs 87 lakh for fiscal 2001-2, down 98.44 per cent compared to Rs 55.72 crore recorded in ... More
SAIL sales surge in April despite increasing prices 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. 28-May. 4 `Usha Intl making the most of China factor' DoT, FIs may oppose Batata-BPL merger IOC, Reliance, Nirma bid for IPCL stake Safeguards likely in SEBI's search & seizure powers Colour dot labels for cosmetics in, drugs out M.S. Oberoi dies at 103 Andersen partners join Ernst & Young -- Business consulting kept out Cement sector output crosses 100-mt mark |
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