Financial Daily from THE HINDU group of publications
Friday, May 10, 2002
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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
ELECTROLUX Kelvinator Ltd has informed the Bombay Stock Exchange that the Gurgaon plant stands closed effective closing working hours of April 30. Earlier, the company had informed BSE that the board of directors decided to relocate the ... More

Bajaj Electricals suspends work at Matchwel unit
BAJAJ Electricals Ltd has informed the Bombay Stock Exchange that for want of orders for product(s) manufactured at its Matchwel unit at Pune, the company has suspended operations for a period of at least one month with effect from May 4 to June ... More

Exide Ind's Hosur unit to resume full operations soon
EXIDE Industries Ltd's Hosur plant, where the workers have been on strike since December last year, will soon resume normal operations, according to Mr S. B. Ganguly, Chairman of the company. ``We will shortly sign an agreement with the ... More

  • Cadbury sells land at Thane for Rs 11 cr

    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

  • Kerala: New co replaces Norkwa

    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


  • Filing of returns by foreign firms

    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
    SKF Bearings India Ltd has announced the launch of special automotive bearings kits for the replacement market and has entered into a partnership with Sundaram Motors for marketing the latest range. These kits have been specially developed to ... More

    Rational, IBM knowledge centre
    BANGALORE: Rational Software and IBM have collaborated to create an IBM Knowledge Centre on the Rational Developer Network, says a Rational press release. The centre will help developers, testers and analysts minimise development ... More

    STANDARDS & BENCHMARKS


    Climbing the learning curve to quality
    INDUSTRY 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
    BOOSTING exports, shifting the production of two-wheeler batteries from Taloja plant (Maharashtra) to Bawal factory (Haryana) and achieving cost-savings are the priorities Exide Industries Ltd has set for itself for the current financial year, ... More

    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
    STEEL Authority of India Ltd (SAIL) has been able to sell 5.5 lakh tonnes of steel in April, which is 61 per cent higher than that in the same month in 2001. Sources felt that this increase in sales, despite an increase in prices (in the range ... More


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  • Top Stories
    Debtor days: A few cos have a grip


    First year after sell-off to Sterlite -- Strike, power shave Balco profit

    For making good shortfall in assured schemes -- Development fund is guarantor, UTI told

    Cellular subscriber base crosses 6.7 m -- Bharti accounts for 14 lakh

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    Karnataka, AP spat over paring tobacco output -- Centre sends emissary to probe board affairs

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    DoT, FIs may oppose Batata-BPL merger

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    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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