Financial Daily from THE HINDU group of publications
Saturday, May 18, 2002
Markets (May 17)
BL 2501151.50 (-7.63)
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Dollar (Buy/Sell)48.94/49.07
Gold Std (10 gm)5160 (+10)

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CORPORATE

MODERNISATION


Invensys project for EID Parry pays off
INVENSYS India Pvt Ltd, a unit of the London-headquartered Invensys Plc, has completed a performance-based automation project at the Pudukkotai sugar mill of EID Parry Ltd. According to a press release from Invensys, the project objective was ... More

ANNOUNCEMENTS


B4U puts off IPO plans
THE promoters of B4U Television Network have further deferred their plans for an initial public offering (IPO) till the end of this year. They may rope in fresh partners if the situation forces them to defer the IPO plans even further. The ... More

  • Tata Tea to pay 70%

    OPEN OFFERS


    Parent makes final offer for purchase of Cadbury shares
    CADBURY Schweppes Plc and Cadbury Schweppes Mauritius Ltd, formerly known as Clarendon Investments Mauritius Ltd, have informed the Bombay Stock Exchange that they are making a final cash offer to purchase the outstanding public shareholding of ... More

    AWARDS & HONOURS


  • Clean Energy Personality award

    COURTS/LEGAL ISSUES


    Jessop sell-off: HC declines stay on interim order
    MR Justice K.J. Sengupta of the Calcutta High Court today refused to vacate the interim order passed in the Jessop & Co Ltd's disinvestment case. Earlier, on March 7, the court directed the Board for Financial and Industrial Reconstruction ... More

    TECHNOLOGY


    The strength of `lean' manufacturing
    IN the last few years, the Indian industry has seen a revolution of sorts — any company worth its name has kaizen programmes, in which, basically, workers suggest and effect improvements in whatever they are doing. Many companies have ... More

    MERGERS & ACQUISITIONS


    Indian ally to pick Allied Domecq stake in jt venture
    THE Ghai group, the Indian promoter of Maharashtra Dairy Products Manufacturing Company Pvt Ltd, producers of Baskin Robbins ice-cream, will buy out its UK-based partner's stake in the company. The UK-based partner - the Allied Domecq group - ... More

    NEW PROJECTS


    Rupa sets up new plant
    RUPA & Co Ltd, a leading manufacturer of hosiery products, has set up a new plant at Domjur near here, at a cost of Rs 15 crore. Mr Ramesh Agarwal, Director of the company, told reporters that the plant was designed to produce over 150 tonnes ... More

    REGULATORY BODIES & RULINGS


    Vanishing cos: `DCA to go for hot pursuit'
    THE Department of Company Affairs (DCA) is in hot pursuit of companies which duped gullible investors by floating public issues and vanished subsequently, according to Mr Vinod Dhall, Secretary, DCA. Speaking at a meeting organised by the ... More

    Investment mode for `producer co' in offing
    THE Government may be allowed to prescribe any mode in which investments can be made by the "producer company'' since the proposal envisaged in the Companies (Second Amendment) Bill, 2001 restricts the investment of general reserves in approved ... More

    SICK UNITS


    BIFR sanctions Rs 38-crore revival scheme for AB Corp
    BIG B's entertainment company, AB Corp Ltd, seems to be on the path of revival. The Board for Industrial & Financial Reconstruction (BIFR) has sanctioned a Rs 38.06-crore rehabilitation scheme for the ailing Amitabh Bachchan Corporation Ltd ... More

    OUTLOOK


    Baxter feels its time has come
    BAXTER India, a wholly-owned subsidiary of $8- billion Baxter International Inc, has weathered a few storms during its five-odd years in the country. Keeping pace with growth in other regional markets like China, the Indian subsidiary has seen ... More

    PEOPLE


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  • Top Stories
    `Arbitrary' domestic pricing: Urea units look abroad for cheaper naphtha


    Q1 gold demand declines 40 pc

    Top cos see staff costs going up

    Govt hikes tariff value of palm group of oils

    Vanishing cos: `DCA to go for hot pursuit'

    `Third-party claim losses unsustainable': Oriental Insurance dives for cover

    Home Trade bank accounts sealed

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    May. 5-May. 11
    Western Union has big plans in money transfer sector

    Board-level appointments -- DCA to tighten norms for relatives of directors

    India Inc views long term with greater optimism

    Top 15 account for Rs 53,760 cr -- Investments in 62 projects shelved

    Q4 results prove elusive for investors

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

    Maruti to insure own vehicles -- Ties up with Bajaj-Allianz, NIC


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