The Hindu Business Line : Monday, May 20, 2002

Reliance Info to ring July-end
RELIANCE Infocom, the telecom venture of the Reliance group, is all set to roll out its basic, national and international long-distance operations across the country by end-July. According to highly-placed company officials, a major part of its ... More

Medicine Shoppe in talks to market OTC drugs
MEDICINE Shoppe, the pharmacy retail store, is talking to two pharmaceutical majors for the sales of over-the-counter generic drugs. Mr Viraj C. Gandhi, Managing Director, Medicine Shoppe, told Business Line that Medicine Shoppe is in ... More

Whirlpool decision on royalty by year-end
WHIRLPOOL of India Ltd, which had put off royalty payment to the parent company, Whirlpool Corporation, in 1998 till 2003, proposes to take a decision on the same towards the end of this year. "We have already paid for three years (prior to ... More

ACCOUNTING STANDARDS

Guidance note on securitisation accounting soon
THE 30-member central council of the Institute of Chartered Accountants of India (ICAI) is working towards a guidance note on accounting for securitisation. Sources said that the central council is set to take up this guidance note for its ... More

The quest for Enron-proofing
WHAT the Taliban did to WTC and the global economy, the Enron-Andersen duo did to the accounting profession. While a positive fallout of September 11 has been the increased awareness of people the world over to the need for better security, ... More

OPEN OFFERS

Reliance to make open offer for IPCL at Rs 231
RELIANCE Industries Ltd will have to make an open offer for buying 20 per cent of IPCL's shares held by the public at Rs 231 per share as per the takeover code stipulated by SEBI. In line with the SEBI norms, the acquirer would have to make ... More

MERGERS & ACQUISITIONS

IPCL well into `Reliance family'
RELIANCE Industries Ltd (RIL) today formally welcomed the employees of Indian Petrochemicals Corporation Ltd (IPCL), to its fold. "Reliance will endeavour to provide new and improved opportunities to IPCL's 14,000 workers and employees as members ... More

Reliance makes it big with IPCL
THE acquisition of 26 per cent equity stake in Indian Petrochemicals Corporation Ltd (IPCL) by Reliance Industries from the Government is a watershed event, both for the privatisation process and for the domestic petrochemicals industry. The ... More

Citicorp Fin to take 20% stake in Magma Leasing
CITICORP Finance India Ltd, a wholly-owned outfit of Citicorp, US, has decided to invest 20 per cent in Magma Leasing's equity (it will pick up 28,26,600 shares). An expression of interest from Citicorp confirming such an investment decision has ... More

INTERVIEW

`Park Hotels open to ideas of going overseas'
"The hotel business is a personality-driven business. There are strong individuals behind all the big names. It is these individuals who make the difference." More

OUTLOOK

Comverse expects India biz to double
COMVERSE, the US-based provider of software and systems that facilitate value-added telecom services, has identified India as a key market in the Asia-Pacific with explosive growth projected in the country's telecommunications sector. According ... More

NEW PRODUCTS & SERVICES

Fiat Siena versions launched
FOLLOWING the recent successful launch of new Fiat Siena in Bangalore, Fiat Auto has rolled out three versions of the new offering in Hyderabad. Three versions of Fiat Sienna — EX, EL and ELX based on the company's 178 platform - - ... More

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