The Hindu Business Line : Saturday, June 01, 2002

Supply troubles dog Travancore Cements
UNCERTAINTY hovers over the modernisation of the State-owned Travancore Cements Ltd (TCL) near Kottayam because of hindrance in the supply of the raw material, lime shell. Despite having huge deposits of white lime shells in the company's ... More

ANNOUNCEMENTS

ITC cans gourmet desserts
ITC Foods, a division of ITC Ltd, is all set to introduce ready-to-serve desserts, including vermicelli-based payasam (sevian) and khubani ka meetha (an apricot-based sweet), in 450-g cans, promising shelf life of up to 12 ... More

Intl Travel to pay 10%

Yokogawa Electric tech for Shell Expo

MANPOWER

Separation deal for Bharat Gold Mines staff
THE Cabinet on Friday approved a special termination benefit package for 3,533 employees of Bharat Gold Mines Ltd (BGML). This package will be offered for a period of one month from the date of notification of the scheme. Briefing newspersons ... More

Most of Somasundara Mills workers accept VRS
THE wrangle over the modified voluntary retirement scheme (MVRS) of the Somasundara Mills, the sick textile unit under the National Textiles Corporation (NTC), took a surprising turn, with a majority of the 600-odd workers accepting the MVRS ... More

MERGERS & ACQUISITIONS

Grasim ups stake in L&T by 2.84%
The increase in stake notwithstanding, board representation stands unchanged, a spokesperson said. More

REGULATORY BODIES & RULINGS

Remote board meets: DCA nod to come with riders
THE Department of Company Affairs (DCA) has in-principle decided to allow board meetings through video conferencing and tele-conferencing. But the provision would come with a caveat, the Secretary, Department of Company Affairs (DCA), Mr Vinod ... More

RIGHTS ISSUES

Subex plans Rs 20-cr rights issue
BANGALORE: Telecom products company Subex Systems plans to fund its expanding, marketing and sales initiatives through a Rs 20-crore rights issue, the Managing Director, Mr Subash Menon, has said. ``We need that money for our sales ... More

OUTLOOK

Global licensing is Ranbaxy prescription for growth
The global licensing initiative also seeks to strengthen collaborative research through alliances with drug delivery and research companies. More

Thermax bets on services business to drive growth
THERMAX Ltd, the Pune-based energy and environment major, is looking at a five-pronged strategy for driving growth. Ms Anu Aga, Chairperson, Thermax Ltd, told Business Line that the company's new `services' business would be a major ... More

TRENDS

Surviving the recession -- II: When India Inc goes places
Companies that were never keen on export markets (which are now ruing that) are putting exports as high priority. And those that are already exporting are looking to newer markets. More

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