Financial Daily from THE HINDU group of publications
Sunday, June 30, 2002

News
Features
Stocks
Port Info
Archives


Subscription

Group Sites

CORPORATE

ANNOUNCEMENTS


BHEL unit bags NTPC order
BANGALORE: The Industrial Systems Group (ISG)-Bangalore of Bharat Heavy Electricals Ltd (BHEL) has bagged an order worth Rs 62.7 crore from National Thermal Power Corporation for engineering, supply, erection, testing and commissioning ... More

ACCOUNTING STANDARDS


Are the numbers for real?
It is time SEBI wakes up and undertakes a truly independent and high quality audit of the top 50 companies. Eventually, what is needed is good governance, which India Inc. sorely lacks. The Enron and WorldCom cases should be wake-up calls. Investors would do well to treat financial numbers reported by companies with scepticism. More

The X-word
IT happened about three months ago. Bowing to SEC pressure, Xerox agreed to pay a $10-million fine - the largest fine for fraud in corporate history - and restate earnings for 1997 through 2000. The charge was that the company had hidden ... More

PREFERENTIAL ALLOTMENTS


UK investor to pump Rs 50 cr into Glenmark
THE UK-based private equity investor, CDC Capital Partners, will invest Rs 50 crore in Glenmark Pharmaceuticals Ltd. The company will make a preferential allotment of convertible debentures to CDC that would be compulsorily converted to equity ... More

AWARDS & HONOURS


Hindalco bags FICCI award
NEW DELHI: Hindalco Industries Ltd has bagged the FICCI-Socio Economic Development Foundation's (FICCI-SEDF) Social Responsiveness Award for the year 2001, for its projects on rural development and promoting economic self-reliance in ... More

COURTS/LEGAL ISSUES


Hearing in MAMC case adjourned
KOLKATA: A Division Bench comprising Mr Justice Banerjea and Mr Justice P N Sinha of the Calcutta High Court declined to accept the proposition for granting authority to the Official Liquidator (OL) to take possession of Mining & Allied ... More

MERGERS & ACQUISITIONS


Khaitans to shed 50 pc stake in WPIL
THE B.M. Khaitan Group is in the process of restructuring its different businesses and as a part of it the group will offload 50 per cent of its stake in WPIL Ltd, previously known as Worthington Pumps. Addressing a press conference, Mr Deepak ... More

REGULATORY BODIES & RULINGS


Vanishing cos charge-sheeted
NEW DELHI: The Department of Company Affairs (DCA) has filed charge sheets against 10 fly-by-night (vanishing) companies and their directors and promoters based in Uttar Pradesh and Uttaranchal. These companies had mopped up hundreds ... More

ALLIANCES & JOINT VENTURES


RSP, Salzgitter sign pact for upgradation
SALZGITTER AG of Germany has signed a contract with Rourkela Steel Plant (RSP) for the Rs 89-crore upgradation of the electric resistance welded (ERW) pipe plant. The contract was signed between RSP's ED (Projects) and the Project (Manager) of ... More

INTERVIEW


RSP is keen on improving marketability of products — Interview with Dr Sanak Misra, acting Managing Director
AT a time when the parent company, Steel Authority of India Ltd, is struggling to stay out of the BIFR ambit, Dr Sanak Misra, acting Managing Director of the Rourkela Steel Plant (RSP), sits in the hot seat with his unit accounting for much of ... More

DIVERSIFICATION


Jay Shree foray into call centre to shore up income
THE BK Birla group company Jay Shree Tea & Industries' diversification into the call centre business is an attempt to make up a 20 per cent drop in income due to the closure of its plywood unit and partial stoppage in production of single super ... More

SICK UNITS


Hearing in MAMC case adjourned
KOLKATA: A Division Bench comprising Mr Justice Banerjea and Mr Justice P N Sinha of the Calcutta High Court declined to accept the proposition for granting authority to the Official Liquidator (OL) to take possession of Mining & Allied ... More

OUTLOOK


Will Scorpio match M&M's hopes?
Scorpio, Mahindra & Mahindra's new sports-utility vehicle (SUV), has been five years in the making. For M&M, the Scorpio comes at a time when the company is under strain from slowing sales in its major divisions — automotive and farm ... More

Eternit fortunes look up on ACC stake hike
THE fortunes of Eternit Everest Ltd (EEL), one of the major producers of roofing materials and reinforced building boards in the country, have started looking up with the cement major ACC hiking its stake in the company to 76 per cent. ACC ... More

PEOPLE


Ambani continues to be critical
THE condition of Mr Dhirubhai Ambani, Chairman, Reliance Industries Ltd, continues to be critical, according to Breach Candy hospital officials. Mr Vernon D'Sa, Medical Director of the hospital, told reporters that the CT scan conducted on ... More

TRENDS


Keeping family businesses ticking
REPRESENTATIVES of various family-owned businesses in Pune city have come together to form the Family Business Forum, an organisation that seeks to help successors of old business families carry on the trade without any hiccups. And no, this has ... More

NEW PRODUCTS & SERVICES


CD-ROM on 2.5-lakh cos' financials
THE Minister for Law, Justice and Company Affairs, Mr Arun Jaitley, has released a CD-ROM containing a large database on key financial statistics of 2,45,366 registered companies in the country. Titled `First Source', the CD-ROM has been ... More
Scoreboard
SE Diary
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Top Stories
RSP is keen on improving marketability of products — Interview with Dr Sanak Misra, acting Managing Director


Dumping: WTO panel rules in favour of SAIL

ING to hike stake in Vysya Bank to 49 pc

Keeping family businesses ticking

GTB net suffers 60 pc fall

In Depth
Gender Justice
Simple Economics
Guide to derivatives
Looking back
Jun. 23-Jun. 29
Ikon vrooms into the land of samba

Birla VXL looking for contract manufacturers

M&A activity falls 19 pc in H1

Hyundai expanding capacity -- Chennai plant to be export hub for small cars

Tata Steel inks pact with TN for titanium dioxide project

Sodexho getting fat with corporates' voucher-culture


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line