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