Financial Daily from THE HINDU group of publications
Saturday, July 06, 2002
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Financial Daily from THE HINDU group of publications Saturday, July 06, 2002 |
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CORPORATE ANNOUNCEMENTS 
NIIT software business gets distinct identity — Not a prelude to spin-off, says PawarNIIT today announced that it has renamed its global software business as `NIIT Technologies' with the objective of giving it a distinct identity, but ruled out hiving it off as a separate entity. Announcing this at a press conference here ... More
Tata Steel to create charges to borrow Rs 500 cr more
Novartis India to launch two cardio products ACCOUNTING STANDARDS ICAI to set up financial report review panel THE 30-member central council of the Institute of Chartered Accountants of India (ICAI) has decided to set up a `Financial report review panel' (FRRP), which would suo motu look into the published accounts of different organisations, ... More COMPANY LAW Producer company clause approved THE Union Cabinet today gave its nod to move official amendments to the Companies (Second Amendment) Bill, 2001 pending in the Lok Sabha, which enables formation of "producer companies''. Commenting on the official amendments proposed in the ... More AWARDS & HONOURS INFORMATION TECHNOLOGY Leyland invests Rs 52 crore in data centre All manufacturing units and the marketing division will be inter-connected and linked to the data centre through leased lines and radio, according to the company's annual report for the year 2001-02. The company estimates the cost of the project ... More CORPORATE BONDS ACC proposes Rs 100-cr NCDs ICRA expects ACC to benefit from the favourable demand-supply outlook for the northern region, which is the key market for the company. More
`AA-' for IPCL's NCD issue MERGERS & ACQUISITIONS Cummins acquires CG Newage stake CUMMINS India has informed the Bombay Stock Exchange that it has acquired 8,10,000 equity shares of Rs 10 each fully paid (40.5 per cent) in the share capital of CG Newage Electrical Ltd, Ahmednagar (CGNEL) from Crompton Greaves Ltd (38 per ... More CORPORATE GOVERNANCE `Good governance need of the hour in corporate sector' MR Justice P.R. Raman of the Kerala High Court has called for good governance in corporate sector to promote stability and long-term sustenance of stakeholder relationship. Inaugurating a one-day seminar on `Corporate excellence through ... More NEW PROJECTS Aurobindo sets up unit for generic anti-retrovirals AUROBINDO Pharma Ltd (APL), the Hyderabad-based pharma major, has floated a separate division called `Institution', dedicated to offering anti-retrovirals in generic forms. In a press release, the Vice-President of APL, Mr Rony Batabyal, said ... More ALLIANCES & JOINT VENTURES Reclaiming materials from used batteries — Exide plans jt venture with Malaysian co EXIDE Industries Ltd has proposed to form a joint venture with a Malaysian company — Metal Reclamation (Industries) — for setting up a 20,000 tpa smelter project in India to reclaim materials from used batteries. Mr S.B. Ganguly, ... More
Strand Genomics, Biocon arm in joint venture IPOS Govt rejects Coke plea again but grants it a month's grace COCA-COLA India's application seeking a waiver of the mandatory disinvestment of up to 49 per cent in its Indian operations to domestic public shareholders has been rejected again, and instead a one-month extension has been offered to the ... More SICK UNITS Cabinet clears budgetary support for IDPL revival INDIAN Drugs and Pharmaceuticals Ltd, (IDPL) — a Central public sector undertaking — today received Cabinet clearance for budgetary support till March 2003 or till privatisation takes place. Ms Sushma Swaraj, Union Minister for ... More
Kerala HC admits Trayons writ against BIFR order OUTLOOK Hindalco expects 6% growth in demand AMID hopes of recovery in the global aluminium industry, the 2001-2002 annual report of domestic aluminium major Hindalco Industries Ltd says that experts feel global consumption will be in excess of 4 per cent in 2002 against the de-growth of ... More
PERFORMANCE Mahyco-Monsanto sells entire Bt cottonseed stock MAHYCO-MONSANTO Biotech Ltd has completed the sale of the entire stock of 1.05 lakh packets of Bt (Bacillus Thuringiensis) cottonseed that it had produced for distribution during the current year. The packets, each containing 450 gram of Bt ... 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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