Financial Daily from THE HINDU group of publications
Thursday, July 18, 2002
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Financial Daily from THE HINDU group of publications Thursday, July 18, 2002 |
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CORPORATE ANNOUNCEMENTS Alembic launching new molecules ALEMBIC is set to launch three molecules of cephalosporin this fiscal. The company hopes to garner sales of Rs 12 crore from these molecules. Alembic has received permission from the Drug Controller-General of India (DCGI) to carry out clinical ... More
Fisher arm to make gensets
Jubilant moots stock split ACCOUNTING STANDARDS The barbs in the ARB GIVING a major jolt to the accounting profession, the US Senate has unanimously passed the `Accounting Reform Bill', a.k.a. the Sarbanes Bill. The more detailed description of the Bill is that it is an original Bill to improve quality and ... More PREFERENTIAL ALLOTMENTS Coke, bottlers to meet on pref allotment SOFT DRINKS major, Coca-Cola India, has initiated the process of exploring the preferential allotment of equity to select Indian bottlers and a few high net worth individuals, with the deadline for mandatory divestment of 49 per cent of its ... More AUDITING Rating of auditors on the anvil AT first glance, it may not sound plausible or relevant. But industry circles are coming around to the view that rating of auditors may be one of the best ways to reassure investors about the professional integrity of the chartered accountants ... More RESTRUCTURING Siemens to sell Joka unit ENGINEERING major Siemens Ltd is selling off its Joka unit here after ensuring that its entire staff are either redeployed in a separate unit or superannuated through a voluntary retirement scheme. The company has issued a one-line statement ... More REGULATORY BODIES & RULINGS DCA expands probe into Xerox Modicorp — Moves CLB to look into fraudulent dealings THE noose is tightening around Xerox Modicorp Ltd with the Department of Company Affairs (DCA) today widening its ongoing probe by moving the Company Law Board (CLB) to seek its assent to investigate whether the company had indulged in fraudulent ... More TRADE & LABOUR UNIONS Nicco suspends work at telecom cable unit THE ailing Nicco Corporation Ltd has declared a "suspension of work'' at its telecom cable unit located at Kalyani in North 24 Parganas. Dr Abhijit Sen, co-chairman of Nicco Corporation, said that the management was forced to declare the work ... More ALLIANCES & JOINT VENTURES IOC to be sole supplier to Gujarat port SEZ INDIAN Oil Corporation Ltd (IOC) has signed a memorandum of understanding with Gujarat Positra Port Infrastructure Ltd (GPPIL) for becoming the sole supplier of petroleum products to the proposed special economic zone. The MoU was signed by Mr ... More SICK UNITS `Holding operation' to restart at Dunlop units THE "holding operation'' at Dunlop India Ltd's (DIL) two factories - one at Sahaganj in West Bengal and the other at Ambattur in Tamil Nadu - is expected to restart soon. The DIL management has initiated active moves to create a conducive ... More
FIs meeting on Modi Rubber case in Mumbai OUTLOOK Westbank Hospital hopes to break even WESTBANK Hospital, a first-generation private sector healthcare unit located at Howrah, is likely to break even in 2002-03, which is its fourth year of operations. The hospital is owned by Meridian Medical Research & Hospital Ltd. The average ... More PERFORMANCE Indo Rama to seek court okay for adjusting losses INDO Rama Synthetics (India) Ltd (IRSL) plans to adjust its past losses amounting to Rs 149.83 crore as on March 31, 2002 against the share premium account of the company. The share premium account of the company had a balance of Rs 399.32 crore ... More
SAIL posts higher turnover in Q1
Brisk sale of Nova TRENDS Bajaj mediators may not get down to work now EVEN as the four Bajaj seniors have decided to keep off the press till the family dispute is solved amicably, sources close to the family today indicated that it could be another month before the two mediators are finalised. Confirming the ... 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 Jul. 7-Jul. 13 Dhirubhai: `The sun has set today' Mumbai pays homage to its tallest tycoon — Dhirubhai passes into history Ranbaxy's anti-AIDS drugs on WHO list Amara Raja to design products for US partner LML hopes Freedom will drive it into the black |
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