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Monday, July 22, 2002

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PowerGrid's new transmission line to be ready by August
POWER Grid Corporation of India Ltd (PGCIL) will commission the 500-kilo volt high voltage direct current (HVDC) transmission by August. Speaking to reporters here on Sunday, the PGCIL Chairman and Managing Director, Mr R.P. Singh, said that ... More

Delta Jute Mill reopens; resolves labour dispute
DELTA Jute Mill, a unit of Delta Ltd, has reopened after being closed for more than six months due to labour problem. Mr P.R. Bansal, Chief Executive of Delta Ltd, said that the plant was opened after signing a productivity-linked tripartite ... More

ACCOUNTING STANDARDS


Corporate sanctity — MNCs' double standards
LAST year, a few days before he quit his assignment in India, a top US diplomat chose to hector the Union Government and Maharashtra State officials on the sanctity of agreements and contracts. The lack of sanctity for project contracts, ... More

A tryst with trust
N. R. Sridharan on the trustworthiness of financial reports More

PRIVATE PLACEMENT


Coke mulls phased divestment
COCA-COLA is contemplating a fresh proposal of phased disinvestment of its Indian subsidiary, Hindustan Coca-Cola India Private Ltd. This follows the US major's inability to get a waiver or definite extension of time within the stipulated ... More

FIPB waiting for clear plan
THOUGH the FIPB has given a month's extension (till August 17) to Coke to come up with its disinvestment proposal, official sources said that it should not be taken as waiver of the condition. On whether the company has been given extension of ... More

SHORT TERM INSTRUMENTS


Crisil reaffirms NCD, CP ratings
CRISIL has reaffirmed the ratings assigned to Hindalco Industries Ltd's non-convertible debenture programme and commercial paper programme. The non-convertible debenture programmes have been assigned `AAA' ratings and the commercial paper ... More

MERGERS & ACQUISITIONS


Indo Gulf's copper business to be merged with Hindalco — Share swap ratio at 1:12
IN a bid to propel Hindalco Industries Ltd on to the global non-ferrous metals arena, the Aditya Birla group today decided to merge Indo Gulf Corporation Ltd's (IGCL) copper business with Hindalco. Size and higher earnings potential were the ... More

INTERVIEW


`Support to auto sector, global trade norms can exist together'
"Eucar is a consortium of European auto manufacturers and the European Parliament uses this forum very effectively to promote R&D activity and skill development. This is just one example" More

OUTLOOK


Aksh to raise more funds through debt
AKSH Optifibre Ltd, the Gurgaon-based, optical fibre cable manufacturer, has finalised plans to raise more funds through debt. Speaking to Business Line, Mr Umrao Khivsara, the Chief Financial Officer of the company, said, ``we have tied ... More

PERFORMANCE


  • Havell's India Q1 net up 30%

    ECONOMIC OFFENCES


    `RPL public issue funds used for paying call money'
    THE funds raised by Reliance Petroleum Ltd (RPL) through its public issue in 1993-94 were routed through privately-owned Ambani companies for paying call money of H-series debentures of Reliance Industries Ltd (RIL), according to an inspection ... More

    PEOPLE


    Who will inherit Dhirubhai's mantle?
    DHIRUBHAI Ambani, the entrepreneur who emerged as the tallest industrial leader in India in the last two decades, transformed the industrial landscape just as Jamshed Tata and G. D. Birla did in their times. Starting his career in Aden earning ... More
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  • Top Stories
    Corporate sanctity — MNCs' double standards


    Tea auctions to take the e-route soon

    `Smaller towns are emerging markets for IT industry'

    Who will inherit Dhirubhai's mantle?

    Signs of revival in project investment scenario

    Creation of new railway zones — How will rail users benefit?

    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives
    Looking back
    Jul. 14-Jul. 20
    SAIL posts higher turnover in Q1

    The internal auditor shall inherit the earth

    Lafarge to build Rs 150-cr Bengal plant in two years

    Novartis sues Dr Reddy's in US for patent breach


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