The Hindu Business Line : Thursday, August 01, 2002

Probe into gas leak at RPG Life plant
THE Director of Industries, Safety and Health has been appointed to investigate the gas leak at the RPG Life Sciences plant at Pimpri on Tuesday morning. The leak caused the death of an engineer and injured five others. The enquiry officer has ... More

ANNOUNCEMENTS

SPIC in talks for cross-packaging tie-up
SOUTHERN Petrochemical Industries Corporation (SPIC) is talking to "two/ three (fertiliser) companies" to hammer out a tie-up, under which each company would sell fertilisers under the other (partner) company's brand name. For example, if SPIC ... More

SWC regd office transfer yet to be cleared
THE management of Shaw Wallace & Company Ltd (SWC) may have to hold at least one more annual general meeting of the company here in view of the fact that the Company Law Board (CLB) is yet to clear the company's request to allow it to shift SWC's ... More

ICT completes road project in Ethiopia
INTERCONTINENTAL Consultants and Technocrats Pvt. Ltd (ICT), an engineering consultancy company, has completed a 136-kilometre IDA-aided road project in the strife-torn tribal area of Ethiopia. The road project, estimated to cost $0.5 billion, ... More

ACCOUNTING STANDARDS

Revisiting restatements
AS if the current flow of financial information were not enough, what we have now is a spate of restatements. People who are neck deep in a pile of these reports want to make meaning. Their topmost question is: Who is bad, the ones who restate ... More

MERGERS & ACQUISITIONS

`PwC-IBM deal to include India operations too'
MORE than 1,000 professionals under the consulting practices of PricewaterhouseCoopers Ltd in India are likely to come under the fold of IBM if the latter's global acquisition of PwC Consulting gets concluded, according to Mr Amal Ganguli, ... More

REGULATORY BODIES & RULINGS

Repayment defaults: DCA notifies application fees
THE Department of Company Affairs (DCA) has specified the fee that would be payable by companies for making applications to the Company Law Board (CLB) for intimation on defaults in repayment of small deposits. It has also specified a fee for ... More

ALLIANCES & JOINT VENTURES

Crabtree tie-up for bath fittings
SWITCHGEAR company Crabtree India Ltd, a subsidiary of the Havell Group, has tied up with Italian bath fitting company, Fratelli Frattini, to launch the Crabtree Frattini range of bath fittings in India. The Italian partner, Frattini, will own ... More

SICK UNITS

IISCO revival plan in crucial phase
TWO important points have emerged in the context of the decision made by the Cabinet Committee on Economic Affairs (CCEA) on June 11 to hand out a lifeline to Indian Iron & Steel Co, the ailing subsidiary of Steel Authority of India Ltd. First, ... More

OUTLOOK

Berger hopes to paint a good picture
BERGER Paints India Ltd hopes to post a higher growth in the current financial year than the seven per cent achieved in 2001-02 when there were three rounds of price reductions. Mr K.S. Dhingra, Chairman of the company, told newspersons after ... More

LG still upbeat on washing machines — To invest $10 m more
LG has also increased its advertising budget while launching a slew of new models and taken steps to increase its penetration. More

Texmaco bullish on prospects
TEXMACO Ltd, a K.K. Birla group outfit, is expecting that its hydro-mechanical equipment and structural business will provide around 50 per cent of its turnover during 2002-2003. Mr S.K. Poddar, Vice-Chairman of the company, told reporters ... More

Zensar sets up office in Mexico
The company's growth plans include alliances and joint ventures. It recently set up a joint venture in China called Hanzen in Shanghai, and a small development centre in Zhuhai. More

PEOPLE

Mukesh at the helm — To use father's yardstick
"A NEW dawn is ahead of us. The onus is on each one of us to herald this dawn with passion and commitment. Our future generation will then radiate in its sunshine. This is our dream." - Mr Mukesh D. Ambani, delivering the keynote address at ... More

BPL soft energy COO quits
BPL Group has lost another business unit head. The Chief Operating Officer of the soft energy business, Mr George Thomas, has put in his papers. This is the second major exit from the group in recent months, which earlier saw Mr Ajay Baijal, ... More

Nanda Kumar Unni is Bharat Shell MD
MR Nanda Kumar Unni has been appointed as the Managing Director of Bharat Shell Ltd, a joint venture between Bharat Petroleum Corporation Ltd and Shell Overseas Investments B V. According to a statement, Mr Unni replaces Mr S. Radhakrishnan ... More

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