Financial Daily from THE HINDU group of publications
Tuesday, August 06, 2002
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Indo Rama cuts product prices
FACED with a continuing decline in international polyester prices, the Rs 1,900-crore Indo Rama Synthetics has slashed the basic prices of most of its products, effective August 1. Polyester prices have been moving southwards during the last ... More

AUDITING


Plea to make cost audit mandatory for all companies
The institute has asked the Government to include cost accountants in the definition of accountant under the Income-Tax Act, 1961, as against the inclusion of chartered accountants only. More

RESTRUCTURING


Aurobindo Pharma to sell Pondicherry unit
AUROBINDO Pharma Ltd (APL) has decided to dispose of its bulk actives manufacturing facility located at Pondicherry, as a part of a major restructuring programme initiated. The Rs 1,052-crore company started its operations way back in 1986 ... More

NEW PROJECTS


Fusion to expand India business
FUSION Technologies Inc, the New Jersey-based software solutions provider, has announced its plans to expand India operations through its subsidiary — Fusion-Cybertech. The company, as part of the expansion, has announced investment to ... More

REGULATORY BODIES & RULINGS


CLB revokes order on Shaw Wallace directors
FOUR years after it directed the appointment of four directors on the board of Shaw Wallace & Co Ltd (SWC), the Company Law Board (CLB) has now vacated its directive on the same. The latest order of the CLB comes on the back of an improvement ... More

DCA appoints outside auditor for Xerox probe
THE Department of Company Affairs (DCA) has appointed the Delhi-based chartered accountants, Surendar K Jain & Co, to investigate whether the management of Xerox Modicorp Ltd is guilty of fraud. This is one of those rare cases where the ... More

RIGHTS ISSUES


Pentagon board approves rights issue
CHENNAI: The board of directors of Pentagon Global Solutions Ltd has approved the rights issue of equity shares at par. The rights issue will comprise 1.24 crore equity shares aggregating Rs 12.42 crore which will be offered to existing ... More

STANDARDS & BENCHMARKS


Emmvee bags ISO 9001-2000
BANGALORE: Emmvee Solar Systems, a Bangalore-based company engaged in solar water production, has been awarded the latest Quality Management System Certification ISO 9001-2000 and Environment Management System Certification 14001-1996 by ... More

OUTLOOK


Usha Intl targets mass market; eyes higher exports
USHA International, a Siddharth Shriram Group company, is looking to increase its market share in the stagnant electrical fans market by countering the SSI segment which has a share of 50-60 per cent of the total market. To achieve this, the ... More

Goldstone sees Rs 45-cr from BPO foray
The BPO business foray is to be taken up in a phased manner and in the first phase, which is set to start operations shortly, a 200- people facility has been completed where the company will invest about Rs 10 crore. More

Carlson group hopes to emerge top player in India market
THE Carlson group is all set to become a leading player in the country's hospitality sector, thanks to its involvement in the 17 or so hotel projects that are being developed. According to Mr K.B. Kachru, part of the executive management board ... More

PERFORMANCE


SAIL: Cost control measures do the trick
There is reason to suggest that while price hikes in relative congenial market conditions have certainly helped the company, no less has been the effect of measures introduced during the stewardship of Mr Arvind Pande to control costs (including staf f costs) and improve techno-economic indices. More

RINL posts higher turnover
RASHTRIYA Ispat Nigam Ltd (RINL) has notched up sales turnover of Rs 1,324 crore in the first four months of the current fiscal, which is the highest for the corresponding period since inception. According to official sources, the company ... More

Santro powers Hyundai July sales
HYUNDAI Motor India Ltd announced on Monday that sales of passenger cars accounted for 9,171 units last month backed by a strong rise in the sales of its flagship brand, Santro. This was up by 49.2 per cent over last year when the company had ... More

Escorts Const sales rise 35%
ESCORTS Construction Equipment Ltd (ECEL), a 100 per cent subsidiary of Escorts Ltd, has recorded a 35 per cent growth in sales in the first quarter of the current year as compared to the same period in fiscal 2001-2002. According to Mr Vikram ... More

PEOPLE


Bhilai Steel Plant MD given dual charge of RINL
MR B.K. Singh, Managing Director of Bhilai Steel Plant (BSP), has been given dual charge of Rashtriya Ispat Nigam Ltd. This followed the resignation of Mr B.N. Singh, the immediate past MD of RINL, who put in his papers on July 1, months ahead ... More
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Top Stories
As insurers resort to undercutting — IRDA panel hikes penalty for breach of tariff norms


SAIL: Cost control measures do the trick

Titan, Bata, VIP are top brands: Study

Top cos see staff cost increasing

At lower price realisations... Earning even a small profit is achievement for cement cos

Manipur: `Jewel of the East' or `Wild East'?

Major ports notch up 10 pc growth in Q1

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Jul. 28-Aug. 3
`BPL is going through mid-course corrections' — Mr H.N. Srinivas, Senior Vice-President, HR

DCA to closely monitor buybacks

Reliance to complete Phase I K-G basin drilling by Dec

RPL used public issue proceeds to buy group co stocks: DCA


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