The Hindu Business Line : Wednesday, August 21, 2002

Premier Tyres wage talks on Aug 28
DISCUSSIONS on the long-term wage settlement of the employees of the Premier Tyres Ltd (PTL); a subsidiary of the Apollo Tyres Ltd (ATL) would be held on August 28 at Thiruvananthapuram. The discussions on payment of bonus with trade union ... More

Infobahn to shut US office; Malaysian closure to follow
ATTRIBUTING to the recession in the global software markets, Infobahn Technologies Ltd (ITL), the Hyderabad-based software development services company, has announced its decision to close down its branch office in the US. Adding to the woes, ... More

TPL to seek shareholders' nod for Rs 30-cr term loan
THE Rs 780-crore Tamilnadu Petroproducts Ltd (TPL) will seek shareholders' nod at its forthcoming annual general meeting on September 16 for securing a Rs 30-crore term loan by way of second charge on the movable and immovable properties of the ... More

Thermax to pay Rs 5 per share
THE board of directors of Thermax Ltd has recommended a dividend of Rs 5 per share (50 per cent) for the year ended March 2002 as against Re 1 per share in the previous year, the company has said in a press release. The company has made ... More

CPCL to raise authorised capital to Rs 400 cr
CHENNAI Petroleum Corporation Ltd (CPCL) proposes to raise its authorised share capital to Rs 400 crore from Rs 200 crore now. This is considered necessary because the company has lined up a number of projects for the next five years, whose total ... More

Playwin awaits nod for Maharashtra launch
PLAYWIN Infravest, which is running the Sikkim Super Lotto and the Lucky 3 for Karnataka, is all set to launch a new game for Maharashtra. The company has obtained a license but is awaiting the approval of the Maharashtra Government for deciding ... More

MERGERS & ACQUISITIONS

VSNL, Tata Teleservices may merge eventually — Committee report delayed by 2 months
THE first clear indication of what the Tatas intend to do with VSNL emerged today, with the Chairman of the company, Mr Ratan Tata, hinting at the possibility of an eventual merger of VSNL and Tata Teleservices, the basic telephony company in the ... More

REGULATORY BODIES & RULINGS

DCA panel meet today on norms for unlisted cos
THE recently constituted high-powered committee appointed by the Department of Company Affairs (DCA) to frame guidelines for unlisted Indian companies on preferential allotment, sweat equity and employee stock option scheme (ESOPs) is scheduled ... More

ALLIANCES & JOINT VENTURES

Pepsi, Punjab Govt sign deal for citrus cultivation
PEPSI Foods Private Ltd and the Punjab Agri Export Corporation (Pagrexco)— a Punjab Government undertaking— on Tuesday signed a protocol on citrus cultivation in Chandigarh. The protocol will guide the identification of useful ... More

INTERVIEW

`Contract manufacturing for global cos has boosted BEL'
THE Rs 1,972-crore defence equipment manufacturer, Bharat Electronics Ltd, has consistently reported impressive growth figures. Backed by increasing defence spending and several strategic initiatives, the company has been able to attract ... More

BONUS ANNOUNCEMENTS

Maha Seamless to issue bonus preference shares
MAHARASHTRA Seamless Ltd (MSL) will issue bonus redeemable preference shares carrying a 10 per cent annual dividend. The shares will be redeemed in one or more tranches within a period of five years from the date of allotment. The bonus shares ... More

OUTLOOK

Bharti may consider spreading its wings to additional circles
Bharti would have a presence in as many as 18 of the 22 telecom circles in the country, reinforcing its standing as the largest cellular player. More

UB bets on strong beer to rev up sales in TN
THE Bangalore-based UB group hopes to carve out a significant share of the Tamil Nadu market for strong beers with the introduction in Chennai this week of Kingfisher Super Strong Beer. Announcing the launch at a press conference here on ... More

Maruti studying market for launch of Ignis
CAR manufacturer Maruti Udyog Ltd which has seen tough times and falling market shares in an increasingly competitive and shrinking domestic market, is undertaking a study to benchmark its proposed next offering, the Ignis, with competitors such ... More

Aptech upbeat on BPO sector — Launches sales and marketing course
Introduction of the sales and marketing course for the BPO industry follows the recent launch of an IT course for the banking sector. More

Sulzer plans

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Pepsi, Punjab Govt sign deal for citrus cultivation

Bharti may consider spreading its wings to additional circles

Mother Dairy grows up, turns Amul's rival — Set for joint ventures with 6 State co-operatives

Tenth Plan to ease private funding of minerals sector

Foodgrains power Rlys freight earnings by 11%

The cloud over the continent

In Depth
Gender Justice

Simple Economics

Small Investor

Looking back
Aug. 11-Aug. 17
DCA makes secretarial audit mandatory for cos

Job outlook to remain sombre, says FICCI survey

You'll soon know of colas' contents

Court affirms Bayer's patent — Setback to Dr Reddy's Cipro launch in US

Prasar Bharati to restart programme outsourcing

Idea, BPL revive merger talks

`Glaxo will not limit size of Indian operations'