The Hindu Business Line : Wednesday, August 28, 2002

ITC in bid to popularise hygienic packaging
AS part of its business development strategy, the paperboards division of ITC Ltd has taken the initiative to create an awareness among domestic consumers of food products like sweets, cakes, pastries, chocolates, ice cream, biscuits and tea, and ... More

Graphite India plans to recast high-cost debt — To expand product portfolio
GRAPHITE India Ltd (GIL) has initiated steps to restructure high-cost debts as part of an exercise that is aimed at reducing the company's interest burden which currently stands at Rs 26 crore per annum. Stating this during an interface with ... More

ACCOUNTING STANDARDS

`MNCs doing surrogate audit work'
YEARS before the services sector was even brought for discussions in the World Trade Organisation (WTO), India opened its doors for foreign accounting firms. Though these firms were technically allowed to offer consultancy services, they made a ... More

Adopt ICAI's 1-23 standards: Panel
THE 12-member National Advisory Committee on Accounting Standards (NACAS) has made a case for the Union Government to prescribe the accounting standards 1-23 of the Institute of Chartered Accountants of India (ICAI) as the standards of accounting ... More

OPEN OFFERS

Sardas may revise offer price for BSL — Promoters planning counter offer?
THE tussle to take over BSL Ltd has entered an interesting phase. While the Sardas are closely following the scrip movement and are willing to revise its offer, the promoters are contemplating making a counter offer. BSL, which was earlier ... More

ESOPS

Bombay Dyeing stock option to MD, JMD
BOMBAY Dyeing and Manufacturing Company Ltd has informed the Bombay Stock Exchange (BSE) that it will offer shares to its Managing Director and Joint Managing Director as part of an employee stock option scheme (ESOS). Bombay Dyeing's board of ... More

COURTS/LEGAL ISSUES

HC stays DD move on sports channel
MODI Entertainment Ltd (MEL) has obtained a stay order from the Delhi High Court against any speculated unilateral move by Doordarshan (DD) to make DD Sports a free-to-air channel protecting its agreement with DD Sports and its ... More

RESTRUCTURING

M.H. Mills: Old guard in rear-guard action
Having already skimmed the company's workforce to 2,100 from 2,500 over the last couple of years, Mr Parikh is looking at life beyond the restructured debt with a workforce of 1,600 and a revised product profile. More

MERGERS & ACQUISITIONS

Asian Paints to pick 60% stake in Egyptian firm
THE Mumbai-based Asian Paints India Ltd is to acquire 60 per cent stake in SCIB Chemical SAE, Egypt, one of the five largest paint companies in Egypt at an investment of Rs 24.5 crore. According to the press release, Asian Paints has entered ... More

ALLIANCES & JOINT VENTURES

Jubilant in alliance with LION Bioscience
JUBILANT Organosys Ltd entered into a strategic alliance with LION Bioscience AG for marketing and distribution of LION's Life Science Infromatics solutions in India. Jubilant has already signed on as India's first customer for LION's ... More

Wipro Tech signs up CNA Life
BANGALORE: Wipro Technologies announced that it has signed a contract with CNA Life, a unit of the CNA insurance companies, to develop a new business processing system and transform CNA Life's existing legacy policy administration ... More

DIVERSIFICATION

Growel group to diversify into real estate sector
METAL finishing company Grauer & Weil (India) Ltd, flagship of the Rs 175-crore Growel group, has decided to diversify into real estate development. The company has estimated an initial investment of Rs 70 crore- Rs 80 crore to develop 11 ... More

PERFORMANCE

What put TVS Motor on the fast track again
The success of TVS Motor's Victor motorcycle has as much to do with a winning product as the transformation of the organisation into a marketing savvy one. Raghuvir Srinivasan and Vinay Kamath narrate the story behind its success. More

The heart of a Victor
The bike that has got TVS Motor's adrenalin pumping More

From the grassroots
TVS Motor has perhaps done the most unlikeliest of things in two-wheeler marketing over the past two years. For example, it went to shandies where it had its dealer and the local financier sell mopeds to soyabean farmers. As an incentive, it gave ... More

PEOPLE

Lacoste India MD to quit
MR Jayant Kochar is set to quit Lacoste India as Managing Director. However, he will continue to be associated with Lacoste India as a director on the company's board. Confirming the development to Business Line, Mr Kochar said that he ... More

Tata Power MD
MUMBAI: Mr Firdose A Vandrevala will take over as Managing Director, Tata Power, from September 1 replacing Mr Adi Engineer who retires on August 31, Tata Power informed the BSE. The 52-year old Mr Vandrevala joined Tata Power on ... More

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What put TVS Motor on the fast track again

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