Financial Daily from THE HINDU group of publications
Wednesday, August 28, 2002
Markets (Aug. 27)
BL 2501085.79 (-9.53)
BSE Sensex3097.85 (-25.75)
S&P CNX Nifty987.70 (-11.15)
Dollar (Buy/Sell)48.46/48.59
Gold Std (10 gm)5110 (+35)

News
Features
Stocks
Port Info
Archives


Subscription

Group Sites

CORPORATE

ANNOUNCEMENTS


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


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

Pick a Winner Stock Market Contest

Top Stories
Firms, Govt depts allowed to outsource non-core work


AP to upgrade PCOs to cyber dhabas

Rs 1.5 lakh cr locked up in litigations

Samsung introduces range of `health' TVs

Farm Ministry plans to freeze paddy MSP — Under pressure to support farmers due to drought

Sardas may revise offer price for BSL — Promoters planning counter offer?

What put TVS Motor on the fast track again

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Aug. 18-Aug. 24
`Significant distortion' led to Wipro revision

Bharti may consider spreading its wings to additional circles

Pepsi, Punjab Govt sign deal for citrus cultivation

Maruti studying market for launch of Ignis

`Tata reputation will stand the test of time'

Shakti LPG turns sick — Net worth wiped out

M&M sees early break-even for Scorpio

`Right time for cos to tap forex loans'

JCB to acquire Escorts stake in joint venture


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line