Financial Daily from THE HINDU group of publications
Wednesday, September 04, 2002
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Financial Daily from THE HINDU group of publications Wednesday, September 04, 2002 |
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CORPORATE ANNOUNCEMENTS Mascot says no immediate plan for China MASCOT systems has announced that its Chinese engagement is a long-term initiative and there are no immediate plans to set up a global development centre in China to service General Electric, its biggest client. Following this announcement the ... More
Salem Steel bags order for `railmart' BUYBACK SRF buyback NEW DELHI: The board of directors of nylon tyre cord fabric manufacturer SRF Ltd has approved a buyback of up to a maximum of 9.70 million equity shares of the company, representing about 15 per cent of fully paid-up equity share capital ... More ACCOUNTING STANDARDS Accounting norms advisory panel to be reconstituted THE Union Government is all set to extend the term of the National Advisory Committee on Accounting Standards (NACAS), following the completion of the earlier specified term of the 12-member committee. "NACAS's term has just ended and we will ... More PREFERENTIAL ALLOTMENTS Postal ballot to include pref allotment, management change PREFERENTIAL allotment of shares and change in management are also to be subjects in terms of the Second Amendment Regulations 2002 under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) for passing of ... More CORPORATE DISPUTES Almatti insurance bids — United India moves TAC THE public sector United India Insurance Company Ltd (UIIL) has moved the Tariff Advisory Committee (TAC) on the bids made by the private sector for the Almatti Dam Power project. The TAC is an arm of the Insurance Regulatory and Development ... More
Broadcasters, advertisers in talks over service tax MANPOWER Bajaj Auto likely to cut more jobs TWO-WHEELER major Bajaj Auto is likely to prune its workforce further as a part of its cost-cutting initiative. "We want to rationalise our workforce from the current 13,500 to 10,000 people in the next 4-5 years," Mr Sanjiv Bajaj, ... More RESTRUCTURING Bajaj Electricals reorgansies into 5 strategic business units BAJAJ Electricals today announced it has reorganised operations under five strategic business units (SBUs) and is planning to have a mix of outsourced and self-manufactured products to leverage its brand strength. The SBUs would be Engineering ... More MERGERS & ACQUISITIONS Alstom mulls merger for single identity THE management of Alstom Ltd is considering merging the company into Alstom Power India Ltd to create a single face of the Alstom group and provide an end-to-end solution to the ultimate customer. This was stated by Mr Krishna Pillai, Deputy ... More
Jubilant to take up Max Pharma acquisition today NEW PROJECTS NTPC to float arm for power trading — Maiden deal with Kayamkulam THE Rs 20,000-crore National Thermal Power Corporation Ltd (NTPC) plans to enter power trading. It is in the process of incorporating a subsidiary company for this purpose. NTPC's Chairman and Managing Director, Mr C. P. Jain, told Business ... More
Tigarbo to set up plant for making concrete mixers ALLIANCES & JOINT VENTURES VIP Ind sets up joint venture in Bangladesh VIP Industries Ltd proposes to set up joint venture companies in four countries in Asia, West Asia and Africa. Mr Dilip Piramal, Chairman, VIP Industries Ltd, today said the company had identified Iran, Sri Lanka, Nigeria and Vietnam for ... More INTERVIEW 
`Usha Beltron talking to Jharkhand Govt for taking over iron, coal mines'USHA Beltron Ltd is a diversified engineering company controlled by the B.K. Jhawar group. The company manufactures steel, wire and wire ropes and jelly-filled telephone cables. The Rs 900-crore company has units in Ranchi, Jamshedpur, Agra ... More OUTLOOK 
L&T unit exploring tie-ups in W. Asia — Eyes Rs 4,400-cr turnoverLARSEN & Toubro's Engineering, Construction and Contracts (ECC) division hopes to record a turnover of Rs 4,400 crore during fiscal 2002-03. This performance would represent a 22.20 per cent growth to the turnover of Rs 3,600 crore recorded last ... More
LML to go full throttle in South
Power tariff hike adds to Binani Zinc woes PERFORMANCE Bajaj Tempo April-Aug sales up 23 pc BAJAJ Tempo, manufacturers of light commercial vehicles, utility vehicles, three wheelers and tractors, has recorded an overall growth in sales of 23 per cent across its product range during the period, April to August of the current financial ... More PEOPLE Natarajan is new CMD of BEML MR V.R.S. Natarajan, Director (Personnel), at the public sector Electronics Corporation of India Ltd (ECIL) here would be the new Chairman and Managing Director (CMD) of the Bharat Earth Movers Ltd (BEML), Bangalore. Mr Natarajan would be ... More
Angara, Narayanan back in BPL Mobile TRENDS 
Look who turned up for beer partyIT turned out to be a party that surprised the host! Last Wednesday, the UB group Chairman, Mr Vijay Mallya, walked late into a Shaw Wallace party to promote Haywards 2000 beer at the J W Marriot hotel in Juhu, Mumbai. Shaw Wallace says no invite ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Aug. 25-Aug. 31 Rain Calcining contests wheeling charges order `BG Group ready to pump in $250 m more in India' Dr Reddy's in healthy frame — To tap US market with branded formulations What put TVS Motor on the fast track again Sardas may revise offer price for BSL — Promoters planning counter offer? Bajaj gearing up for `rural bike' launch SEBI proposes `corporate governance rating' soon — In touch with Crisil, ICRA |
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