Financial Daily from THE HINDU group of publications
Wednesday, September 25, 2002
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Financial Daily from THE HINDU group of publications Wednesday, September 25, 2002 |
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CORPORATE ANNOUNCEMENTS L&T bags two Kuwait contracts LARSEN & Toubro Ltd has bagged two engineering, procurement and construction contracts from Kuwait National Petroleum Company valued at $14.1 million and $10.7. The contracts are for revamp of KNPC's sulphur recovery units at their refineries ... More PREFERENTIAL ALLOTMENTS BSE to probe pref issues of 5 cos EMBOLDENED by a ruling by the Securities Appellate Tribunal (SAT) in its favour, the Bombay Stock Exchange (BSE) has decided to probe preferential issues of five companies. According to BSE sources, a chartered accountant firm has been ... More OPEN OFFERS Madura Coats offer gets FIPB approval THE Foreign Investment Promotion Board has approved the open offer of J&P Coats Ltd and Coats plc to acquire 36.8 per cent share capital of Madura Coats Ltd for Rs 40 per share. The open offer will open on September 25 and close on October 24, ... More OVERSEAS BORROWINGS Firm rupee boosts corporate leveraging THE gearing ratios of corporates in the country have improved considerably, with the strengthening of the rupee against the dollar in the last few weeks. The rupee has strengthened by close to 70 paise per dollar since April, induced by strong ... More AWARDS & HONOURS Samsung India wins award SAMSUNG India Electronics Ltd, the Korean consumer electronics major, has won the first prize in the `consumer electronics' category at the annual `Awards for excellence in electronics', instituted by the Department of Information ... More MANPOWER Glaxo VRS for Ankleshwar unit MUMBAI: GlaxoSmithKline Pharmaceuticals Ltd has informed BSE that its board has approved a Voluntary Retirement Scheme (VRS) for workmen of the Ankleshwar factory. A VRS package in terms of the approved scheme will be offered to them. ... More RESTRUCTURING HPL board meet to review IDBI-okayed restructuring plan THE board of Haldia Petrochemicals Ltd (HPL) which is slated to meet next week, will review the `in principle' nod given by Industrial Development Bank of India to the company's restructuring proposal, which has been pending for over a year ... More
Hinduja TMT may merge media arms MERGERS & ACQUISITIONS Promoters, Templeton to hike stake in Aurobindo THE promoters of Aurobindo Pharma Ltd (APL), the Rs 1,050-crore major, and Templeton Strategic Emerging Markets Fund LDC, are set to acquire 10.5 lakh equity shares of the company, which amounts to 4.52 per cent on the expanded equity base. The ... More
Promoters to hike stake in Padamalaya Tele CORPORATE GOVERNANCE `Corporate governance norms need relook' THE Federation of Indian Chambers of Commerce and Industry (FICCI) today called for a relook at the existing norms for corporate governance to ensure better compliance of corporate standards. "To achieve better compliance of corporate ... More REGULATORY BODIES & RULINGS DCA puts one more official member on ICWAI council IN a bid to tighten its grip on the functioning of the Institute of Cost and Works Accountants of India (ICWAI), the Department of Company Affairs (DCA) has increased the number of its official nominees in the central council of the ... More ALLIANCES & JOINT VENTURES APSTC inks pact with two Malaysian cos THE Andhra Pradesh State Trading Corporation (APSTC) has entered into a MoU with two Malaysian companies, IOI Berhad and PKPS, both of Kuala Lumpur, to help in the promotion of its activities, according to Mr. S. Balasubrahmanyam, Managing ... More INTERVIEW 
`New forays will provide the spark to Indian Rayon growth'INDIAN Rayon and Industries Ltd (IRIL), having identified its diverse businesses as asset-intensive and not so asset-intensive, expects its new businesses to provide a major boost to its turnover growth. Our existing businesses such as VFY, ... More BONUS ANNOUNCEMENTS 1:10 bonus from Beeyu Overseas BEEYU Overseas Ltd has decided to go in for a bonus share issue at a ratio of 1:10. The entire issue will be funded out of the company's general reserves. Currently, Beeyu Overseas' capital base is Rs 5.32 crore comprising 53.19 lakh equity ... More OUTLOOK SAIL hopes to break even STEEL Authority of India Ltd (SAIL) is likely to break even this fiscal provided the prevailing market uptrend persists, according to the Chairman of the State-owned steel major, Mr Arvind Pande. Addressing shareholders at the 30th annual ... More ECONOMIC OFFENCES I-T raids on Parekh Platinum PAREKH Platinum Ltd was on Tuesday raided by the income-tax authorities, allegedly for concealing income. According to I-T sources, raids were continuing late in the evening. The I-T authorities have also conducted countrywide raids on Pest ... More PEOPLE Changes at Kellogg's MR R.C. Venkateish, Managing Director, Kellogg's India, has been promoted as Managing Director of the multinational breakfast major's operations in Japan. Replacing him in India is Mr Navneet Saluja, hitherto Director (Sales & Marketing), who ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Sep. 15-Sep. 21 `We will bid for SCI at realistic levels' — Mr Sashikant Ruia, Chairman of Essar group India Cements in talks with lenders for debt recast No RBI approval needed for prepaying ECBs up to $100 m NHPC hopes to be off Govt aid by 2008-09 Electrolux Kelvinator board okays cut in offer size of rights issue Global operations to drive Asian Paints' sales |
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