The Hindu Business Line : Saturday, October 12, 2002

Sathavahana Ispat shuts down plant for repairs
SATHAVAHANA Ispat Ltd (SIL), the Hyderabad-based Rs 94-crore pig iron and granulated slag manufacturer, has decided to temporarily shut down its plant, located at Haresamudram in Anantapur district of Andhra Pradesh, to carry out repairs. The ... More

Eicher opens workshop in Kochi
IN a move to strengthen its presence and operations in the South, Eicher Motors Ltd has opened a modern workshop and dealership in the State. The workshop is located in Kochi while the new dealership, the fourth one in the State, will be at ... More

ACCOUNTING STANDARDS

Profit, loss route to forex adjustments
"The existing treatment requires exchange differences on repayment of liabilities incurred for acquisition of assets to be loaded in the cost of assets. Now such differences will have to be charged to the profit and loss account." More

HUMAN RESOURCES

Captains underline need for good governance
"THE new face of competition is the human face,'' said Mr S.K. Bijlani, Chairman, CII (Northern Region), as he opened the organisation's third HRM Summit here. Mr Rajendra Pawar, Chairman of NIIT Ltd, delivering the keynote address, emphasised ... More

MERGERS & ACQUISITIONS

ONGC-MRPL deal to be reviewed
THE Government is set to review the proposed acquisition of Mangalore Refineries and Petrochemicals Ltd (MRPL) by Oil and Natural Gas Corporation (ONGC). According to officials, the Finance Ministry has sought clearance of ONGC's investment ... More

CORPORATE GOVERNANCE

Panel for greater disclosure of intra-group transactions
COMPANIES may soon have to disclose the identity of lenders from whom they have borrowed monies either directly or indirectly. The Working Group on Corporate Governance constituted by the Department of Company Affairs (DCA) is in favour of ... More

ALLIANCES & JOINT VENTURES

Havell's India in marketing pact with Dubai co
HAVELL'S India Ltd, one of the leading manufacturers of low voltage electrical distribution products in the country, has entered into a tie-up with the Dubai-based Bahri & Mazroei Trading Company (BMTC) for marketing electrical products in West ... More

VSNL, ITXC in long-distance pact
THIRUVANANTHAPURAM: Videsh Sanchar Nigam Ltd (VSNL) and ITXC Corp, an international wholesale voice carrier, have announced that VSNL will implement long distance services with ITXC. Under the agreement, VSNL will interconnect to ... More

Satyam ties up with Inktomi
HYDERABAD: Satyam Computer Services Ltd has announced an alliance with Inktomi Corporation, the US-based NYSE-listed provider of information retrieval solutions. In a press release here, the company said under the agreement it would ... More

INTERVIEW

`Maruti has no plans to jettison 800 cc' — Mr Kinji Saito, Director (Marketing and Sales), MUL
The public issue is for the Government to decide. We are supporting it - both Maruti and Suzuki. But it is an issue for the Government to decide - when and how to go about it. We are waiting for the Government decision. More

SICK UNITS

BIFR dismisses Siris India reference
THE Board for Industrial and Financial Reconstruction (BIFR) has dismissed the reference of Andhra Pradesh-based Siris India Ltd (SIL). The reference was dismissed on account of the delay of nine days on the company's part in filing the duly ... More

OUTLOOK

Hooghly bridge dues dog BBJ
IT took 20 years to complete and now a decade after, the Second Hooghly bridge is giving sleepless nights to the company that helped complete it - the public sector Braithwaite Burn and Jessop Construction (BBJ) company. This because the ... More

LG Electronics to invest Rs 500 cr in Indian arm
CONSUMER electronics and home appliances manufacturer, LG Electronics Ltd, will invest approximately Rs 500 crore in its India operations over the next three years to rapidly expand its capacities and product portfolio, Mr K.R. Kim, Managing ... More

`South emerging market for laser printers'
THE small and medium enterprises (SME) and desktop publishing (DTP) are the two segments which have contributed to the growth of the laser printers, according to Mr Anish Srikrishna, Country Product Manager, Samsung Electronics India Information ... More

Taj group looking to expand Gulf presence
THE Taj group of Hotels, Resorts and Palaces is keen to expand its presence in the Gulf and is looking seriously at a beach resort in Dubai's upscale Jumeirah area, following the good growth in business registered by the Taj Palace Hotel in ... More

Mott MacDonald's Indian arm to be developed into a hub
MOTT MacDonald, the British engineering, management and business consultancy firm, wishes to develop its Indian outfit into a hub to cater to bulk of its industrial consultancy work throughout the world. As a first step, the company has already ... More

PERFORMANCE

Eicher Motors vehicle sales up 47% in Sept
EICHER Motors Ltd, leading manufacturer of trucks and buses, has recorded a growth of 47 per cent in the sale of commercial vehicles during the month of September this year over the corresponding month last year. The company had sold 1,254 ... More

Scoreboard
SE Diary

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

Pick a Winner Stock Market Contest

`Maruti has no plans to jettison 800 cc' — Mr Kinji Saito, Director (Marketing and Sales), MUL

Cap on health riders in life policies — IRDA makes insurers uneasy

Rs 458-cr Jute Tech Mission to be launched soon

Manufacturing lifts industrial output to 5.7 pc in August

Homing in on luxurious living

In Depth
Gender Justice

Simple Economics

Small Investor

Looking back
Sep. 29-Oct. 5
IOC awaits Govt nod for 10 pc equity issue — Plans Rs 30,000-cr investments in 10th Plan

Four Ranbaxy products go over-the-counter

IOC in talks with banks to monetise bonds

Continental forays into 2-wheelers with Metro

Fiat unveils upgraded Palio — `Doblo' MUV undergoing tests