The Hindu Business Line : Monday, October 21, 2002

Outward bound for inward gains
Today, outdoor training for employee is gaining in popularity among corporates. Why is the outdoor model important and how effective is it? A look at some of the activities that are included in such programmes and their significance to the corporat e world. More

MERGERS & ACQUISITIONS

Matrix Lab promoters plan to acquire controlling stake
THE promoters of Matrix Laboratories Ltd (MLL) - Mr N. Prasad & Associates - are planning to consolidate their holding in the company from the current level of 38.26 per cent in the existing paid-up equity base of Rs 7.18 crore. The move ... More

P&O seeks FIPB nod to invest in Adani Container
P&O Ports Pvt Ltd, Australia, has sought the Foreign Investment Promotion Board (FIPB) clearance to bring in $60 million towards equity stake in Adani Container Ltd, a wholly owned subsidiary of Adani Exports Ltd. The move from the Adani group ... More

NEW PROJECTS

Dev group sets up Shelter beach resort
SHELTER Beach Resort, a three-star beach property along the East Coast Road (ECR), is targeting conferences and incentives market. Set up at a cost of Rs 4.5 crore, this is the second hotel set up by the Dev Group of companies. According to ... More

5-star resort coming up at Kovalam
The resort is located about 16 km from Thiruvananthapuram, approximately an hour's flight from Colombo and Male. All three destinations are easily accessible by scheduled flights. More

Nagarjuna's refinery in TN close to financial closure
THE Nagarjuna group, which is in the process of establishing Rs 3,000-crore, 6-million-tonne refinery project in Cuddalore in Tamil Nadu, has announced that it is in the process of achieving "financial closure" shortly. A senior company ... More

Birla Electricals mulls plant in H.P.
BIRLA Electricals Ltd (BEL) is establishing an assembly line plant at Paonta Sahib in Himachal Pradesh for assembling De'Longhi range of products and other home appliances. The company will be investing Rs 25 crore over a period of two years ... More

ALLIANCES & JOINT VENTURES

Irish co in pact with ICM
CORNERSTONE International, software and training company of Ireland, has signed a service agreement with ICM Ltd of Hyderabad. As per the agreement, Cornerstone will carry out localisation system works to bring ICM's e-learning products in line ... More

INTERVIEW

`More FDI will help more exports of auto parts' — Mr Suresh Krishna, Chairman & MD, Sundram Fasteners
FIVE times `General Motors Best Supplier of the Year Award winner', Sundram Fasteners Ltd, is today an equation of some pluses and some minuses. On the positive side, the company has been able to derive support from the overseas market to beat ... More

`VAT needed to make India a single market'
THE Consumer Electronics and TV Manufacturers Association (CETMA) is keen to better the performance of an otherwise unpredictable consumer electronics industry. Mr Rajeev Karwal, the winner of CII's Young Manager's award this year, will don ... More

DIVERSIFICATION

Ginni Filaments mulls foray into non-wovens
THE Rs 172-crore Ginni Filaments Ltd, a 100 per cent export-oriented unit (EOU) engaged in cotton yarn and fabrics, plans to diversify into the manufacture of non-wovens. The company is currently in talks with technology suppliers in France and ... More

Microsec India diversifies into IT
MICROSEC India Ltd, a financial and business consulting firm, has diversified into information technology (IT). A new company, MIL Technologies Ltd, which has been set up for the purpose, will initially focus on IT in industry segments such as ... More

OUTLOOK

Royal Enfield set to make profit this year
RIDING on the success of its new launches, Royal Enfield, manufacturer of the Bullet motorcycle, will make profit this year after two years of being in the red. According to Mr Siddhartha Lal, Chief Executive of Royal Enfield, this year the ... More

PEOPLE

Pathan, Resident Director of Tatas in Delhi
THE Tatas have appointed Mr M.A. Pathan, former Chairman, Indian Oil Corporation, as the group's Resident Director in Delhi. Mr Pathan will represent Tata Group's interests in matters pertaining to Government affairs, according to a press ... More

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Sen Committee report — Food security and its design

Finance Ministry rejects crude royalty proposal — Gujarat, Assam may lose Rs 350 crore

`More FDI will help more exports of auto parts' — Mr Suresh Krishna, Chairman & MD, Sundram Fasteners

`Stock valuation at the lowest in a decade'

Village telephony: Operators rapped for seeking USO fund

Armed with securitisation Ordinance — PSBs not keen to shift bad loans to asset revamp company

In Depth
Gender Justice

Simple Economics

Small Investor

Looking back
Oct. 13-Oct. 19
Packaging matters as much as foodstuff inside