The Hindu Business Line : Wednesday, November 13, 2002

Shiva Cement extends accounting period — To make full use of capacity expansion
Despite extending the accounting period, Shiva Cement is unlikely to register any profit because the cement prices have started firming up only in July. Moreover, the production unit was closed for three months from August 2001. More

Bannari Amman Sugars generator order for BHEL
BHARAT Heavy Electricals Ltd (BHEL) has an order worth Rs 15.5 crore for supply of a 20 MW steam turbine generator (STG) to Bannari Amman Sugars Ltd (BASL) for their Nanjangud sugar factory near Mysore. According to an official release, the ... More

DCI pays Rs 21-cr dividend to Govt
DREDGING Corporation of India (DCI) has paid a dividend of Rs 20.7 crore to the Union Government for 2001-2002 on the strength of a Rs 500-crore turnover, which was 25 per cent higher than the previous year, an official statement said here on ... More

PRIVATE PLACEMENT

Coca-Cola `committed' to divesting 39 pc
AFTER having offloaded 10 per cent shares in favour of its employees, Coca-Cola India said it was "committed" to divesting 39 per cent additional equity by February 28, 2003, in accordance with the Government stipulation, to business associates ... More

AWARDS & HONOURS

ECIL Chairman bags award
THE Chairman & Managing Director of the Electronics Corporation of India Ltd (ECIL), Mr V.H. Ron, has been awarded the lifetime achievement award 2002 for steering the company to a new high in turnover. The award is instituted by the ... More

RESTRUCTURING

PepsiCo moves to create regional market units
SOFT drinks major PepsiCo India Holdings has undertaken an exercise to reconfigure its existing regional management structure. According to a Pepsi official, the organisation structure within the company's market units is being reconfigured, ... More

MERGERS & ACQUISITIONS

Govt rejects Shell plea to waive divestment rule
THE Government has rejected outright global energy giant Shell group's request for a waiver of the mandatory divestment of 26 per cent equity stake in its Indian subsidiary Shell India Private Ltd in favour of resident Indian shareholders. The ... More

CORPORATE GOVERNANCE

Narayana Murthy to head corporate governance panel
THE Securities and Exchange Board of India (SEBI) has roped in Mr N.R. Narayana Murthy, Chairman, Infosys Technologies, to head the committee on corporate governance to review implementation by listed companies. Mr J.R. Verma headed the ... More

INTERVIEW

`Depressed cement prices a short-term phenomenon'
FROM his fifth floor office, he may not have a clear view of the Chennai skyline. But, with a few clicks on the mouse, Mr A.V. Dharmakrishnan, Senior Vice-President - Finance, Madras Cements Ltd, is in a position to know what is ... More

SICK UNITS

BIFR calls for winding up of Triveni Structurals
IN the light of State Bank of India's (SBI) report, the Board for Industrial and Financial Reconstruction (BIFR) has concluded that the ailing Triveni Structurals Ltd (TSL) cannot be revived. The board has formed a prima facie opinion that ... More

OUTLOOK

ABB hopes to maintain margins at 10 per cent
ENGINEERING automation firm ABB Ltd expects its operating margins to stay at 10 per cent in the current financial year. The operating margins slipped to 8.4 per cent in the September quarter from 10.4 per cent sequentially as its offerings ... More

Tata Tele sees profit `after 4-5 years'
TATA Teleservices Ltd, which expects to double its turnover annually for the "next 2-3 years", is likely to report profit "after 4-5 years", according to the Mr S. Ramakrishnan, Managing Director. "We expect to report break-even at operations ... More

PERFORMANCE

Screen looks blurred for Balaji Telefilms
DESPITE an impressive financial performance during the second quarter of the current fiscal, Balaji Telefilms Ltd's stock movement watchers are cautious about the sustainability of the company's performance in the future. The company had ... More

IRFC pays Rs 100-cr dividend, posts Rs 292-cr profit
INDIAN Railway Finance Corporation (IRFC) has posted a profit after tax of Rs 291.8 crore for 2001-02 and declared a dividend of 43 per cent amounting to Rs 100 crore. The dividend is the highest-ever paid by IRFC to the Indian Railways. The ... More

PEOPLE

Kalyanasundaram is GlaxoSmithKline MD
MUMBAI: GlaxoSmithKline International on Tuesday announced that Mr S. Kalyanasundaram has been appointed as the Managing Director of Glaxo SmithKline Pharmaceuticals Ltd, India. Mr Kalyanasundaram's appointment will be effective from ... More

Scoreboard
SE Diary

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

Pick a Winner Stock Market Contest

Glimmer of peace in Sri Lanka

Colour TV makers gung-ho over festival sales — Durables see flat growth; home appliances drop

Coca-Cola `committed' to divesting 39 pc

3 crore Indians are diabetic: WHO

Risk-profile onus falls on banks

In Depth
Gender Justice

Simple Economics

Small Investor

Looking back
Nov. 3-Nov. 9
Treat investors' complaints lightly... at your own cost

Nortel to focus on CDMA first for 3G shift

`Broom' campaign by Bhopal victims against Dow Chem