The Hindu Business Line : Saturday, November 23, 2002

DVC plans to set up plant near Durgapur Steel
DAMODAR Valley Corporation (DVC) is planning to set up a 1,000-MW power plant near the Durgapur Steel Plant (DSP). The project which is proposed to be commissioned by 2006-07 will come up partly on DSP land and partly on Government land, ... More

Apollo opens Rs 25-cr cancer facility in Delhi
THE Apollo Hospitals group has formally thrown open its Apollo Cancer Institute at Indraprastha Apollo Hospitals, in the Capital. This would be the third such facility, exclusively for cancer, from the hospital group, which has two other ... More

Anti-infective drug from Alembic soon

OPEN OFFERS

SEBI, Grasim tread the thin line of demarcation
"THE L&T open offer (by Grasim) is certainly not a test case for corporate governance. We have followed the law by the book in making the offer." — Mr Kumar Mangalam Birla, Chairman, Grasim Industries, on the sidelines of a ... More

CORPORATE DISPUTES

Fresh offer on Herbertsons dispute — Mallya may give BDA back to Kishore
THE UB group Chairman, Mr Vijay Mallya, is making a fresh bid to settle the long-running dispute with Mr Kishore Chhabria for control over Herbertsons Ltd. For the first time, Mr Mallya has expressed his willingness to offer an exit option to ... More

Panna-Mukta fields — ONGC asks Govt to invoke termination notice on BG
BG and ONGC have been suggesting different management models from time-to-time, each of which was rejected by the counter party. More

O'Neill says good governance can attract US investments
THE US Treasury Secretary, Mr Paul H. O'Neill, today emphasised the need for good governance and following the rules of law. He said India's strong English language skills and democratic Government should make it the preferred choice of US ... More

AUDITING

Unpaid dividends, matured deposits, debentures — Auditors may have to attest co declaration
AUDITORS may soon be required to certify the correctness of management's disclosure on unpaid dividends, unpaid matured deposits and debentures to the Investor Education & Protection Fund (IEPF) in the financial statements of companies. The ... More

RESTRUCTURING

Duncans to hive off loose tea retail biz
THE Duncans have decided to segregate their branded loose tea retailing business, which is called Duncans Tea House, into a separate company sometime by the end of the current financial year. At present, this business is run by a small and ... More

MERGERS & ACQUISITIONS

FIPB rejection trips Tata Tele-HNS Inc share arrangement
THE Foreign Investment Promotion Board (FIPB) has rejected Tata TeleServices Ltd's (TTL) proposal to issue redeemable preference shares (RPS) and warrants against receivables to Mauritius-based HNS Inc. The RPS and warrants together amounted to ... More

NEW PROJECTS

NTPC plans arm for small hydel projects
"So far, 17 States had signed the tri-partite agreements (TPA) under the scheme for one time settlement of SEB dues. This had led to securitisation of all outstanding dues to NTPC by SEBs of the 17 States." More

TRADE & LABOUR UNIONS

Move on wage freeze, job cuts irks Saregama unions
A MOVE by the management of Saregama India Ltd (SIL) to freeze wages and reduce manpower has irked the unions. The majority union is planning to seek legal redress if the management persists with its move. Airing their grievances for the first ... More

ALLIANCES & JOINT VENTURES

UB, Hilton in talks for hotel
THE UB group is in talks with the international hospitality chain, Hilton, to develop a luxury hotel property in Bangalore city, Mr Vijay Mallya, Chairman, UB group, said. UB is eying joint venture development of the hotel property in which the ... More

PERFORMANCE

Siemens net rises 26 pc as all divisions post profits after 6 years
SIEMENS Ltd today reported a 26 per cent rise in profit after tax to Rs 86.56 crore for the year ended September 30, 2002, as against the Rs 68.72 crore of the previous fiscal. The company's board has recommended a final dividend of 25 per ... More

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Pick a Winner Stock Market Contest

Cabinet security panel favours tonnage tax

SEBI, Grasim tread the thin line of demarcation

Mudra takes plunge into DM with One-to-One

Duncans to hive off loose tea retail biz

CFM: An evolving new tribe

Govt to relax FDI rules

In Depth
Gender Justice

Simple Economics

Small Investor

Looking back
Nov. 10-Nov. 16
`Auditors must be accountable to the company's board'

Coca-Cola `committed' to divesting 39 pc

MS, Wipro may go hand in hand to take on IBM — To enter into BPO relationship soon

Cost-cutting, exports are India Inc's new mantras

`More focus on exports, heavy vehicles' - Mr Rakesh Kalra, Chief Executive, Eicher Motors

MindTree sees huge healthcare prospects