The Hindu Business Line : Sunday, November 24, 2002

Jindal's ferro alloys unit resumes production
JINDAL'S ferro alloys unit at Kottavalasa near Visakhapatnam resumed production recently following an agreement with its employees and contractors. Owing to the non-finalisation of the agreement, the Jindal unit was the only ferro alloy units ... More

Mallya to bring US beer biz under UB fold
THE United Breweries group Chairman, Dr Vijay Mallya, today said that he would bring his US beer business into the UB group fold. The US-listed entity, Mendocine Breweries Ltd, which is majority owned by Dr Mallya personally, will be ... More

OPEN OFFERS

ACC-Gujarat Ambuja issue — A test-case in control
WILL the Securities and Exchange Board of India (SEBI) order Gujarat Ambuja to make an open offer at Rs 370 per share for ACC? It well may do so. But it may not have the last word, as Gujarat Ambuja may contest in higher legal forums any order ... More

Grasim open offer for L&T — SEBI may slap notice on Morgan Stanley
THE Securities and Exchange Board of India is likely to issue a show-cause notice to J.M. Morgan Stanley, merchant banker to the Grasim open offer to L&T shareholders, for the delay in disclosing the regulator's advice to put on hold the open ... More

Who stands where?

The definition of `control' in the SEBI Takeover Code is an inclusive one and enables SEBI to determine the nature of control through enquiry.

Management control may confer sufficient hold over a company in normal circumstances and only ... More

L&T open offer — SEBI rightly puts Grasim on the mat
THE Securities and Exchange Board of India has taken the right course in putting on hold Grasim's open offer at Rs 190 per share for Larsen & Toubro. SEBI had initially failed to critically evaluate the Grasim-Reliance deal (priced at Rs 306 per ... More

COURTS/LEGAL ISSUES

Hearing over in Jessop case; verdict reserved
MR Justice K.J. Sengupta of the Calcutta High Court on Thursday heard the submission of the counsel of Jessop & Co Ltd Staff Association and concluded the hearing pursuant to an order passed by the Supreme Court. Judgement is kept reserved. The ... More

TAXATION

Kelkar Committee Recommendations — A mixed bag for the corporate sector
THE task force headed by Dr Vijay Kelkar has submitted its recommendations on the taxation reforms that need to be introduced for the smooth and proper administration of the tax law, and also improve the tax collections. In this light, the task ... More

TRADE & LABOUR UNIONS

Jindal plan proves our point, say Salem Steel workers
SAVE Salem Steel Committee, the umbrella employees' forums of Salem Steel Plant (SSP) opposed to the divestment of the special steel-making unit by Steel Authority of India Ltd (SAIL), has pointed out that Jindal Strips Ltd, the lone bidder , ... More

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In Depth
Gender Justice

Simple Economics

Small Investor

Looking back
Nov. 17-Nov. 23
Public floats may come under tougher scrutiny

`We are in no hurry for IPO' — Mr Kwang-Ro Kim, MD, LG Electronics India

Bridgestone plans to make commodity grade tyres — To buy out ACC, Tata Engg stakes

Ford suppliers undergoing quality certification

Unpaid dividends, matured deposits, debentures — Auditors may have to attest co declaration

Duncans to hive off loose tea retail biz

SEBI, Grasim tread the thin line of demarcation