The Hindu Business Line : Wednesday, December 04, 2002

Nature Essence plans direct selling
TREATMENT and aromatherapy cosmetics company, Nature Essence Pvt Ltd, has announced a foray in the premium, herbal cosmetics market under the brand Persona by Nature's. The Persona range comprises six differentiated categories of personal care ... More

Essar Power prepays UTI Rs 37-cr loan
ESSAR Power Ltd today said it has prepaid non-convertible debentures worth Rs 37 crore to the Unit Trust of India, raised in 1997 at 20 per cent to finance the company's 515-MW plant at Hazira, three months ahead of schedule. According to the ... More

Legato bags HECL order
LEGATO Systems India has announced that Hughes Escorts Communications Ltd. (HECL) has chosen its NetWorker to provide comprehensive data back-up, services to its customers. According to a statement from the company, the selection of Legato's ... More

Cintec Intl keen on Indian operations
CINTEC International Ltd, a South Wales, UK-based company, specialising in structural reinforcement systems, says it is considering setting up a plant in India to offer its technology. Its Managing Director, Mr Peter James, who was part of a ... More

Reliance cuts product prices

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SEBI has to dig up Grasim `say' in L&T
EXAMINATION of certain key personnel of Larsen & Toubro will be one of the next steps of the Securities and Exchange Board of India in its bid to further substantiate its premise that Grasim is already controlling the engineering and cement ... More

CORPORATE DISPUTES

Shishir's Bajaj Auto stake on the block
MR Shishir Bajaj, estranged scion of the Bajaj family, is understood to have put his shareholding in group flagship Bajaj Auto on the block at a premium of more than 20 per cent. According to sources, Mr Shishir Bajaj, brother of Mr Rahul ... More

AWARDS & HONOURS

Hamdard bags PHDCCI brand equity award
HAMDARD Laboratories has bagged the PHD Chamber of Commerce and Industry (PHDCCI) Brand Equity Award for its `Rooh Afza' brand and Mr Analjit Singh, Chairman of Max India Ltd, was given the `Distinguished Entrepreneurship Award' while Associated ... More

CORPORATE GOVERNANCE

Corporate governance rating won't be made mandatory now
RATING of corporate governance practices of listed companies will not be made mandatory for the time being, the Chairman of the Securities and Exchange Board of India (SEBI), Mr G.N. Bajpai, said here on Tuesday. "We are not going to make it ... More

ALLIANCES & JOINT VENTURES

Escorts ties up with Sentec for injection systems
ESCORTS Auto Components Ltd (EACL) on Tuesday announced that it has signed a technical collaboration agreement with Sentec E&E Company Ltd of Taiwan (Sentec) to manufacture secondary air injection systems (SAI) for two-wheelers. Under the ... More

INTERVIEW

`One-man leadership is not relevant'
One of the biggest challenges confronting Indian businesses in this time of transition is able leadership that can see the big picture in an increasingly global economy. Recognising the critical role that leadership will have to play as ... More

`Kudremukh will find new openings to survive'
THESE are troubled and uncertain times for Kudremukh Iron Ore Co Ltd (KIOCL). The company has been pitted against environmentalists ever since its mining lease in the Western Ghats expired in November 1999. On October 30 this year, it lost the ... More

DIVERSIFICATION

Luxor plans to diversify into packaged water
"Luxor intends to tie up with an international player for its water business." More

SICK UNITS

Pennar debt revamp scheme cleared
PAVING the way for an early revival of Pennar Industries Ltd (PIL), the ailing cold rolled steel strips manufacturer that suffered complete erosion of net worth, the lenders and members of the corporate debt restructuring (CDR) Forum led by the ... More

OUTLOOK

Madura Garments to tap fashion accessories
MADURA Garments, from the A.V. Birla group, intends to tap the market for fashion and style accessories. This segment of the domestic market is estimated to be worth Rs 1,200 crore per annum. Currently, branded accessories account for just 20 ... More

Polaris sees steady growth at 5-8% post-merger
REVENUE of Polaris Software Lab Ltd, post-merger with Citigroup's unlisted technology arm Orbitech Solutions, is likely to grow five to eight per cent every quarter in the next financial year, the Chairman and Managing Director, Mr Arun Jain, ... More

PEOPLE

Sulajja, Krishna among WEF global leaders

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