The Hindu Business Line : Thursday, December 05, 2002

Bilt may set up paper trading arm
BALLARPUR Industries Ltd (Bilt) of the L.M. Thapar group is actively considering to set up a separate subsidiary company to exclusively undertake trading activities on paper and paperproducts. This was indicated by Bilt's Chairman, Mr L.M. ... More

L&T likely to take stake in Jaipur-Kishangarh project
LARSEN & Toubro Ltd, which had lost out in the bid for the improvement of the Jaipur-Kishangarh of NH-8 when fresh bids were invited, is likely to take an equity stake in the project. It is also likely to be the contractor to execute the ... More

Bajaj to shed light on National Games stadiums
THE 32nd National Games, beginning here on December 13, will have modern lighting designed and installed by Bajaj Electricals Ltd (BEL). The company has installed lighting at all the eight stadiums where the games will be held, at a cost of Rs ... More

Credit info bureau favours more investors on its board
CREDIT Information Bureau (India) Ltd (Cibil) is toying with the idea of taking on board more shareholders who would also use the bureau's services. According to Mr S.R. Iyer, Chairman, Cibil, the board informally discussed the idea that the ... More

IOC moves up in Fortune ranking
KOLKATA, Dec. 4OIL major Indian Oil Corporation (IOC) has moved up a notch - from 18 to 17 - in the Fortune list of the 26 largest petroleum-refining companies in the world. An IOC release said that for the eighth successive year, IOC ... More

OPEN OFFERS

Grasim-L&T case: Bajpai assures early decision
THE SEBI Chairman, Mr G.N. Bajpai, has promised that the capital market regulator would complete its investigations on Grasim's acquisition of initial stake in L&T without much delay. SEBI has started investigations into Grasim's acquisition of ... More

RESTRUCTURING

Madhusudan group hives off sanitaryware biz
THE Ahmedabad-based Madhusudan group has formally spun off its sanitaryware business into Cera Sanitaryware Ltd (CSL), a separate listed company. According to Mr Vikram Somany, Chairman of the Rs 110-crore Madhusudan group, the move has been ... More

MERGERS & ACQUISITIONS

ONGC pact to buy stake in Nile project
ONGC Videsh has signed an agreement with Talisman Energy Inc of Canada to acquire 25 per cent interest in the Greater Nile project, an oil field in Sudan which has oil reserve of 150 million metric tonne with an upside potential of even more oil ... More

Telephoto Entertainment to merge with In House
THE board of directors of Telephoto Entertainment Ltd (TEL) has approved the merger of the company with the Mumbai-based content creation company, In House Productions Pvt Ltd (IHPL). According to a press release, the existing shareholders of ... More

SICK UNITS

MFL in talks with Govt, FIs for revamp package
MADRAS Fertilizers Ltd is in discussions with financial institutions and the Government for financial assistance cum capital restructuring package, according to Mr Sukumar N. Oommen, Chairman and Managing Director, Madras Fertilizers Ltd ... More

PERFORMANCE

Eicher Motors sales up 38% in November
EICHER Motors Ltd (EML) has registered 38 per cent growth in domestic sales of its commercial vehicles in November over the corresponding month last year. Sales of Eicher commercial vehicles in the domestic market during November was 861 ... More

Honda Siel sales up 31 pc

PEOPLE

Kudremukh Iron gets new CMD
MR P. Ganesan has assumed charge as the new Chairman and Managing Director (CND) of the Kudremukh Iron Ore Company Ltd (KIOCL). Mr Ganesan has been appointed as the new CMD following the retirement of the incumbent Mr P. Murari. Mr Murari with ... More

Scoreboard
SE Diary

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

Pick a Winner Stock Market Contest

Nokia announces GSM solution for WLL

Space scientists forecast kharif rice output at 66 mt

New CRR norm puts banks off-balance

`Handset smuggling to cost Govt Rs 5,390 cr'

Direct tax receipts slow down in April-Nov period

Farm, allied products boost export growth — Plantations, leather fare poorly

In Depth
Gender Justice

Simple Economics

Small Investor

Looking back
Nov. 24-Nov. 30
Maruti may file public issue draft prospectus next month

Bangalore Court restrains UB from buying Mallya's US assets

Infotech on verticalisation drive to boost expertise

`You can't open up economy with a small window' - Mr Hari N. Harilela, Chairman, Hong Kong-based Harilela group

HPCL, GAIL form venture to sell eco-fuels in AP