The Hindu Business Line : Saturday, December 07, 2002

Bhopal tragedy: Beyond the gas
DECEMBER 3, the day on which, 18 years ago, over 40 tonnes of the highly poisonous methyl isocyanate gas leaked out of the Union Carbide pesticide plant in Bhopal, killing 80,000 people in three days and over 20,000 more subsequently, passed like ... More

ANNOUNCEMENTS

Hyundai Accent price hiked
HYUNDAI Motor India Ltd has announced an approximately three per cent increase in the price of its mid sized sedan, Accent. The price hike reflects an increase in input costs and is currently applicable only on the GVS variant, according to a ... More

Bhagyanagar Wood Plast to close PVC unit
BHAGYANAGAR Wood Plast Ltd, the Hyderabad-based PVC pipes manufacturer that diversified into software solutions business, has decided to close down its PVC pipes unit citing unviable operations of the business. In a communique to stock ... More

BILT in supply talks with International Paper
BALLARPUR Industries Ltd (BILT), a leading player in the writing and printing paper market in India, is in talks with the US-headquartered International Paper for supply of copier and other office machinery products. "We have begun discussions ... More

Tatas to rename Hughes Tele.com
THE board of Tata Teleservices Ltd on Friday decided to rename its recent acquisition Hughes Tele.com as Tata Teleservices (Maharashtra Ltd), subject to approvals; it also announced the completion of the acquisition and the reconstitution of the ... More

ACCOUNTING STANDARDS

Payments to Govt officials — `Xerox pay-offs thru staff, dealers'
The auditors have reported that during fiscal 2001, the company wrote off/adjusted Rs 81.74 lakh as due from former employees. More

OPEN OFFERS

Parent to buy 49 pc Atlas Copco shares
ATLAS Copco AB on Friday informed the Bombay Stock Exchange of its intention to voluntarily acquire 49.01 per cent of outstanding shares aggregating to 55,28,844 equity shares of its Indian subsidiary, Atlas Copco (India) Ltd, from the ... More

Kodak cash offer for balance stake in Indian arm
JM Morgan Stanley has informed the Bombay Stock Exchange that Kodak Ltd and Eastman Kodak Company are now making a final cash offer to purchase the outstanding public shareholding of Kodak India Ltd at Rs 350 per share payable in cash. The ... More

AWARDS & HONOURS

RINL bags award for energy conservation
RASHTRIYA Ispat Nigam Ltd (RINL), which operates the Vizag Steel Plant (VSP), has bagged the National Energy Conservation Award 2002 in the integrated steel plants sector. The award will be presented by the Vice-President of India on December 14 ... More

BEL gets award for best employer of disabled
BHARAT Electronics Ltd (BEL) has for the third time received the National Award for Outstanding Performance as Employer of Persons with Disabilities. The award, instituted by the Ministry of Social Justice and Empowerment, is in recognition of ... More

Munjal recalls Chennai spark for Hero growth
MR Brijmohan Lall Munjal, Chairman, Hero group, was on Friday presented the Madras Management Association's Business Leadership Award 2002. In his acceptance speech, Mr Munjal recalled how the group had grown from one manufacturing components ... More

MERGERS & ACQUISITIONS

`Meal Maker' acquisition helps Marico enter soya food segment
MARICO Industries Ltd's foray into health foods segment with its recent acquisition of the brand `Meal Maker' is a natural follow through from its existing portfolio of edible oil product offerings, a senior company official said. The Rs ... More

Sri Adhikari takes over SABe TV
SRI Adhikari Brothers Television Network Ltd has informed the Bombay Stock Exchange that the company has decided to take over Channel SABe TV's business from its wholly-owned subsidiary effective January 1, 2002. This takeover was subject to ... More

Tata Engg raises stake in Singapore joint venture

NEW PROJECTS

Ma Foi opens Gujarat office; upbeat on overseas job market
HOW are human resource search and placement companies coping with the new emerging trends as made evident by the latest immigration rules in the UK where the information technology sector has been pushed down from Tier I to Tier II? On the ... More

ALLIANCES & JOINT VENTURES

CRIDA ropes in pvt cos to make farm tools
THE Central Research Institute for Dryland Agriculture (CRIDA) has entered into an agreement with three private companies for the manufacture of farm implements for use in rain fed areas. The three companies are Paro Engineers Private Ltd, ... More

OUTLOOK

Electrolux Kelvinator gears up for profits
ELECTROLUX Kelvinator Ltd (EKL), the Indian subsidiary of Swedish major, AB Electrolux, is gearing up to strengthen its position in the competitive home appliances segment. Right from putting its finance in order to rationalisation of its brands, ... More

Jindal Photo targets amateur enthusiasts
THE large, untapped numbers of amateur photo enthusiasts are the new focus of photo products major Jindal Photo Films Ltd (JPFL). It is pegging its hopes on this segment to raise its market share to 50 per cent in the Rs 900-crore photo films ... More

Iffco-Tokio hopes to make Rs 185-cr premium income
IFFCO-TOKIO General Insurance Co Ltd (ITGI) hopes to register a premium income of Rs 185 crore in the current financial year, and the profit margin is expected to be in the range of seven to eight per cent of this income. Mr Ajit Narain, CEO & ... More

ITES operations may push HTMT earnings — Expects 100 pc growth this year
THE IT division of Hinduja TMT Ltd (HTMT), expects to grow at 100 per cent this year, even as the overall growth of the company is likely to be in the range of 70-80 per cent. "We are looking at doubling our growth this year," said Mr R Mohan, ... More

PERFORMANCE

Thomas Cook net up on growth strategies
THOMAS Cook (India) Ltd (TCIL) today announced an increase in net profit to Rs 19.32 crore for the 10 month-period ended October 31, 2002, as against Rs 9.12 crore earned in the previous corresponding period. Income from operations was Rs ... More

Scoreboard
SE Diary

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

Pick a Winner Stock Market Contest

Top Stories
Bhopal tragedy: Beyond the gas

ONGC, Iffco-Kribhco may be allowed to bid for HPCL

Now, job quality matters more than pay & perks

SEBI asks bourses to ready potential derivatives list

CRIDA ropes in pvt cos to make farm tools

`Brands that evolve, deliver long-term value are winners'

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