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Saturday, December 28, 2002

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CORPORATE DISPUTES


Now JK Tyre takes on MRF — Writes to Advertising Council
JK Tyre has disagreed with the decision of the Advertising Standards Council of India (ASCI) that held the claim "JK Tyre— The No 1 tyre manufacturer" in an advertising campaign of the company as "misleading". "JK Tyre— The No 1 Tyre ... More

AWARDS & HONOURS


BPL arm gets quality award
BPL Display Devices Ltd (BDDL) has been presented with the Rajiv Gandhi National Quality Award, 2001 in the field of electrical and electronics industry. The Commendation Certificate was presented by Mr Sharad Yadav, Union Minister for ... More

TAXATION


Kelkar recommendations on corporate tax front
THE following measures recommended to be introduced for the financial year 2003-04: (i) Reduction in corporate tax rate from the existing levels of 36.75 per cent to 30 per cent for domestic companies and to 35 per cent for foreign ... More

Revenue impact of corporate tax reforms
The package of recommendations relating to corporate tax will result in an estimated revenue gain of Rs 10,762 crore. This estimate is based on the financial results of 1,334 profit making companies for the financial year 2001-02. This sample of ... More

MERGERS & ACQUISITIONS


Calibre Rehabs to acquire Saptarishi Agro
THE acquisition by Calibre Rehabs, a sister concern of the Chandigarh-based leading mushroom exporter, Agro Dutch Industries Ltd, of Saptarishi Agro Industries Ltd is expected to help Saptarishi's prospects, according to industry sources. They ... More

NEW PROJECTS


Bhushan Ltd looks for special sops from Bengal
BHUSHAN Ltd, which plans to set up a Rs 2,000-crore sponge iron plant and hot strip mill in West Bengal, has asked for a package of special incentives. Company sources said that apart from the usual incentives available, the company is pressing ... More

INTERVIEW


`Indigo is not Indica with boot space' - Dr V. Sumantran, Executive Director, Tata Engineering
ONE of the most eagerly awaited automobile story of the year is out with the launch of Tata Engineering's Indigo car, with the Tatas seeking to re-define the C segment of the car market by launching a product loaded with features and pricing it ... More

OUTLOOK


Orchid Pharma hopes investments will pay off by year-end
AFTER a few years of large investment in the backdrop of declining profit, Orchid Chemicals & Pharmaceuticals Ltd expects the pay-off for the investment to come by the end of the current financial year. Inspectors from the US Food and Drug ... More

Apollo Hospitals aims to manage 10,000 beds
APOLLO Hospitals is looking at managing hospitals for other promoters as an important avenue for growth. In March 2002, Apollo managed 5,095 hospital beds, of which 1,902 beds were managed on behalf of other hospitals. By the year 2005, Apollo ... More


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