The Hindu Business Line : Monday, February 17, 2003

ESOPs must be expensed: PwC chief
BILLIONS of dollars lost in market capitalisation notwithstanding, the Global Chief Executive Officer (CEO) of PricewaterhouseCoopers (PwC), Mr Samuel DiPiazza, sees merit in expensing the employee stock options granted by companies. The ... More

Sitting fees likely for audit panel members
INDEPENDENT directors on audit committees of listed and unlisted public companies are likely to be compensated in the form of "sitting fees" for the services rendered by them to such committees. This will be in addition to the sitting fees paid ... More

NEW PROJECTS

`ONGC Videsh investment in Russia commercially viable'
THE Oil and Natural Gas Corporation (ONGC) has stated that ONGC Videsh Ltd's investment in the Sakhalin oil and gas field in Russia was commercially viable. According to the Chairman and Managing Director of ONGC, Mr Subir Raha, there were ... More

REGULATORY BODIES & RULINGS

Padmini Tech restrained from selling assets
THE Company Law Board (CLB) in an interim injunction has restrained Padmini Technologies Ltd and its officers from selling or transferring any asset or properties or creating any third-party interest in the property of the company. The CLB ... More

INTERVIEW

`Entry into China will be major thrust area' — Mr Subodh S. Nadkarni, Managing Director & CEO, Sulzer India
EXPORTS to China and an entry into the turbo-machinery services in the country is the focus for the current calendar year for the Pune-based Sulzer India. The company was set up as a joint venture in 1988 with 40 per cent equity stake of the ... More

DIVERSIFICATION

It's a different ball game for Sahara
THE Sahara group, now in talks with First India MF for what seems to be a takeover, looks all set to enter the arena of mutual funds. The group, with interests as diverse as aviation and housing, is already a leading name in the deposits ... More

STANDARDS & BENCHMARKS

'Aquafina meets European norms'
PEPSICO on Sunday said that its bottled water Aquafina conformed to the European norms for residual pesticides. A statement issued by PepsiCo said that the results of the tests commissioned by the company at VIMTA Laboratories indicated that ... More

OUTLOOK

Serum Institute hopes Budget will scale Kelkar hurdle
"ONE out of every two children in the world is vaccinated by Serum Institute's vaccines", says Dr Cyrus Poonawalla, Chairman of the Serum Institute of India Ltd. However, this global performance of the institute could see a dampener, if the ... More

Caraco Pharma sales likely to go up 56 pc
SUN Pharmaceuticals' US subsidiary, Caraco Pharmaceutical, seems to be on a comeback trail. The company recently said that its revenues for the financial year 2003 are expected to jump by 56 per cent to $35 million from $22.4 million in the ... More

PERFORMANCE

Hero Honda inventory levels come down as sales pick up
HERO Honda has said its inventory levels at the dealers' end have started coming down as sales picked up in February and the current excess stock is only of 3-6 days more than what is normal for the company. "We have inventory levels of about ... More

NEW PRODUCTS & SERVICES

Reliance Info may peg ISD call rates at Rs 5
AFTER taking on the cellular operators with its limited mobility services across the country, Reliance Infocomm is all set to give the international long distance (ILD) operators sleepless nights by pricing its ISD tariffs at a flat rate of ... More

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