The Hindu Business Line : Thursday, March 20, 2003

`86 pc of Indian cos spend nothing on R&D'
THAT Indian companies still shy away from investing significantly in research and development (R&D), perhaps might not be new. But, what is quite alarming is that 86 per cent of the country's joint stock companies, out of the total of 8,334 ... More

ANNOUNCEMENTS

BHEL, Alstom to bid for NTPC project
OLD-TIME rivals Bharat Heavy Electricals Ltd (BHEL) and French major Alstom have teamed up to bid for National Thermal Power Corporation's (NTPC) Rs 9,000-crore 2,000 MW Sipat thermal project in Chattisgarh, according to industry ... More

Conmat boost to sustainable construction
CONMAT Technologies Pvt Ltd, a new initiative of a group of professionals to provide knowledge-based services to the construction sector, has networked with the Mumbai-based National Institute of Construction Management & Research (NICMAR). As ... More

ACCOUNTING STANDARDS

CAG qualifies accounts of Singareni Collieries
THE Comptroller and Auditor-General of India (CAG) has recently qualified the accounts of the state-owned coal major Singareni Collieries Companies for 2001-02 with regard to capital works in progress, royalty payment and with reference to ... More

OVERSEAS BORROWINGS

Silverline seeks ADR ratio change
IN a significant development, the New York Stock Exchange listed Silverline Technologies Ltd, has filed with the United States Securities and Exchange Commission (SEC) to allow change of ratio of shares from two per American depository receipts ... More

COURTS/LEGAL ISSUES

HC order upheld in Anubhav Plantations case
THE Supreme Court has given the green signal for implementing the directive of the Madras High Court to the Official Liquidator of the Chennai-based Anubhav Plantations Ltd to take custody of Woodrock Hotel in Kulu Manali, which belongs to the ... More

RESTRUCTURING

Bharti to merge cell subsidiaries
IN yet another significant attempt to consolidate its position in the telecom market, Bharti Televentures Ltd is proposing to amalgamate all its five subsidiaries for mobile service operations - Bharti Cellular Ltd, Bharti Mobinet Ltd, Bharti ... More

MERGERS & ACQUISITIONS

Ceat set to acquire Harrisons Malayalam rubber division
CEAT Ltd has informed the BSE that the company's board, at its meeting today, considered a proposal for the demerger of the rubber division of Harrisons Malayalam Ltd (HML) to the company. While Ceat is a tyre manufacturer within the RPG group, ... More

CORPORATE GOVERNANCE

`ICSI can help SEBI on corporate governance'
THE youngest of the three professional institutes, the Institute of Company Secretaries of India (ICSI), has sought a larger role for itself in today's corporate environment. "Company Secretaries can work as an extended arm of the market ... More

SICK UNITS

Another revival plan likely for HPF
THE Government is contemplating another revival package for the ailing Hindustan Photo Films (HPF) at Udhagamandalam. The post-mortem decision has come after the Board for Industrial and Financial Reconstruction (BIFR) notified winding up of ... More

OUTLOOK

Tata Steel sees prices to be flat for 3-4 months
TATA Steel has a "flat'' outlook on steel prices. Talking to presspersons after the company's EGM here today, Mr R.C. Nandrajog, Vice-President (Finance), Tata Steel, said there was an apparent lack of clarity about the conflicting views on ... More

Tektronix eyes Rs 100-cr turnover
TEKTRONIX hopes its revenues from India would reach Rs 100 crore in the next two years on the back of booming telecom and electronic media industries. "We had a turnover of about Rs 80 crore in our last financial year. Our target is to reach Rs ... More

Ingersoll concern over steel prices
The Golden Quadrilateral road projects followed by rural highways projects are major triggers for Ingersoll Rand's growth, wherein the company expects to swell its market share to 50 per cent in the road machinery business. More

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