The Hindu Business Line : Thursday, April 03, 2003

Brocade picks CMS for support services
By the year-end, there will be at least two Brocade-certified engineers at each of the 90 locations, enhancing customer support. More

ACCOUNTING STANDARDS

Ads aren't account-savvy
Adspends have been eluding cost-benefit analysis for far too long, says S. Murlidharan More

CORPORATE DISPUTES

TDSAT to take up IUC after WLL hearings — Cell players asked to detail projected revenue losses
THE Telecom Dispute Settlement Appellate Tribunal (TDSAT) is scheduled to hear petitions challenging the interconnection usage charges (IUC) regulation issued by the Telecom Regulatory Authority of India (TRAI) after it completes the proceedings ... More

COURTS/LEGAL ISSUES

Cos bound by arbitration clause in loan pact: HC
THE Madras High Court has held that parties to loan agreements "are necessarily to continue with the arbitration proceedings instead of continuing the suit filed belatedly''. Disposing of a suit filed by the Madurai-based United Industrial ... More

CORPORATE BONDS

Essar Oil seeks more time for bonds repayment
ESSAR Oil Ltd is seeking more time - another 12 years - for repayment of money, which the company had raised through debentures in 1995. The company has decided to reschedule redemption of its secured 14 per cent redeemable non-convertible ... More

RESTRUCTURING

Top management recast at BPL group
THE domestic consumer durables major, BPL Group, which is in the midst of a major debt and equity revamp, has rejigged its top management force. The Rs 4,000-crore group has inducted Mr M. Sasi on the board of the flagship company, BPL Ltd. Mr ... More

MERGERS & ACQUISITIONS

Mascot Systems to buy IT&T's call centre biz
The acquisition is expected to enhance Mascot's services portfolio and help it establish a presence in the BPO space. More

NEW PROJECTS

InterContinental boutique hotel opened in Mumbai
INTERCONTINENTAL Hotels & Resorts has opened the InterContinental Marine Drive, its first boutique hotel in the Asia-Pacific region. The hotel comprises 59 "oversized" rooms and suites with advanced entertainment options, a restaurant with ... More

REGULATORY BODIES & RULINGS

CLB nullifies crucial Dabhol board decision
THE Company Law Board (CLB) on Wednesday declared all the decisions taken by the Board of Dabhol Power Company (DPC) on June 4, 2002, as null and void. This means that the board's decision to reactivate the arbitration proceedings against the ... More

ALLIANCES & JOINT VENTURES

Mascot Systems ties up with Nihon Unisys
SOFTWARE services firm Mascot Systems has announced a strategic alliance with Nihon Unisys, a Japanese systems integrator, to provide application maintenance services jointly to Unisys' customers. Nihon Unisys is a part of the Unisys Group, a ... More

Futuristik, German co tie up

OUTLOOK

Moser Baer targets home turf with own brands
MOSER Baer India Ltd (MBIL), manufacturer of digital compact disks, has launched products under its own brand for the domestic market, targeting a 50 per cent share of the country's optical media market by 2005. Currently, the domestic market ... More

Grasim despatches in March up 8%

PERFORMANCE

Tata Steel production tops target
TATA Steel has surpassed its annual production targets for 2002-03 and previous best annual figures during the past year. During the year ended March 31, 2003, Tata Steel's production of coke, hot metal, crude steel and saleable steel were higher ... More

Haldia Petro posts Rs 300-cr earnings — Lenders offer interest-funding support
HALDIA Petrochemicals Ltd (HPL), the three-way joint venture between the Chatterjee Group, the West Bengal government and the Tatas, has reported earnings of Rs 300 crore before depreciation, interest and taxes (EBDIT) in the just concluded ... More

HAL turnover tops Rs 3,000 cr
HINDUSTAN Aeronautics (HAL) has achieved an all-time high provisional turnover of Rs 3,005 crore and export of Rs 103 crore for 2002-03. The net profit was Rs 451 crore, the HAL Chairman, Mr N.R. Mohanty, said. He attributed the export growth ... More

Hyundai sells more in March
HYUNDAI Motor India Ltd sold 1,12,502 units for the year ending March 31 2003, a 20.6 per cent growth over the 93,250 units it sold in the previous financial year. In March, the company sold 12,911 units. According to a company press release, ... More

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