The Hindu Business Line : Wednesday, April 16, 2003

XCyton plans expansion to make 3 diagnostic kits
THE Bangalore-based XCyton Diagnostics is planning a Rs 2-crore expansion to produce at least three PCR diagnostic kits. It is seeking funds for its plans through venture capital funds, loan or through an equity. XCyton, the first to jointly ... More

ACCOUNTING STANDARDS

New accounting norms in offing for corporates
"The proposed accounting standard deals with Provisions in a comprehensive manner. This has not been the case so far with our existing standards", an ICAI official said. More

CORPORATE GOVERNANCE

Audit panel chief should appoint valuers: DCA
AN expert group appointed by the Department of Company Affairs (DCA) for recommending guidelines on valuation of corporate assets and shares has suggested that the Chairman of the Audit Committee (CAC) be entrusted with the responsibility of ... More

Infosys gets top rating
ICRA, the credit rating agency, on Tuesday announced that it has assigned the highest rating to corporate governance practices of Infosys Technologies, the Bangalore-based software major. It has been given a `CGR1' rating on a scale of CGR1 to ... More

OVERSEAS INVESTMENTS

Cap on floating of investment companies likely
PROMOTERS and corporate houses may soon be required to grapple with a new set of norms that seeks to regulate the much abused `investment company' route for corporate control. Armed with the experiences gained out of the practices adopted by ... More

INTERVIEW

`Working capital reduction, cash flows helped us turn debt-free' — Mr S.G. Murali, Vice-President (Finance), TVS Motor Company
TVS Motor Company is one of those examples of a potentially good borrower losing interest in borrowing from the financial system. The company spent about Rs 120-crore in capital expenditure last year — in expanding capacities for the ... More

OUTLOOK

Ford sees good demand for Ikon `Finesse' model — Exports top total Ikon sales
FORD'S latest showpiece the limited edition Ikon, `Finesse' has sold 400 units within a month of its launch in March and expects to sell an equal number in April. "The Finesse has been well accepted by our customers and sales have exceeded our ... More

Bayer duo hopeful of 20% growth in Indian agrochemical market
Through their strategic partnership to establish `one face to the customer', Bayer CropScience will draw upon the combined strength of the two entities — . Bayer Cropscience India Ltd and Bayer Agro. More

Kodak sees potential in digital tech for growth
KODAK India, a major player in the domestic photographic products industry, is betting that the rural market and the digital segment will help it "take pictures further". It is also counting on growth in the health imaging and entertainment ... More

PERFORMANCE

SAIL's Rourkela plant steps up capacity utilisation
THE Ore Bedding and Blending Plant (OBBP) of Rourkela Steel Plant (RSP) has registered some success in terms of capacity utilisation, despatch, screening, unloading and other factors. According to a press release issued by Steel Authority of ... More

INVESTOR PROTECTION

The ball is in Cabinet's court — Voting rights for Coca-Cola Indian shareholders
THE issue of voting rights for Indian shareholders in Coca-Cola's Indian bottling subsidiary has taken a new turn. It will now have to be decided at the Cabinet level. Soft drink maker Coca-Cola's plan to deny voting rights to its Indian ... More

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