The Hindu Business Line : Sunday, May 25, 2003

IOC public issue unlikely in near future
INDIAN Oil Corporation's public issue is not going to hit the markets anytime in the near future. "Our priority is to monetise our holdings in ONGC and GAIL," IOC's Chairman, Mr M S Ramachandran, said on Saturday. It may be recalled that in ... More

Kajaria Ceramics to pay 12%
NEW DELHI: The board of directors of Kajaria Ceramics Ltd has recommended a dividend of Rs 1.20 per equity share of Rs 10 each for the year ended March 31, 2003. For the year-ended March 31, 2003, the company reported a net profit of ... More

Hindustan Sanitaryware moots 15 pc
THE board of directors of Hindustan Sanitaryware & Industries Ltd (HSIL) has recommended a 15 per cent dividend on the equity shares of the company for the year-ended March 31, 2003. The annual general meeting of the company will be held on ... More

RESTRUCTURING

Corporate restructuring — Gaps in financial disclosures
FOR Corporate India, it is earnings season once again. The focus inevitably turns on whether the company in question has done better or worse than the previous period. Therein lies the rub. If the company has ... More

ICRA presents analyses of L&T revamp plans
A BOARD meeting of Larsen & Toubro, at which ICRA made an hour-long presentation on the two proposals for the cement division of the company, has ended inconclusively. "There were many clarifications sought from ICRA and these will be discussed ... More

INTERVIEW

`With expanded product base, we are far more robust' — Interview with Mr Venu Srinivasan, Chairman and Managing Director, TVS Motor
The Chairman and Managing Director of TVS Motor, Mr Venu Srinivasan, has every reason to be upbeat. His company has come off a watershed year with its scale of operations zipping ahead on the back of the ... More

OUTLOOK

ITC: Eyeing big FMCG pie, acquisitions
TO be a Rs 5,000-crore major in consumer products seven years down the road and take the top spot in products where it has a presence — that is the blueprint that ITC has laid for itself. In this timeframe, the company also expects its ... More

PERFORMANCE

Balmer Lawrie turnover at Rs 816 cr
THE public sector Balmer Lawrie & Co Ltd has achieved a turnover of Rs 816.42 crore, registering a growth of 20 per cent, and a highest-ever profit before tax of Rs 22.79 crore, a record increase of 148 per cent, during the year ended March 31, ... More

PEOPLE

Shaw Wallace beer division head exits
SABMiller's management takeover of Shaw Wallace Breweries has produced the first major change in operational structure. Mr Deepak Chaudhuri, Director and Head of Shaw Wallace Breweries, has quit the company immediately after the Manu Chhabria ... More

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