Financial Daily from THE HINDU group of publications
Wednesday, June 04, 2003
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Financial Daily from THE HINDU group of publications Wednesday, June 04, 2003 |
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CORPORATE RESEARCH & DEVELOPMENT 
UMS group develops micro-turbineTHE Coimbatore-based UMS group, which has presence in diverse fields including electronic and engineering goods, has indigenously developed a micro-turbine that it claims to be the first in the country. The micro-turbines, which are used in ... More
Efforts on to increase India presence on AstraZeneca radar ANNOUNCEMENTS Indo Rama's Butibori plant resumes full operations INDO Rama Synthetics (I) Ltd (IRSL) has announced that the company's Butibori plant near Nagpur has resumed full operations from Tuesday. The company had resorted to a production cut (partial shutdown) at this facility in the wake of ... More
Jindal Iron to operate CR unit of Jindal Steel ACCOUNTING STANDARDS ICAI panel clears guidance note THE 30-member Central Council of the Institute of Chartered Accountants of India (ICAI) has approved a guidance note on `Auditing for Consolidated Financial Statements. "This Guidance Note would help our members in auditing the client's ... More COMPANY LAW Cos Bill: Logic behind some provisions not clear THE statement of objects and reasons accompanying the Companies (Amendment) Bill 2003 does not substantiate why certain provisions are considered necessary. The Bill also leaves out certain recommendations, acceptance of which will really have ... More AWARDS & HONOURS Eco awards for HPL, Bakreswar Thermal Sources said at a time when chemical plants and thermal power plants have been identified as major polluters, the performance of these two units was heartening. More COURTS/LEGAL ISSUES Electrolux Kelvinator faces another litigation ELECTROLUX Kelvinator Ltd (EKL), the entity formed by the merger of Electrolux India Ltd and Intron Ltd, faces another legal hurdle. Close on the heels of successfully sorting out the hiccups on the proposed rights issue, the company is now ... More MERGERS & ACQUISITIONS GAIL, IOC in race for Haldia Petro GAIL (India) Ltd and Indian Oil Corporation (IOC) are in the race to acquire management control of Haldia Petrochemicals Ltd (HPL). "IOC proposal (for 26 per cent stake) still stands. Now GAIL too is willing to pick up to 26 per cent stake. It is ... More NEW PROJECTS 
Ranbaxy plans R&D facility in N. AmericaRANBAXY Laboratories Ltd on Tuesday announced plans to set up a research and development (R&D) facility in North America. The proposed facility would complement the company's existing strength, besides facilitating phase III clinical trials, ... More ALLIANCES & JOINT VENTURES ONGC in service pact with HAL OIL and Natural Gas Corporation Ltd on Tuesday signed a long-term business agreement with Hindustan Aeronautics Ltd, Bangalore, for overhaul and repairs of its industrial gas turbines. According to the agreement, the average cost of overhaul ... More INTERVIEW 
`Indian tractor market has highest potential for growth' — Mr Mario Gasparri, MD, New Holland Tractors (India)MR Mario Gasparri took over the wheels of New Holland Tractors (India) Ltd six months ago. The young and energetic Managing Director of this wholly owned subsidiary of the $10 billion CNH Group, shares his views about the Indian tractor market ... More OUTLOOK RINL concerned over short supply of iron ore RASHTRIYA Ispat Nigam Ltd may have to reduce its production, if the iron ore supply from the National Mineral Development Corporation's Bailadilla (Chhattisgarh) mines does not improve in the next few days. The plant authorities say "the ... More PERFORMANCE Honda Siel midsize car sales up 45 pc in May HONDA Siel Cars Ltd recorded a 45 per cent growth in volumes of its midsize luxury cars, the City and Accord, in May, selling 1,204 units as compared 831 units in the same month last year. Cumulative sales for the period of April-May 2003 has ... More PEOPLE Kiran Chhabria likely to join Shaw Wallace Breweries board MS Kiran Chhabria, the youngest daughter of the Manu Chhabria estate, is likely to join the board of Shaw Wallace & Co Ltd's new 50:50 brewing joint venture with SABMiller. As a board member, this will be Ms Kiran Chhabria's first exposure to her ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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