The Hindu Business Line : Thursday, June 19, 2003

Philips develops diagnostic tools for high-end items
SOMETHING wrong with your high-end consumer electronic goods such as Plasma Television, Projection TV, DVD player or Home Theatre? And are you among those who feel highly uncomfortable to leave the costly goods at the authorised service centre of ... More

ANNOUNCEMENTS

Amara Raja breaks into Japanese market
AMARA Raja Batteries Ltd has received an order worth Rs 1 crore from the Japanese branch of a European automotive batteries supplier for the supply of `valve regulated lead acid' (VRLA) batteries. Company officials told presspersons on ... More

GAIL plans pipeline to supply Petronet's LNG
GAIL India plans to lay a Rs 616-crore pipeline to transport natural gas from Petronet India Ltd's upcoming 5 million tonne Dahej terminal in Gujarat to industrial and domestic users up to Uran and then to Pune on the West coast. The gas ... More

L&T bags Rs 50-cr contract for water leakage reduction
LARSEN and Toubro (L&T) and Thames Water-UK, in a 70:30 joint venture, have received a Rs 50-crore contract from Bangalore Water Supply and Sewerage Board (BWSSB) for "leakage reduction and water distribution rehabilitation work", a company ... More

PREFERENTIAL ALLOTMENTS

Sujana Ind offer resolutions lapse
TWO of the special resolutions passed by the shareholders of Sujana Industries Ltd at the extraordinary general meeting (EGM) in September last year have lapsed, with the company failing to complete the preferential allotment within three months ... More

CORPORATE DISPUTES

HC stays proceedings in case against Tata Tele officials
THE Andhra Pradesh High court has stayed proceedings in the CDMA limited mobility handset-tampering case filed by Reliance Infocomm against six Tata Teleservices officials. Mr Justice K.C. Bhanu of the AP High Court on Tuesday stayed further ... More

Affidavits filed on Taylor claims over Karishma
SAHARA Media Entertainment Ltd (Sahara) came down heavily on Barbara Taylor Bradford, the authoress of "Woman of Substance", in the Calcutta High Court. Sahara and other defendants filed seven affidavits disputing allegations made by the ... More

COMPANY LAW

More changes in Cos Act on cards
AMENDMENTS to the Chartered Accountants Act and the Company Secretaries Act will be introduced in the next session of Parliament. Disclosing this at an interactive session on Companies Amendment Bill, 2003, organised by PHDCCI, Mr V.K. Dhall, ... More

ENVIRONMENT

Corporate role in environment highlighted
CORPORATE and other industrial and business activities would find their guiding principle in the new Charter on Corporate Responsibility for Environment Protection (CREP), the Union Minister for Environment and Forests, Mr T.R. Baalu said at the ... More

GENDER

They climb corporate ladder not by quota
IF any one thinks that the current debate over the issue of reservation for women is restricted to politics, take a breath! The reservation is likely to be extended to the company boardroom too with the Companies (Amendment) Bill, 2003 seeking ... More

RESTRUCTURING

Dabur seeks shareholders' nod to sell Jharkhand unit
DABUR India Ltd has sought shareholder approval to sell or dispose its undertaking, including factory premises, located at Daburgram, Deogarh, in Jharkhand. The company on Wednesday informed the Bombay Stock Exchange that it had issued notices ... More

FIXED DEPOSITS

Morepen told to put out deposit repayment plan
THE `health in your hand company', Morepen Laboratories Ltd — which is not in the best of financial health — has been asked by the Company Law Board (CLB) to publish its repayment schedule for its fixed deposits scheme., in an effort ... More

MERGERS & ACQUISITIONS

The man behind the L&T-Grasim deal
THE Chennai-based chartered accountant, Mr S. Gurumurthy, who is also the convenor of the Swadeshi Jagran Manch, played a crucial mediatory role in the settlement between Larsen & Toubro and Grasim, which resulted in L&T deciding to demerge its ... More

NEW PROJECTS

DC Design plans manufacturing facility for limited edition cars — Prefers listing in Nasdaq
LEADING car design company Dilip Chhabria Design Pvt Ltd plans to set up a manufacturing facility of up to $100 million for making limited edition cars. An overseas IPO to raise funds for the project is expected to be floated once the company ... More

Autobahn to set up facility in India
THE US-based Autobahn, which is in the business of car speakers and amplifiers, is setting up a manufacturing facility in India for its products. "The facility will not only cater to the domestic market, but will also allow India to serve as a ... More

Expansion at Tata Metaliks
THE first phase of the capacity expansion programme at Tata Metaliks plant at Kharagpur has been completed with the implementation of a 600 tonne per day Linear Pig Casting Machine to its production facilities. With this, the plant's production ... More

REGULATORY BODIES & RULINGS

2 members appointed to SEBI board
THE Central Government has appointed two new members to the board of the Securities and Exchange Board of India (SEBI). The two members are Mr A.K. Batra, Managing Director & Group Executive (Corporate Banking), State Bank of India and Mr T.M. ... More

TRADE & LABOUR UNIONS

CITU to resist RINL privatisation move
THE Centre for Indian Trade Unions (CITU) will fight any attempt to privatise Rashtriya Ispat Nigam Ltd (RINL) and it would also strive to secure for the employees wage arrears amounting to Rs 200 crore, now that the financial position of the ... More

DIVERSIFICATION

Adlabs banks on diversification
FOR a Mumbai address, Adlabs Films Ltd (Adlabs) has an isolated location. Against the backdrop of high rises gnawing their way up a muddy hill slope, the approach road winds its way through Goregaon and well into the solitude of Film City, before ... More

SICK UNITS

BIFR notice to Ponni Sugars Orissa
THE Board for Industrial and Financial Reconstruction (BIFR) has issued a show-cause notice to Ponni Sugars Orissa Ltd relating to winding up of the company under the Sick Industrial Companies Act, according to information provided by the company ... More

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