The Hindu Business Line : Friday, July 18, 2003

Shalimar Paints shifting corporate office to Mumbai
SHALIMAR Paints Ltd has announced plans to shift its corporate office from Kolkata to Mumbai by December this year. The company's registered office will, however, continue to remain here, according to Mr S.L. Agarwal, Managing Director of ... More

SRF to take up hydro fluorocarbon investment plan
THE board of directors of SRF Ltd are to meet here on Friday to consider a proposal for investment of Rs 40 crore for manufacture of hydro fluorocarbon (HFC). SRF's chemical business produces fluorochemicals and chloromethanes. Fluorochemicals ... More

COURTS/LEGAL ISSUES

HLL's Garden Reach unit lockout challenged
HINDUSTAN Lever Sramik Karmachari Congress filed a writ petition in Calcutta High Court challenging the lockout at its Garden Reach unit, Kolkata. The union asked for the court's order directing the State Government to declare the lockout ... More

FINANCIAL PERFORMANCE

Welspun-Gujarat turns around in Q1
WELSPUN-GUJARAT Stahl Rohren Ltd has reported a net profit of Rs 11.08 crore for the quarter ended June 30, 2003 as against a net loss of Rs 2.69 crore for the corresponding quarter last year. The improved performance came on the back of an ... More

MERGERS & ACQUISITIONS

Welspun seeks tie-up or buy in US
WELSPUN India, one of the top five manufacturers of terry towels in the world in terms of capacity, is understood to be in talks with a couple of US-based marketing companies for a strategic collaboration or an outright acquisition. Sources close ... More

REGULATORY BODIES & RULINGS

Small investors may lose direct access to markets
THE Chairman of the Department of Company Affairs' High Level Committee on Corporate Governance, Mr Naresh Chandra, today said the panel is thinking of restricting direct access of very small investors to the capital markets. Mr Chandra said ... More

OUTLOOK

JMC Projects eyes high-value highways
JMC Projects (India) Ltd, with a Rs 210-crore turnover, has set its eyes on high-value infrastructure projects, mainly the highways, to help it touch Rs 275 crore in the current fiscal. Its clients include two IIMs and some of the new ... More

Samsung head sees big scope for camera phones
An estimated 147 million camera phones will be sold worldwide by the year 2007. More

NEPC hopes to profit from favourable wind
NEPC India expects to make profits this year, thanks to the boom in the wind energy sector. With orders for 127 wind energy generators currently under execution, and 211 more under `almost booked' category, the current year's turnover is ... More

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