The Hindu Business Line : Saturday, August 23, 2003

Apollo Hospitals wins contract to manage hospital in Malaysia
APOLLO Hospitals has won a $1-million contract to manage a hospital in Malaysia, and has floated a management company to handle it. At the company's 22nd Annual General Meeting (AGM) in Chennai today, Dr Prathap C. Reddy, Executive Chairman, ... More

BHPV bags NPC order
VISAKHAPATNAM: Bharat Heavy Plates and Vessels Ltd (BHPV) here has received a work order for design, manufacture and supply of 88 hairpin-type heat exchangers from the Nuclear Power Corporation of India for its use at Madras Atomic Power ... More

Balaji Tele plans Rs 20-cr capital expenditure
BALAJI Telefilms Ltd is planning a capital expenditure of Rs 20 crore over the next two years in building infrastructure in Mumbai, Chennai, Bangalore and Kolkata. The company said it plans to build shooting floors and invest in production and ... More

Correction

PREFERENTIAL ALLOTMENTS

Promoters of Shree Vani Sugars to get 34 lakh shares
THE promoters of Shree Vani Sugars and Industries Ltd (SVSIL) would be allotted 34.4 lakh equity shares of the company in lieu of the funds pumped in by them into the company earlier, according to a company communiqué to the stock ... More

COURTS/LEGAL ISSUES

Ceat moves HC over curbs on rubber imports
CEAT Ltd on Thursday moved the Bombay High Court seeking the removal of mandatory port restrictions imposed by the Union Government on imports of natural rubber. The Centre had in December 2001 stipulated that natural rubber could be imported ... More

ENVIRONMENT

ITC unit takes to social forestry in Khammam dist
THE Indian Leaf Tobacco Development Division (ILTD) of ITC Ltd has taken up a major social forestry programme to create sustainable livelihood for poor tribals in about eight mandals of Khammam district. The project involves the development of ... More

HUMAN RESOURCES

`India Inc's future belongs to the empires of mind'
WHAT is common to Exxon, 3M, Intel, Microsoft, McDonalds, Sharp, Boeing and Incyte Genomics? It is strategic knowledge management. Of course, each of them had their own way of knowledge management. Interestingly, all those strategies were highly ... More

RESTRUCTURING

Essar Shipping board okays package for Vedinar oil project
THE board of Essar Shipping Ltd has approved the corporate debt restructuring (CDR) cell's package for the Vedinar oil terminal project. The company said it will seek its shareholders' approval to issue financial instruments, including equity ... More

MERGERS & ACQUISITIONS

Hindujas seek nod to hike foreign stake in InCablenet
The company has sought permission from FIPB to increase its foreign equity from the present 22.48 pc to 30.34 per cent. More

Cabinet to consider ONGC acquisition proposal today
THE Cabinet Committee on Economic Affairs (CCEA) will consider ONGC Videsh Ltd's (OVL) proposal to acquire a minority stake in two oil exploration blocks in Sudan on Saturday. According to OVL's proposal, it plans to acquire a 26.1 per cent ... More

TRADE & LABOUR UNIONS

Rashtriya Ispat seeks workers' participation
THE workers of Rashtriya Ispat Nigam Ltd, the steel plant here, "will get a fair deal" from the management and their demands will be looked into and conceded as far as possible, but at the same time they have to co-operate to mould the RINL into ... More

INTERVIEW

`We are sure Ten Sports will be preferred sports channel'
NOTWITHSTANDING the amount of international cricket that is telecast on Ten Sports, the channel believes it has something different to offer. Currently telecasting Champions Trophy Hockey, Ten Sports claims it has sustained viewership everyday. ... More

WORK LIFE

Texas Instruments, Johnson & Johnson `best places to work'
TEXAS Instruments, Federal Express and Johnson & Johnson have been rated as the top three companies in a first of its kind survey carried out among employees of over 120 companies in India. The `Great Place to Work' survey was carried out by ... More

RIGHTS ISSUES

Goetze board meet to take up rights issue
A MEETING of the board of directors of Goetze India Ltd is scheduled on September 1, 2003, to consider and approve rights issue of equity shares to the existing shareholders of the company. The decision will be subject to the approval of the ... More

OUTLOOK

Whirlpool eyes 15% value growth this fiscal
ENCOURAGED by the buoyancy in the market, consumer durables major, Whirlpool of India Ltd, is targeting a 15 per cent value growth in the current fiscal. "The monsoons have been very good, so we expect higher sales in the coming months. Also, ... More

Premier Auto bets on land sale, new vehicle launch
AT the 57th AGM of Premier Automobiles Ltd (PAL), the company's troubles and the passage of its associate PAL-Peugeot Ltd (PPL) into Court receivership appeared to have left some investors in a time warp. ``When will PPL give dividend?'' one of ... More

PEOPLE

Change of guard at Saregama?
SOME top-level changes seem to be in the offing at Saregama India Ltd (SIL) - the entertainment outfit of the RPG group. Indications are that the present Managing Director of SIL, Mr Abhik Mitra, will be given some other assignment within ... More

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