The Hindu Business Line : Wednesday, September 10, 2003

Alstom bags $430-m order from Jindal group co
ALSTOM Projects India Ltd (APIL) has bagged a $430 million order from JSW Private Power Ltd, for delivery of a 100 MW blast furnace boiler plant. JSW Private Power Ltd is a group company of the Jindal group. The boiler will be one of the ... More

ACCOUNTING STANDARDS

ICAI Council to discuss changes in balance sheet format
THE 29-member Central Council of the Institute of Chartered Accountants of India (ICAI) is to meet on September 16 to discuss, among other issues, the changes that may be required to the existing statutory format (popularly Schedule VI) for ... More

CORPORATE DISPUTES

Glaxo files suit against Dr Reddy's for patent breach
THE global pharmaceutical giant GlaxoSmithKline, has filed a lawsuit against Dr Reddy's Laboratories Ltd, the Hyderabad-based pharma major, in the US Courts alleging infringement of its patents pertaining to Rosiglitazone Maleate, a type-2 ... More

COMPANY LAW

ICSI to introduce new secretarial standards
THE Institute of Company Secretaries of India has lined up a series of `Secretarial Standards' to help the corporate sector in better implementation and understanding of the existing laws. "In a month's time, we expect to bring out secretarial ... More

HUMAN RESOURCES

LG Electronics to double manpower in R&D unit
Korean major LG Electronics will almost double its manpower this year at its software R&D facility in Bangalore in order to cater to the expansion it is planning in its research and development capabilities in India. According to Mr Nam K. Woo, ... More

MERGERS & ACQUISITIONS

Mallya to make offer for 46% Herbertsons shares — Kotak Mahindra Caps to manage issue
THE UB group today confirmed plans to make an offer for 46 per cent shares of Herbertsons Ltd, the country's third largest spirits company at the centre of an ownership dispute between Mr Vijay Mallya and Mr Kishore Chhabria. "We are making an ... More

REGULATORY BODIES & RULINGS

GE, Bechtel awarded $28.57 m each
Dabhol: Panel ruling may trigger US Govt claim against India
AN independent arbitration panel has determined that the Indian Government and its agents violated international law through an unlawful taking of GE and Bechtel's investments in Dabhol Power Company, while ordering an award of $28.57 million ... More

INTERVIEW

`Apollo's name and model bring people to us'
APOLLO Hospitals is at an interesting stage. Into the third decade of its operations, the company feels that it is moving towards a stage where reputation rather than capital would drive its growth. Mr S.K. Venkataraman, Chief Financial Officer & ... More

DIVERSIFICATION

Krebs Bio plans foray into food, agro-based business
To reflect the new fields the company venturing into, the board has approved another proposal to change the name of the company to Krebs Biochemicals and Industries Ltd. More

OUTLOOK

BPCL worried over fall in diesel sales
A TWO per cent fall in sales of diesel in the first five months of the current year, compared to the same period last year, is "worrying" BPCL. Diesel contributes to about 40 per cent of the company's sales and bottomline. At a press conference ... More

Vizag Steel to be free of debt by month-end
"We have already repaid the loans taken from all banks and FIs such as UTI and LIC. At present, RINL Bonds worth Rs 100 crore are pending and that it would be paid back now," official sources said. More

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