The Hindu Business Line : Monday, November 03, 2003

Haileyburia Tea Estates re-opens
THE Haileyburia Tea Estates Ltd, the producers of `Chinnar brand tea', having 1,000 hectares under tea, coffee and spices in Kerala's Idukki district, which was under lockout from Jan 12, 2003, has re-opened following an agreement with the ... More

Usha Martin gets nod for coal mining in Jharkhand
USHA Martin Ltd, formerly Usha Beltron Ltd, has received the West Bengal Government's permission for coal mining in Jharkhand. The 30-year lease has the prospect of generating 30 million tonnes of A/B grade coal, albeit for captive ... More

INSIGHT

Who decides the strategy?
WHILE newspapers are full of rumours that Google, the search engine company, is making a public offering of shares, its co-founder is quite happy with the company remaining private. In a radio interview, Sergey Brin ... More

ACCOUNTANCY

ICAI to don facilitator role for BPO players
BUSINESS Process Outsourcing (BPO) is getting noticed in the professional accountancy body— the Institute of Chartered Accountants of India (ICAI). Though it is too early, at least in the rarefied conference halls of CAs, to expect ... More

RESTRUCTURING

Eicher mulls merger of tractor, vehicles cos
THE Rs 1300-crore Eicher group is poised for a major restructuring. It has appointed Ambit Finance as advisor, to explore and study the possibility of a merger between tractor and motorcycle company Eicher Ltd and commercial vehicles ... More

More banks queue up to enroll in corporate debt restructuring system
A NUMBER of banks, including foreign banks, are expected to join the multi-tier corporate debt restructuring (CDR) system, adding more muscle to the set-up that is already making a difference to India Inc. The system currently has 64 members ... More

CORPORATE GOVERNANCE

Corporate governance: SEBI panel to meet on November 17
THE Securities and Exchange Board of India has decided to take into cognisance voluminous representations it has received on the amendments to clause 49 of the listing agreement, which were given effect to on August 26. A meeting of the ... More

NEW PROJECTS

Gulf Oil Corporation in expansion mode
HYDERABAD-BASED Gulf Oil Corporation Ltd plans to complete work on its specialty chemicals facility by January 2004. The facility is expected to add Rs 150-200 crore to Gulf's topline in the next two years. " Our R&D group has developed six ... More

Beeyu Overseas plans tea processing unit in Terai
TEA and coffee exporter, Beeyu Overseas Ltd is firming up plans to set up a tea-processing unit in the Terai region of North Bengal. To fund the project and meet working capital needs, the company is open to the idea of floating a public issue ... More

SICK UNITS

BIFR okays scheme for Textool, LMW merger
THE Board for Industrial and Financial Reconstruction (BIFR) has sanctioned a rehabilitation scheme, envisaging merger of the ailing Textool Company Ltd (TCL) with Lakshmi Machine Works Ltd (LMW), the flagship of the Tamil Nadu-based LMW group of ... More

PERFORMANCE

`Flair' pushes up Ford Ikon sales
THE sub-Rs 5 lakh car from Ford has grabbed nearly 50 per cent of the total share of all petrol variants of the company within a couple of months of its launch. Sources in Ford told Business Line that the 1.3-litre variant, which ... More

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