ACCOUNTING STANDARDS
India Inc not in favour of private limited cos balance sheet disclosure
INDIA Inc is not in favour of public disclosure of the annual report and balance sheet of private limited companies. "Otherwise the basic objective of such companies would be defeated," industry players said. In fact, the Federation of Indian ... More

PREFERENTIAL ALLOTMENTS
K Sera Sera to meet on Jan 6 on pref issue
K SERA Sera Productions Ltd on Thursday informed the BSE that its board of directors will meet on January 6 to discuss the offer and issue of 15,00,000 equity shares to Sahara India Mass Communication Ltd on preferential basis. Additionally, ... More

OVERSEAS BORROWINGS
FCCB floatation norms tightened
IN a continuation of its efforts to discourage capital inflows in view of the surge in foreign exchange reserves, the Finance Ministry has made it tougher for corporates to access funds through the foreign currency convertible bonds (FCCB) route. ... More

INSIGHT
India Inc: World's `reforms' playmaker
Seizing the opportunities spawned by economic reforms to improve its managerial capability and responsiveness, India Inc. has shown that suppliers of capital, customers and government win when companies perform at higher levels and confront challenge s head on. It has proved the `government-or-the-market' economists wrong by creating value for both, the market and the government. More

MERGERS & ACQUISITIONS
Indian promoters buy out US partner in Rain Calcining
THE Indian promoters of Rain Calcining Ltd (RCL), the Hyderabad-based Rs 333-crore calcined petroleum coke and power producer, have acquired the entire stake of 24.79 per cent held by the company's foreign promoter, Reliant Energy Rain. ... More

INTERVIEW
`Stock market is a buffet waiting to be relished'
Mr Rakesh Jhunjhunwala loves stocks. It has been that way since his childhood. Today he is arguably the largest individual proprietary investor and one of the biggest single taxpayers of Mumbai. Mr Jhunjhunwala describes the current market as a ... More

OUTLOOK
RPG group proposes third party sale of power
THE RPG group plans to begin third party power sales. This is proposed to be done through group company Phillips Carbons Black Ltd. The company has already begun talks with the State governments in this respect. Phillips Carbons, which is ... More

PERFORMANCE
SAIL breaks sales, production records
STEEL Authority of India Ltd (SAIL) has broken past almost all its earlier production and sales records during the first three quarters of the current fiscal year-ended December 2003. During these nine months, the company has recorded ... More

Hero Honda Dec sales rise 28 pc
HERO Honda Motors Ltd on Thursday said its sales in December grew 28 per cent to 1.60 lakh vehicles. Its cumulative sales in the April-December period grew 15 per cent to 14.77 lakh units, the company said in a statement here. In 2003, Hero ... More

Bajaj Auto sales of 2&3-wheelers up 5 pc in Oct-Dec
BAJAJ Auto Ltd (BAL) has reported a 5 per cent rise in total sale of 2&3-wheelers to 3,96,694 units for the October-December 2003 period, against the previous corresponding 3,77,840 units. Within that three-wheeler sales increased by 22.8 per ... More

PEOPLE