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Tuesday, February 17, 2004

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CORPORATE

RESEARCH & DEVELOPMENT
DuPont plans R&D centre in India
E.I. DuPont, the Delaware US-headquartered science company, plans to establish research and development (R&D) presence in the country. It would also explore collaborations with large universities and scientific institutions in India in those ... More

ANNOUNCEMENTS
BHEL receives Rs 36-crore order from Bhushan Steel
BHARAT Heavy Electricals Ltd has bagged yet another order for a steam turbine generator (STG) set and waste heat recovery boilers to be installed in a captive power plant of a steel mill in Orissa. Bhushan Steel and Strips Ltd has placed an ... More

IVRCL bags Rly order
HDERABAD: IVRCL Infrastructures & Projects Ltd has bagged an order from Konkan Railway Corporation Ltd for construction of seven tunnels on the Katra - Laole section of the Udhampur - Srinagar - Baramulla rail link project in Jammu & ... More

ACCOUNTANCY

  • ICAI southern region chief

    CORPORATE BONDS
    `BB' rating for NTPC bond issue
    STANDARD & Poor's Ratings Services assigned its BB rating to National Thermal Power Corporation's proposed senior unsecured $200 million bonds. Proceeds from the bonds are to be used to fund NTPC's capital expenditure on expanding its ... More

    RESTRUCTURING
    Haldia Petro gearing up to post profit with CDR plan ready
    THE loss-making Haldia Petrochemicals Ltd (HPL) is now gearing itself up to enter the net profit zone with the corporate debt restructuring (CDR) plan firmly in place. The details of the plan, which was finalised by the CDR cell on January 22, ... More

    CORPORATE GOVERNANCE
    Crisil's new governance model to provide roadmap for cos
    CRISIL has said that its new Governance and Value Creation (GVC) corporate governance rating model, coupled with a strong regulatory push from SEBI, could evolve into an effective roadmap for improved governance practices in Indian industry. ... More

    NEW PROJECTS
    BILT unit plans expansion
    The Thapar group company BILT Paper Holdings plans to expand capacity of BILT Graphic Papers India, formerly known as Sinar Mas Pulp and Paper India.Talking to presspersons, Mr Gautam Thapar, BILT Vice-Chairman and Managing Director, said BILT is ... More

    REGULATORY BODIES & RULINGS
    Select telecom schemes `discriminatory': TRAI
    THE Telecom Regulatory Authority of India (TRAI) has noted that the closed user group (CUG) and virtual private network (VPN) schemes being offered by various operators are discriminatory in nature. "It has come to the notice of the authority ... More

    TRADE & LABOUR UNIONS
    Expand RINL capacity: CITU
    THE Union Government should immediately undertake expansion of the capacity of the steel plant here from the present 3.2 million tonnes to five million tonnes and later on to 10 million tonnes to make it viable in the long run, the Centre of ... More

    ALLIANCES & JOINT VENTURES
    Zydus Cadila in pact with Boehringer Ingelheim
    THE Ahmedabad-based Zydus Cadila has inked a pact with Boehringer Ingelheim India Private Ltd (BIIPL), to continue to manufacture and market Boehringer Ingelheim's gastrointestinal products Dulcolax and Buscopan and cardiovascular drug Actilyse, ... More

    NEC Micon ties up with ABG Heavy Industries
    NEC Micon, the wholly-owned Indian subsidiary of the Danish company Micon, the world's largest manufacturers of wind turbines, has tied up with ABG Heavy Industries Ltd, a major player in port and infrastructure development, for erection of the ... More

    SOCIETY & DEVELOPMENT
    DuPont awards for school kids
    AS the 1,000-crore DuPont India explores the possibility of beefing up its presence in the country, its corporate social responsibility programme for the second consecutive year touches the lives of metro school children and helps to strengthen ... More

    IPOS
    Kamdhenu Ispat plans IPO to fund greenfield project
    Kamdhenu Ispat Ltd (KIL) is planning to enter the market with its initial public offering (IPO) by May this year to fund its greenfield expansion project in Uttaranchal. Speaking to Business Line, the KIL Chairman, Mr Satish Aggarwal, ... More

    SICK UNITS
    Srei Capital to be advisor for Idcol sell-off
    SREI Capital Markets Ltd, a wholly-owned subsidiary of Srei International Finance Ltd, has been appointed advisor by Industrial Development Corporation of Orissa Ltd (Idcol) for the disinvestment programme pertaining to four of its closed ... More

    OUTLOOK
    L&T to focus on nuclear, defence, aerospace sectors
    LARSEN & Toubro's heavy engineering department (HED) is placing increasingly elaborate emphasis on the areas of nuclear power, defence and aerospace, having decided to place singular focus on high-end high technology (and high-margin) businesses More

    SAIL plans to expand capacity to 20 mt in 8 years
    THE Steel Authority of India Ltd (SAIL) proposes to expand its production capacity by around 66 per cent over the next eight years to 20 million tonnes per annum by the financial year 2011-12 from the present 12 million tonnes. The public ... More

    Sanwaria Agro Oils to expand capacity
    SANWARIA Agro Oils Ltd (SAOL) is planning to increase production capacity to 4.5 lakh tonnes annually from the current 1.27 lakh tonnes, through acquisition and leasing of existing solvent extraction and refining plants in Madhya Pradesh. At ... More


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