CORPORATE
ACCOUNTANCY
New head for ICWA
HYDERABAD: Dr H.R. Subramanya, Director-Finance, National Mineral Development Corporation has been elected President of the Institute of Cost and Works Accountants (ICWA) of India for the year 2004-05. ...
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RESTRUCTURING
Sanmar group constitutes corporate board
THE Chennai-based Sanmar group on Thursday announced that it has constituted a corporate board that will be responsible for the overall management of the group and also that the members of the group's owner family have stepped off the boards of ...
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MERGERS & ACQUISITIONS
Berger Paints looking for acquisitions in S-E Asia
BERGER Paints India Ltd is working towards acquiring a decorative paints unit in South-East Asia. Beyond stating this, Mr Subir Bose, Managing Director of the company, would not say anything further at this stage because, as he said, the ...
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TI board okays TIDC merger
TUBE Investments of India Ltd has informed the stock exchanges that its board has approved the amalgamation of its subsidiary, TIDC India Ltd, with itself. To take effect from April 1, the merger envisages a share swap of four equity shares of ...
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NEW PROJECTS
E.I.D. Parry to invest Rs 100 cr in sugar unit
E.I.D. Parry (India) Ltd plans to invest about Rs 80 crore to Rs 100 crore in its sugar division over the next couple of years to set up a cogeneration plant and a refinery for sugar and ethanol. Addressing shareholders here on Friday, the ...
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ALLIANCES & JOINT VENTURES
Heineken arm keen on stake in Indian breweries
Asia Pacific Breweries (APB) Ltd, the Singapore arm of Heineken and makers of Tiger beer, has initiated talks with Mount Shivalik Group for joint venture operations that will see the launch of these brands in the Indian market. APB's arrival ...
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STANDARDS & BENCHMARKS
LG gets BSI certification
HYDERABAD: LG Electronics India has received the occupational health & safety management system 18001:1999 certification from the British Standard Institution (BSI), India. In a press release, the company claimed that it is the first ...
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OUTLOOK
Leyland mulls sales to foreign defence forces
ASHOK Leyland Ltd hopes to tap defence forces in other countries to sell its commercial vehicles for their logistical purposes. Addressing shareholders at the company's annual general meeting here on Thursday, the Managing Director, Mr R. ...
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PERFORMANCE
Price cuts, export dip hit HLL bottomline
DEEP price cuts on key products such as detergents and shampoos, which has not quite been made up by volume growth, has no doubt had a hand in the 43 per cent drop in Hindustan Lever's profits for the June quarter. But reversals suffered in ...
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