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Thursday, September 16, 2004

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CORPORATE

POLLUTION
Kerala govt to seek time on pollution front
THIRUVANANTHAPURAM: The State Government has decided to approach a Supreme Court committee for grant of additional time for its industries to fall in line with hazardous wastes treatment norms. The Chief Minister, Mr Oommen Chandy, will ... More

ANNOUNCEMENTS
Maruti board to meet on Sept 23
THE board of Maruti Udyog Ltd will meet on September 23 to decide on setting up a new plant for automobile assembly in a joint venture with its parent Suzuki Motor Corporation (SMC) of Japan. SMC had, on Monday, announced that a new company, ... More

Parry Agro to sell marine alga biz
THE directors of Parry Agro Ltd, a Murugappa group company, have decided to sell off the company's marine alga business, according to information given to stock exchanges. Officials said that its project to culture the marine alga, dunaliella ... More

Parry Confectionery to become Lotte India
The Registrar of Companies, Tamil Nadu, has approved the name change following the acquisition of Parry Confectionery Ltd by Lotte Confectionery of Korea. The Registrar of Companies has issued a fresh letter of incorporation on September 6, ... More

Bose suspension promises radically smooth car ride
FROM a high-fidelity speaker system to a high-tech vehicle suspension, might seem like a sharp change of direction for any company. But for engineers working with the best-known US corporate to bear an Indian name - Bose Corporation - ... More

Biryani Merchant plans to enter ready-to-eat segment soon
BIRYANI Merchant, an exclusive Biryani restaurant based in Bangalore, is planning a foray into the ready-to-eat segment soon. According to Mr Vishy Shenoy, CEO, Epicurean Entrepreneurs Pvt Ltd., (the company which owns the restaurant and the ... More

  • Mahindra Scorpio in Qatar

    BUYBACK

  • Gulf Oil plans buy back

    CORPORATE DISPUTES
    Birla Corp focused on growth, says Lodha
    FOR the first time since Priyamvada Birla's will was read out to the Birla clan two months ago, Mr Rajendra Singh Lodha, Co-Chairman of Birla Corporation, today sent out a strong signal to his opponents about his feelings and intentions. In ... More

    Confusion over chairing Birla Corp AGM
    TODAY'S Birla Corporation annual general meeting started with an enormous amount of confusion over who would chair the meeting. Not surprisingly, this led to a mood of confrontation among the shareholders. The meeting started off with Mr ... More

    CLB clarifies on chairing of Birla Corp AGM
    AN hour before the annual general meeting of Birla Corporation Ltd, the flagship company of M.P. Birla Group, was to be convened on Wednesday, the company approached the Company Law Board seeking clarification whether Mr R.S. Lodha, ... More

    Birlas knew M.P. Birla died intestate: Lodha's counsel
    This statement was made on Wednesday by Mr Anindya Mitra, counsel for Mr R.S. Lodha, during his arguments in the matter pertaining to the application for seeking discharge of the caveat filed by the four Birlas in the probate petition of Mr ... More

    COMPANY LAW
    Why change horses midstream
    The Concept Paper does not propose any path-breaking directional change to company law, say S. Kannan and V. S. Sowrirajan More

    AUDITING

  • New Indo Gulf auditor

    COURTS/LEGAL ISSUES
    Bombay High Court asks BCCI not to grant telecast rights till case is over
    THE Bombay High Court on Wednesday told the Board of Control for Cricket in India (BCCI) not to award the broadcast rights for cricket matches from October 2004 to September 2008 till the petition filed by ESPN-Star Sports is heard and disposed ... More

    RESTRUCTURING
    State Govt clears suggestion to restructure SILK
    THE State Government has approved the recommendations of the Enterprises Reforms Committee (ERC) for restructuring the public sector Steel Industrials Kerala Ltd (SILK). A Government order says that the specific proposals for implementation of ... More

    Sagar Cements plans to hive off grinding unit
    SAGAR Cements Ltd (SCL) is planning to hive-off its grinding unit at Bayyavaram in Anakapalle taluk of Visakhapatnam district. The grinding unit is engaged in producing cement by grinding the surplus clinker made available from the company's ... More

    NEW PROJECTS
    Govt to seek clarifications from Suzuki as NOC issue crops up
    SUZUKI'S plan to create a wholly owned subsidiary to manufacture cars in India may run into trouble as the company has not taken a formal clearance from the Ministry of Heavy Industries. The Government is a joint venture partner in Suzuki's ... More

    Electrosteel puts off opening of Haldia coke oven unit
    THE scheduled commissioning of the Rs 100-crore new coke oven plant of Electrosteel Castings Ltd (ECL) at Haldia with an installed capacity of 1.5 lakh tonnes per annum (tpa), has now been pushed back by six months to January 2005. Originally ... More

    REGULATORY BODIES & RULINGS
    Hikal gets US nod for its API facility in Bangalore
    HIKAL Ltd on Wednesday announced that it has received approval from the US Food and Drug Administration, Department of Health & Human Services (USFDA) for its active pharmaceutical ingredient (API) manufacturing facility at Jigani, Bangalore. .. More

  • Morepen DMF for anti-allergic drug

    ALLIANCES & JOINT VENTURES
    Long-term gas supply — Wartsila in talks with GAIL, GSPC
    WARTSILA India, makers of diesel-fired power generating sets is in talks with GAIL India and Gujarat State Petroleum Corporation for long-term natural gas supply. Rising international oil prices, coupled with improving natural gas supplies ... More

    Hatsun may strike deal with Britannia, HLL for supply of dairy whiteners
    HATSUN Agro Product Ltd is negotiating with Hindustan Lever and Britannia to supply them dairy whiteners. According to Hatsun Agro's Chairman and Managing Director, Mr R.G. Chandramogan, the talks are at an advanced stage and the deal could ... More

    EVENTS
    CII-Godrej Green Biz Summit next week
    ENTHUSED by the response to the Green Business Summit organised last year, the CII-Godrej Green Business Centre (GBC) has decided to institutionalise the event and is now organising its second edition from September 21 to 23 here. Announcing ... More

    PEOPLE
    Reliance announces team for Trevira
    THE Reliance Group today announced a new management team for Trevira GmbH that it acquired from Deutsche Bank AG earlier this year for 80 million euros (around Rs 450 crore). The ownership of Trevira was transferred to Reliance Industries Ltd ... More

    Punit Goenka to head Zee Sports
    ZEE Telefilms Ltd (ZTL) appears determined to go ahead with its sports channel. It announced today that Zee Sports will be headed by Mr Punit Goenka, CEO and full-time President of ASC Enterprises Ltd. Mr Goenka has been appointed as the ... More

  • Bajaj Auto inducts 3 new directors

    TRENDS
    Rise in number of complaints against defaulting cos
    THE Ministry of Company Affairs has seen a rise in the number of complaints received against defaulting companies. It received 12,283 complaints against such companies from shareholders and the public in 2002-03, up from 12,245 complaints in ... More


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