CORPORATE
ANNOUNCEMENTS
Premier Auto plans to launch multipurpose diesel vehicle
PREMIER Automobiles Ltd is all set to tap the domestic market with a niche product, a multipurpose diesel vehicle called Premier Sigma. Speaking to newspersons, Mr Atul Akolkar, Head (Sales and Marketing), said that the vehicle was being ...
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Tata Chem to offer agri-solutions
TATA Chemicals has launched the `Tata Kisan Sansar', a chain of resource centres offering farmers end-to-end agri-solutions, including the latest in agro services and specialised input products. The Centres offer a range of services from agro ...
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BHEL bags Reliance order
MADURAI: Bharat Heavy Electricals Ltd (BHEL) has secured an order from Reliance Industries. Valued at Rs 190 crore, the order involves supply of three gas turbine generator sets — two for the Hazira Petrochemical Project and one ...
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COMPANY LAW
ICSI seeks `complete Prohibition' on accepting deposits by defaulting cos
THE Institute of Company Secretaries of India (ICSI) has recommended to the Government to `completely prohibit' companies that are defaulting on repayment of deposits raised by them, from accepting or inviting any deposits. "No company should ...
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AWARDS & HONOURS
LIBA to begin search for best corporate citizen
THE Loyola Institute of Business Administration (LIBA) is to identify the best corporate citizen for 2004 for the Mother Teresa Award. According to a press release, the award instituted in the name of Mother Teresa to showcase listed public ...
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Sami Labs gets US award
BANGALORE: The Bangalore-based pharmaceutical company Sami Labs Ltd, along with its associate company Sabinsa Corporation, USA, has been awarded the Thomas Alva Edison Patent Award for the year 2004 at the Liberty Science Centre in New ...
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TAXATION
Promises best not made
T. C. A. Ramanujam on how incentives clutter the tax law despite the best intentions
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CORPORATE BONDS
L&T issues more FCCBs to raise $25 million
LARSEN & Toubro has agreed to issue additional foreign currency convertible bonds of $25 million on exercise of the green shoe option by the managers to the issue. The bonds will be issued on the same terms and conditions at which the FCCBs ...
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RESTRUCTURING
Dabur creates new healthcare division; eyes acquisitions
"We realised that unless consumer healthcare division was created as a separate division, it might suffer from lack of focus if clubbed with the FMCG business, which would now come under the Consumer Care Division."
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Debt revamp system for medium sector enterprises
THE Reserve Bank of India has released the report of the Special Group on debt restructuring for medium enterprises on the lines of Corporate Debt Restructuring (CDR) for comments. The group was constituted to formulate a mechanism and to ...
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NEW PROJECTS
Sundaram-Clayton forms subsidiary to tap export market
SUNDARAM-Clayton Ltd is forming a subsidiary company that will tap the export potential for automobile components and also get the benefits of export incentives. It has informed the BSE that its board of directors has approved a proposal to ...
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Capmark chalks out plans to expand India operations
CAPMARK Overseas Services, an arm of General Motors Holding Company (GMAC) and General Motors Acceptance (GMAC), has drawn up expansion plans for India operations based out of Hyderabad. A team from General Motors Holdings Company, part of one ...
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Indian Rare Earth unit's plan
MADURAI: Indian Rare Earths Ltd, situated at Manavalakurichi in Kanyakumari district, is to be expanded at an estimated cost Rs 40 crore, according to the head of the plant, Mr K.P. Srinivasan. The initiative is to create more employment ...
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OUTLOOK
Kvaerner Powergas to clinch more deals for global clientele
The group looks at India as potential suppliers with an ability to offer quality goods and equipment at globally competitive costs.
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