CORPORATE
ANNOUNCEMENTS
Indian Oil restores refuelling services in Andaman & Nicobar
INDIAN Oil Corporation has bolstered its refuelling services in the tsunami-affected areas of the Andaman & Nicobar Islands. Damaged facilities have been restored and normal fuel supplies were being made to the Indian Air Force, Navy, Coast ...
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Tata Power not to hike tariff this fiscal
TATA Power Company (TPC) will not increase electricity tariff for its retail and bulk customers in financial year 2004-05. In its annual revenue requirement, which documents the company's proposed income and expenditure for the New year, filed ...
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Balaji Tele to pay Rs 16 interim
MUMBAI: The board of Balaji Telefilms Ltd has declared an interim dividend of Rs 16 per share (800 per cent on an equity share of paid-up value of Rs 2) aggregating Rs 82.43 crore out of the company's profits. The record date for the ...
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HLL to transfer Sewri factory
MUMBAI: The shareholders of Hindustan Lever Ltd have approved the resolutions to transfer its Sewri undertaking in Mumbai to one of its subsidiaries and functionalised biopolymers business and manufacturing facilities in Pondicherry to a ...
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OVERSEAS BORROWINGS
Natco raises $13.5 m via FCCBs
HYDERABAD: Natco Pharma Ltd has announced that it has completed its foreign currency convertible bonds issue that has helped raise $13.5 million. These bonds are to be listed on the Luxembourg Stock Exchange. The Director Finance of ...
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COURTS/LEGAL ISSUES
Ozone sends legal notice to HLL on fairness cream ad
OZONE Ayurvedics appears to have put on battle fatigues after it has entered the Rs 1,000-crore fairness market with its new variant earlier this month. The Delhi-based company has sent a legal notice to market leader Hindustan Lever Ltd (HLL) ...
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ACCOUNTANCY
India, Oman sign pact on co-operation in audit activities
INDIA and Oman are to co-operate in the field of audit activities and exchange of experts in the areas of accountancy and auditing. A memorandum of understanding has been signed between the State Audit Institution of the Sultanate of Oman and the ...
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MERGERS & ACQUISITIONS
L&T looking for overseas buys in offshore oil, gas exploration
AFTER the recent acquisition of 50 per cent stake in Valdel Engineers and Constructors Ltd, L&T is now looking at overseas acquisitions to cement its presence in the engineering business related to offshore oil and gas exploration and ...
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BONUS ANNOUNCEMENTS
Glenmark to consider bonus
MUMBAI: The Mumbai-based Glenmark Pharmaceuticals Ltd told the Bombay Stock Exchange here on Thursday that its board of directors would meet on January 6 to consider a bonus issue of shares. ...
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OUTLOOK
Ceat planning to raise tyre prices by 8 pc in February
TYRE major Ceat Ltd is planning to increase the prices of its tyres between 6-8 per cent in February, a move that may see other companies following suit. Ceat's Vice-President (sales and marketing), Mr Kalyan K. Paul, told Business Line ...
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PEOPLE
Pfizer MD is `CFO of the Year'
MUMBAI: Pfizer's Executive Director, Mr Kewal Handa, has been given the India CFO Award 2004 by the Indian Management Association (IMA). The IMA India CFO Awards are for financial distinction and Mr Handa has been instrumental in taking ...
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