The Hindu Business Line : Saturday, May 07, 2005

NCCL may split shares
HYDERABAD: The board of directors of Nagarjuna Construction Company Ltd will meet on May 16 to consider sub-division of existing equity shares. The board would also consider and approve audited results of the company for the year ended ... More

PREFERENTIAL ALLOTMENTS

Rain Commodities allotment
HYDERABAD: The board of directors of Rain Commodities Ltd will meet on May 13 to consider allotment of equity warrants in favour of both non-promoters and promoters on a preferential allotment basis. The company informed the stock ... More

CORPORATE DISPUTES

Anil meets SEBI chief
IN the latest twist in the Ambani drama over control of Reliance group companies, Mr Anil Ambani met Mr M. Damodaran, Chairman, Securities and Exchange Board of India, on Thursday evening. The meeting, at SEBI's headquarters here, lasted an ... More

COURTS/LEGAL ISSUES

Nothing stalls a machinery from its `installed' status
TATA Iron and Steel Co Ltd had to battle with the Collector of Central Excise at the apex court recently on the meaning of the word `installed.' The company manufactured parts of rolling stock in its factory (Growth Shop) at Adityapur. It wanted ... More

RESTRUCTURING

RBI plans to amend norms to widen corporate debt recast scope
THE Reserve Bank of India proposes to widen the scope of Corporate Debt Restructuring (CDR) and make it more efficient. Under the changes proposed today by the RBI to the existing guidelines, the CDR scheme will be extended to corporates on ... More

REGULATORY BODIES & RULINGS

CAG finds fault with surplus land sale of NTC unit
THE Comptroller and Auditor General of India (CAG) has found shortcomings on the sale of land of 18.69 acres of sick textile mills by one of the subsidiaries of NTC. In a review on some of the commercial undertaking of PSUs, tabled in ... More

ALLIANCES & JOINT VENTURES

UK footwear, apparel brand DAKS ties up with The Loft
DAKS, premium British apparel and accessories brand, has tied up with The Loft, one of the largest footwear stores in India, to sell its footwear in Mumbai and Hyderabad. According to Ms Reetika Mehra Dalal, Executive In-charge, Up-market ... More

GAIL, NTPC reach pact over gas supply
ENDING a period of uncertainty, NTPC and GAIL (India) Ltd have reached an agreement over the price of gas supplies from the Panna-Mukta and Tapti (PMT) fields. GAIL started supply of gas from the Panna-Mukta Tapti field to NTPC on Friday at ... More

PEOPLE

R.K. Jain is NTPC Director (Tech)
NEW DELHI: Mr R.K. Jain has been appointed Director (Technical) of National Thermal Power Corporation Ltd. Prior to taking charge as the Director (Technical), he was the Executive Director (NCR), an NTPC release said on Friday. Mr Jain ... More

IDBI chief arrested for `casteist' remarks, released
THE Chairman of Industrial Development Bank of India, Mr V.P. Shetty, was arrested today under the Protection of Civil Rights Act, 1955, Section 7 (1) D, by the Mumbai police. He was released soon, on a bond of Rs 10,000. Mr Shetty was arrested ... More

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CAG finds fault with surplus land sale of NTC unit

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