The Hindu Business Line : Monday, August 08, 2005

Modernisation of 22 mills — NTC calls bids for machinery supply
NATIONAL Textile Corporation has invited bids for supply of textile machinery, both domestic and imported, as part of its proposed modernisation of 22 functioning viable mills. Having received the nod from the Board for Reconstruction of ... More

ANNOUNCEMENTS

Torrent Pharma to make insulin for Novo Nordisk
AHMEDABAD-based Torrent Pharmaceuticals Ltd will set up a dedicated formulation and packaging facility to make insulin for Novo Nordisk of Denmark. The new unit will be set up at Torrent's existing manufacturing facility at Indrad in Gujarat ... More

Honda Matrix opens service centre at Mangalore
MANGALORE: Honda Matrix opened its fourth service centre in Mangalore on Saturday. Mr D. Rajendra Kumar, managing partner of Honda Matrix, told newspersons here that the service centre has a division for spare parts and a training ... More

NMDC pays Rs 99 cr dividend to Centre
NATIONAL Mineral Development Corporation Ltd (NMDC) has paid a dividend of Rs 98.81 crore to the Central Government for 2004-05. The Chairman and Managing Director of NMDC, Mr B. Ramesh Kumar, handed over the dividend cheque to the Union ... More

ACCOUNTING STANDARDS

LS Speaker for better accounting standards
THE effective functioning of the Indian capital markets depends on the investor's trust in the system. "And the inflows into the capital market can be attracted only when the investors have adequate confidence in the related processes," the ... More

INSIGHT

Reliance holds Rs 12,000 cr worth of its own stock
ABOUT 17 crore shares of Reliance Industries worth Rs 12,000 crore in value are held by certain entities, according to the company, for the collective benefit of the shareholders. These entities would not, however, be receiving shares that would ... More

CORPORATE GOVERNANCE

Two-tier board structure — Adding to the PSUs' burden?
It is hoped that the Government's decision on the proposal for a two-tier board for public sector companies is realistic. Not only is it difficult to get qualified and experienced persons to man both levels of the structure, there is also no guarante e that such a system will guarantee better performance. More

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