The Hindu Business Line : Monday, September 12, 2005

Officers submit progress report on inventory of Priyamvada items
THE Special Officers appointed by the Calcutta High Court to make an inventory of the articles left behind by late Priyamvada Birla in the family houses at Kolkata, Delhi, Mumbai and Jaipur have filed a progress report in the Court of Justice ... More

COMPANY LAW

`New company law likely to retain control over director remuneration'
THE final version of the proposed new company law is likely to retain some form of control on the remuneration to directors in companies, according to company law expert, Mr Shardul Shroff, who is partner of law firm, Amarchand Mangaldas & ... More

MERGERS & ACQUISITIONS

Indo Gulf, Birla Global to merge into Indian Rayon — Swap ratio at 3:1; new company to be called Aditya Birla Nuvo
THE Aditya Birla Group, in a major consolidation exercise, has decided to merge Indo Gulf Fertilisers Ltd and Birla Global Finance Ltd into Indian Rayon Industries Ltd. The boards of all three companies that met on Sunday approved the proposal ... More

`Financial synergy, the driver of merger'
FINANCIAL synergy, and not product synergy, was the driver for the merger of the three A.V. Birla group entities. Although the merger was a practical and expedient thing to do at this point, it should not be seen as a move of temporary ... More

Consolidation drive seen to continue in tractor industry
WITH the domestic tractor industry on a continued double-digit growth run, consolidation seems to be the buzzword for the industry this year. In fact, the year has already seen two big-ticket deals involving tractor firms, with a third one likely ... More

DIVERSIFICATION

Indo Count's home furnishings foray gets shareholders nod
SHAREHOLDERS of Indo Count Industries have approved its foray into home linens, including table and bed linens, curtains and made-ups. This is the company's maiden foray into the home furnishings and will involve an investment of Rs 163 ... More

SICK UNITS

CITU urges Centre to clear revival packages for BHPV, HSL
THE Centre of Indian Trade Unions has urged the Union Government to clear the revival packages for the public sector Bharat Heavy Plate and Vessels Ltd (BHPV) and the Hindusthan Shipyard Ltd (HSL) here and also to sanction the expansion scheme of ... More

OUTLOOK

Hyundai Electronics plans marketing blitz; eyes Rs 600-cr sales
HYUNDAI Electronics India Ltd has unveiled aggressive marketing plans for generating revenues of Rs 600 crore in 2005-06. Last fiscal, it notched a turnover of Rs 100 crore. The company, which has launched its range of flat screen colour ... More

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