The Hindu Business Line : Monday, October 24, 2005

Aditya Birla Group rules out foray into steel making
THE Aditya Birla Group has ruled out plans to get into steel making. The conglomerate will focus on remaining a "cost-effective, raw materials supplier" to the steel industry, Mr Ravi Kastia, Group Executive President and Business Head of the ... More

Delta & Pine Land to expand operations here
DELTA and Pine Land Company (D&PL) is now planning to expand operations in India. The company is a global leader in commercial breeding, production and marketing of cotton planting seeds based in Mississippi, USA. It is present in the global ... More

Gujarat State Petronet plans IPO shortly
GUJARAT State Petronet Ltd (GSPL), the gas distribution entity of Gujarat State Petroleum Corporation (GSPC), will come out with an initial public offering (IPO) in the next couple of months to fund the second phase of its pipeline project. ... More

INSIGHT

Measuring performance and capability
EVERY THIRD client meeting I attend inevitably veers around to the subject of performance planning or reviews. The context is either the ensuing performance cycle, a recently-concluded employee survey or a couple of ... More

ACCOUNTANCY

Chartered accountants' body offers services to Kerala Govt
A list of services submitted by the chartered accountants offers to add an element of professionalism to the activities of the State Government. More

MERGERS & ACQUISITIONS

Stemcor to pick up stake in Mesco Steel
STEMCOR, a UK-based steel trading major, appears to be on an equity acquisition drive in India through its local arm, Stemcor India Pvt Ltd. The company is already in talks with the Mesco group and has decided to pick up equity stake in the ... More

NEW PROJECTS

Apache Footwear plans unit in TN
APACHE Footwear, a Taiwan-based sports shoe manufacturer, proposes to set up a $60 million (about Rs 250 crore) footwear production facility near Chennai, according to industry sources. The company is in discussion with the State Government to ... More

SOCIETY & DEVELOPMENT

`Creating shareholder value, helping society must go together'
MR S. Sivakumar, Chief Executive Officer of ITC Ltd (Agri Business), has said that any effort to improve shareholder value should not be at the cost of society. "Creating shareholder value and helping society can go together," he said, ... More

OUTLOOK

India is key market for us: Sony chief
INDIA is a strategically important market for Sony Corporation, said its Chairman and Chief Executive Officer, Mr Howard Stringer. But, Mr Stringer did not spell out the plans the electronics and entertainment major has for India. Sony is in ... More

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