Financial Daily from THE HINDU group of publications
Sunday, November 20, 2005
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ANNOUNCEMENTS


Futurestep expands operations here
FUTURESTEP, the recruitment outsourcing subsidiary of Korn/Ferry International, has announced the expansion of its global operations into India. The firm will focus on recruitment process outsourcing (RPO), in addition to project and mid-level ... More

MyTVS all set to go national
T V Sundaram Iyengar and Sons, which launched the `MyTVS' brand in the South three years ago, is now gearing up to take the brand nationally. While the expansion plans for Andhra Pradesh and Karnataka have been finalised, its plans for the ... More

COMPANY LAW


Complying with clause 49 will make PSU boards unmanageable: SCOPE
AS the December 31 deadline for compliance of clause 49 of listing agreement is fast approaching, the public sector giants with a chairman-cum-managing director heading the show are eagerly looking for relief from inducting 50 per cent ... More

FIXED DEPOSITS


FD OPTIONS
OCL India: Invest in one and 3-year options
OCL India: Investors can consider exposure in the fixed deposit options of OCL India. The one- and three-year options can be considered. As the two-year option does not offer any premium over the rate on the one-year option for the longer ... More

MERGERS & ACQUISITIONS


Panel to study feasibility of steel, mining PSU mergers
THE Government is considering merger of three mining companies, namely Kudremukh Iron and Steel Company (KIOCL), Manganese Ore India Ltd (MOIL) and National Mineral Development Corporation. Another proposal is to merge Steel Authority of India ... More

Behuria discusses investment proposals with Bengal CM
INDIAN Oil Corporation (IOC) on Saturday discussed prospective investment opportunities in upstream and downstream petrochemicals sector at Haldia in West Bengal. The company had previously offered to invest Rs 5,000 crore in Haldia ... More

NEW PROJECTS


H&R Johnson unit in Rajasthan
TILE manufacturer H&R Johnson India Ltd is planning to set up an additional manufacturing facility near Ajmer in Rajasthan with an investment of Rs 110 crore. This investment is being made through internal accruals, say company officials. This . More

Haworth plans $10-m Pune unit
NEW DELHI: Office furniture maker Haworth India Pvt Ltd has said it is setting up a 65,000 sq.ft. manufacturing facility in Pune with an investment of $10 million. The facility would be ready for production by February. The company intends ... More

ALLIANCES & JOINT VENTURES


Jindal Steel signs pact with S. African, German cos
JINDAL Steel & Power Ltd (JSPL) has entered into an understanding with South Africa-based Sasol-Lurgi Technology Company and Lurgi AG of Germany for a coal gasification facility at its proposed six-million-tonne steel plant in Orissa. The ... More

OUTLOOK


Positive trends: IOC hopes to post higher profit
"Crude prices have recently come down to the lowest level during this fiscal. Though this has also brought down our refining margin, we are no longer losing money on sales of petrol and diesel,'' Mr Behuria said. More
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