Financial Daily from THE HINDU group of publications
Wednesday, February 08, 2006
Markets (Feb 07)
BSE Sensex10082.28(+101.86)
S&P CNX Nifty3020.10 (+19.65)
US Dollar (Buy/Sell)44.17/44.30


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CORPORATE

ANNOUNCEMENTS


L&T bags Rs 144-cr transmission line order in West Asia
LARSEN & Toubro has secured an order worth Rs 144 crore from the Abu Dhabi Water and Electricity Authority (ADWEA) for the construction of 85 km-long 220 kV transmission lines. The project, for which Mott MacDonald is consultant, is to be ... More

ACCOUNTING STANDARDS


Cos may adopt new accounting norms from April — Govt to accept NACAS recommendations in toto
COMPANIES may be required to adopt a new and revised set of accounting standards (AS) from accounting periods beginning April 1. These standards, which have been recommended by the National Advisory Committee on Accounting Standards (NACAS), ... More

CORPORATE DISPUTES


Mount 10,000 and Reliance
MOST Borivili-Churchgate local trains play host to `gangs' who do the up-downs together, almost on a regular basis, day in and day out. Often, they are from the same neighbourhood or community. Some play cards for ... More

INVESTMENTS


IOC to soon finalise merchant bankers for sale of ONGC, GAIL stake
INDIAN Oil Corporation is in the process of appointing merchant bankers for sale of part of its shareholding in Oil and Natural Gas Corporation and GAIL (India) Ltd. The company, which had invited bids to appoint merchant bankers to handle the ... More

Thru stake sale in ONGC, GAIL — IndianOil plans to retire part of debt
INDIANOIL PLANS to retire part of its Rs 10,000-crore short-term borrowings from domestic and international market through the first tranche sale of stake in ONGC and GAIL (India) Ltd. The company is expected to mop up close to Rs 3,700 crore ... More

AWARDS & HONOURS


LMW bags award for water management
THE Coimbatore-based textile machinery manufacturing major Lakshmi Machine Works Ltd (LMW) is among the 12 companies that received the National Award for `Excellence in Water Management' for the year 2005. The Confederation of Indian Industry, ... More

Devi Seafoods bags award
VISAKHAPATNAM: Devi Seafoods Ltd has bagged the Marine Products Export Development Authority award for the best export performance for the third successive year, according to a press release issued by the company here on Tuesday. The ... More

Satyam gets audit award
HYDERABAD: Satyam Computer Services Ltd has announced that its internal audit team has received "Recognition of Commitment Award (ROC)" from The Institute of Internal Auditors, USA (IIA). ... More

INSIGHT


Managing the professional — Styles to suit situations
Successful leaders find it helpful to vary their styles to suit different situations. Four different styles — structuring, guiding, encouraging and delegating — have been suggested in the literature. More

COURTS/LEGAL ISSUES


AP HC stays Visakha Dairy takeover
THE Andhra Pradesh High Court on Tuesday stayed the implementation of a State Government Ordinance for the takeover of Visakha Dairy management. The verdict was delivered in response to a writ petition filed by Mr A. Tulasi Rao, Chairman of ... More

ACCOUNTANCY


New curriculum for CA exams proposed
EXPLORING Mutual Recognition Agreements (MRA) with other accounting bodies, facilitating Government accounting reforms, and the launching and promotion of a new curriculum for CA examinations are some of the measures that form a part of the ... More

ENVIRONMENT


EcoSecurities eyes carbon credit projects in India
Credits, also known as CERs (Certified Emission Reductions), can be sold to countries that are required to cut emissions under the Kyoto Protocol. More

HUMAN RESOURCES


Homegrown cos offer better salary hikes than MNCs: Survey
The disparity in the salary increase among homegrown firms and MNCs was the most prominent in both the senior management and the middle management levels. More

Shell plans technology centre in Bangalore — To scale up headcount
The attraction and retention of top Indian technical talent has been a major driver in establishing Shell Technology India. Bangalore has been selected as the base since the city has become a centre of science and technology development and offers an inspiring environment for top talent to work and live. More

RESTRUCTURING


Reliance hands over control of 4 demerged cos to Anil Ambani
RELIANCE Industries Ltd (RIL) announced on Tuesday that it has handed over control of the four demerged companies to Anil Dhirubhai Ambani Group. This followed the reconstitution of the boards of the four companies - Reliance Natural ... More

MERGERS & ACQUISITIONS


Siemens plans to take 50 pc stake in Flender
SIEMENS Ltd has announced plans to acquire 50 per cent of the equity stake in Flender Ltd from Babcock Borsing India Ltd. The other 50 per cent of the equity stake in Flender Ltd is held by Flender AG, a company that was globally acquired by ... More

NEW PROJECTS


Sona Koyo plans Rs 400 cr for capacity expansion
The company is targeting Rs 300 crore through exports by 2010 from Rs 50 crore this fiscal. New Delhi, Feb 7 SONA Koyo Steering Systems, the flagship company of ... More

Krohne Marshall opens new facility in Pune
The new three-storey facility has a range of modern equipment for coil winding, form packing, shot blasting for superior surface finish and a modern paint booth with drying oven. More

ISMT hikes liquid metal capacity
ISMT Ltd on Tuesday informed that its steel division has increased its liquid metal capacity to 3,00,000 tonnes per annum by producing 19 "heats" in a day as against the average of 14.5 for the first nine months of the ongoing fiscal. The ... More

Shree Renuka Sugars plans refining facility at Haldia — Project to cost Rs 250 cr
During the non-sugar season, the company would import whites from Brazil, Africa and Australia. More

ALLIANCES & JOINT VENTURES


iTVX, Media e2e team up to offer brand placement valuation services
DO you know whether the brands placed in television or films are making an impact or not? In order to help advertisers and media planners to evaluate brand placements, iTVX (a New York-based product placements valuation company) and Media e2e (a ... More

OUTLOOK


Dr Reddy's to increase borrowing, investment limits
Dr Reddy's proposes to seek the approval of its shareholders through postal ballot for a resolution to give authority to the board for borrowings and investments. More

Volvo eyes major share in luxury bus market
Volvo would focus on city buses that are especially designed for congestedtraffic conditions. More

ONGC spots oil fields for re-development
ONGC has identified 21 locations in its ageing oil fields on the West coast for re-development. After re-development, the recovery rate of these locations is expected to increase from the existing 26-28 per cent to 40 per cent. Company sources ... More

PERFORMANCE


Ashok Leyland Jan sales up 20 pc
ASHOK Leyland has reported a 20 per cent jump in domestic sales of its vehicles last month with sales of 5,618 units compared to 4,655 in January 2005, according to a press release from the company. Total sales were up by 6 per cent at 5,787 ... More
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Top Stories
Siemens plans to take 50 pc stake in Flender


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Mount 10,000 and Reliance

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In Depth

Gender Justice
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Looking back
Jan. 29-Feb. 4
Lupin steps up pace in Europe

NHAI signs Rs 490-cr pacts with Reliance Energy-promoted SPVs

BPL plans to shift colour TV plant in Slovenia to Poland

IndianOil shows interest in Niko's oil, gas assets

Strategic investment gathers steam

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Tata Cummins to begin manufacturing ISB engine — Cummins, Tata Motors sign pact

L&T to acquire Spectrum Infotech


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