Financial Daily from THE HINDU group of publications
Thursday, March 07, 2002
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Financial Daily from THE HINDU group of publications Thursday, March 07, 2002 |
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CORPORATE ANNOUNCEMENTS 
Siemens gung-ho; to invest $500 millionUNFAZED by the controversies over the Enron-promoted Dabhol power project, diversified corporate giant Siemens AG on Friday said it would invest $500 million in India in the coming years to expand its already wide presence in the country. The ... More
Nocil Thane plant to resume production
Reliance hikes polymer prices OPEN OFFERS Bells Controls hamstrung by SEBI delay on open offer THE ailing Bells Controls Ltd. has not been able to appoint a chairman or a managing director for almost six months now because the Securities & Exchange Board of India (SEBI) is yet to clear the open offer of its ... More CORPORATE DISPUTES BDA suit against National Industrial BDA Ltd, a liquor-manufacturing establishment owned by Mr Kishore Chhabria, has filed a suit against National Industrial Corporation (NIC), another liquor manufacturer, alleging infringement of patent on containers used by it. It has alleged ... More HUMAN RESOURCES `Poaching' fears THREATENED by the prospect of having their bright employees "poached" by major competitors, a section of the industry, especially those in high-profile segments such as information technology and telecom, favour doing away with the provision of ... More RESTRUCTURING BSNL to be split into four business units PUBLIC sector telecom behemoth Bharat Sanchar Nigam Ltd (BSNL) is being split into four separate business units as part of a massive restructuring exercise to cope with the impending competition in basic and national long-distance ... More
Wockhardt sells IV fluid business to Baxter India MERGERS & ACQUISITIONS Videocon stake in Matsushita set to slide VIDEOCON'S stake in Matsushita Air-Conditioning India Pvt Ltd is set to come down, with the Foreign Investment Promotion Board approving a proposal by Matsushita Electronic Industrial Co Ltd, Japan, to hike it stake to 90 per cent from the ... More NEW PROJECTS 24/7 to expand India operations The company intends to double its existing capacity of 800 seats by setting up the second centre, which would be funded from internal accruals, said Mr Scott Kline. More
Toyota to set up export unit in Karnataka REGULATORY BODIES & RULINGS Default calls `arrangement' stayed again THE Telecom Dispute Settlement Appellate Tribunal (TDSAT) has extended its stay on the interim arrangement for distribution of all default mobile-to-mobile STD calls between Bharat Sanchar Nigam Ltd (BSNL) and Bharti Telesonic Ltd (BTSOL) on ... More
DCA doubles employee salary disclosure cut-off
ALLIANCES & JOINT VENTURES Bharti Telesonic, Escotel group sign pact BHARTI Telesonic, the private long distance operator and fully-owned subsidiary of Bharti TeleVentures, has entered into a five-year agreement with Escotel and ETL of the Escorts group to contract leased line connectivity for its cellular ... More
AV Birla, Reliance groups keen on Singapore ventures INTERVIEW 
`Shaw Wallace can beat MNCs at their own game'WITH all odds stacked against him, people wrote off Mr M.R. Chhabria as yet another entrepreneur who wanted to make it big, but could not. What they didn't anticipate was his comeback. The Chairman of the Rs 3,000-crore Jumbo group of ... More
SICK UNITS Despite hike in administered price... Greater Calcutta Gas still gasping for breath THE Greater Calcutta Gas Supply Corporation will continue to register losses despite the West Bengal Government's decision to increase the administered prices of coal gas both for the industrial and domestic sectors. The company, which is a ... More OUTLOOK Hind Motors hopes to sell 15,000 Ambys this fiscal HINDUSTAN Motors Ltd is hopeful of selling about 15,000 units of the Ambassador car in the current fiscal. In 2000-2001, the company sold around 17,000 cars. The decline in Ambassador sales in the current financial year has been attributed ... More PEOPLE Raunaq Singh no longer MD of Apollo Tyres APOLLO Tyres has informed the Bombay Stock Exchange (BSE) that the present term of appointment of Mr Raunaq Singh as Managing Director of the company came to an end on March 5. His appointment as Managing Director was approved by the board at ... More TRENDS SEBI tells SEs to act tough on dividends THE Securities and Exchange Board of India (SEBI) on Wednesday clamped down on companies rushing to pay interim dividend before March 31. In a notice, the market regulator directed all stock exchanges not to relax the 30 days' and 42 days' ... More
Promoters to save Rs 196 cr in taxes
Finance Ministry move bursts dividend bubble
Some cos willing to cancel interim dividend Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Feb. 24-Mar. 2 Daewoo gives reprieve to Indian subsidiary DCA seeks details about Hutchison equity pattern `Size forms a virtuous cycle': — Mr Shailendra Ghaste, Vice-President, Investment Banking, JM Reliance Industries, RPL to be merged Gulf Oil, IDL get set to tie the knot |
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