Financial Daily from THE HINDU group of publications
Wednesday, March 13, 2002
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Volvo expects to launch sleeper buses in 6 months
VOLVO India Pvt Ltd plans to introduce sleeper buses in about six months, the company's General Manager, Bus Division, Mr Akash Passey, told a press conference here today. He said that the company would raise the indigenisation level from ... More

TM International to begin Haldia operations soon
The company's board would meet shortly to finalise its business plan for the next three years. The seven-member board has four representatives from Tata Steel and three from the German partner. More

  • Toonz working on Unicef video
  • Alstom to supply steam turbine gen set to Monnet

    ACCOUNTING STANDARDS


    Meet to discuss Enron impact on accounting
    THE International Federation of Accountants will hold a three-day board meeting in Tunisia from March 18 to discuss various issues arising out of the collapse of Enron Corporation and their implications for the accountancy and auditing ... More

    CORPORATE DISPUTES


    `Hungry kya' campaign gets Grey angry
    ANGRY Kya? Advertising agency Grey Worldwide (India ) Pvt Ltd is seeing red over Domino's Pizza India's failure to clear its dues for the `Hungry Kya?' campaign which gave the pizza brand wide recognition across Indian homes. The agency ... More

    AUDITING


    DCA should reject `qualified' accounts: ICAI chief
    THE Department of Company Affairs (DCA) should not accept or take on record the annual accounts of companies that have been qualified by auditors, the President of the Institute of Chartered Accountants of India (ICAI), Mr Ashok Chandak, has ... More

    RESTRUCTURING


    Tata Refractories to go in for revamp, focus on exports
    Mr C.D. Kamath, Managing Director of TRL, told Business Line that this involved reducing plant and equipment age by 10 to 15 years over a two-year timeframe, manpower re-engineering and a qualitative shift towards high-value non-steel ... More

    MERGERS & ACQUISITIONS


    MTNL may take stake in Sri Lanka Telecom
    MAHANAGAR Telephone Nigam Ltd. (MTNL) is considering picking up an equity stake in Sri Lanka Telecom (SLT) - the premier telecom service provider in the island nation. According to official sources, after being approached by merchant bankers ... More

    Zee acquires 64 pc stake in Padmalaya
    ZEE Telefilms Ltd (ZTL) announced on Tuesday that it is acquiring a strategic stake in Padmalaya Telefilms Ltd (PTL) through the acquisition of 64.3 per cent stake in PTL's holding company, Padmalaya Enterprises Pvt Ltd (PEPL). The ... More

    Tulip pays up for Juhu Centaur -- Management control later
    HONOURING the deadline set by the Union Government, Tulip Hospitality Services, promoted by Mr Ajit Kerkar, paid the bid price of Rs 153 crore into an escrow account for acquiring the Juhu Centaur property of Hotel Corporation of India ... More

    Dr Reddy's to buy two UK-based cos
    IN a move that enables a smooth entry into the UK generics market, Dr Reddy's Laboratories Ltd, the Hyderabad-based pharma major, is set to make its first overseas acquisition next month by taking over two UK-based privately-held pharma ... More

    UB to merge Millennium with S&N joint venture
    AS part of the consolidation exercise by the UB group, Millennium Alcobev Ltd (MABL), a group company, is likely to come under the fold of the proposed joint venture company with European brewer, Scottish & New Castle (S&N). In fact Mr Ravi ... More

    Akzo Nobel stake in Infar crosses 97 pc
    THE 938-million euro Dutch multinational company, Akzo Nobel, has already bought over 97 per cent stake in Infar India Ltd in its bid to make the company its wholly-owned subsidiary. According to industry sources, once the buyback process is ... More

    NEW PROJECTS


    Ministry studying CSL expansion
    THE Union Shipping Ministry is considering a proposal submitted by Cochin Shipyard Ltd (CSL) to expand the ship repair facilities at an estimated cost of Rs 98.38 crore. The expansion proposal involved installation of 120 M ship-lift system ... More

    Spice Telecom to spice up its act -- Plans Rs 50-cr expansion
    SPICE Telecom, one of the two mobile phone service operators in Karnataka, will be investing Rs 50 crore this year to expand its infrastructure. It also hopes to double its present subscriber base of 1.5 lakh in the next two years and sharpen its ... More

    Tafe Access to take up more auto dealerships
    TAFE Access Ltd, a subsidiary of Tractors and Farm Equipment Ltd of the Chennai-based Amalgamations group, plans to take up more automobile dealerships. Currently, Tafe Access Ltd (TAL) has a dealership for Tata Engineering's multi-utility ... More

    Mahindra Holidays expands into North
    MAHINDRA Holidays & Resorts India Ltd has added four northern hill destinations to its network. The company, which is primarily into time-share, has a presence in Goa and Munnar and has now expanded to the hill stations of Manali, Mussoorie, ... More

    REGULATORY BODIES & RULINGS


    Cap on investment arms of corporates under study
    THE Government is considering a proposal to limit the number of investment firms that can be floated by a company or a corporate group. The Department of Company Affairs (DCA) has already set up a five-member committee to examine the prospects ... More

    SEZ norms likely to be eased
    THE Department of Company Affairs is considering a set of proposals to ease the various company law requirements for companies established in the special economic zones. Besides the incorporation of a separate limit for managerial remuneration ... More

    OUTLOOK


    Asianet earth station by May
    ASIANET Communications Ltd's earth station being set up at Thiruvananthapuram at a cost of $1 million will be ready for uplinking in May 2002. This move is expected to result in cost savings for the channel, currently uplinking from Chennai, ... More
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  • Top Stories
    `Basic telephony operators see creeping growth rate'


    House panel slams Govt on petrol cess redirection

    Rice exports up despite fall in global demand

    MTNL may take stake in Sri Lanka Telecom

    Govt rethink on powers to hike excise rates

    Oil refineries face hike in insurance premiums

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Mar. 3-Mar. 9
    Aptech to consolidate overseas operations -- Plans Rs 10-cr expansion

    Reliance Ind, Petro boards fix merger swap at 1:11

    Electrosteel Castings gains control of two Lanco cos

    Violation of SCRA -- Interim dividend rush kicks up row

    Tata Engg unveils 7-seater `Indiva'

    SEBI told to ensure cos' compliance on interim

    SEBI tells SEs to act tough on dividends

    Siemens gung-ho; to invest $500 million

    Not all gloom & doom in India Inc

    After dividend rush come cancellations

    Hindustan Fertilizer Haldia unit staring at liquidation


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