Financial Daily from THE HINDU group of publications
Saturday, April 20, 2002
Markets (April 19)
BL 2501138.91 (-26.53)
BSE Sensex3364.40 (-56.54)
S&P CNX Nifty1100.30 (-28.70)
Dollar (Buy/Sell)48.85/48.98
Gold Std (10 gm)5050 (+10)

News
Features
Stocks
Port Info
Archives


Subscription

Group Sites

CORPORATE

ANNOUNCEMENTS


Hindustan Lever puts off AGM to June 26
HINDUSTAN Lever Ltd has postponed its annual general meeting to June 26 from its earlier planned date of May 10 primarily to allow for the passing of the Finance Bill 2002-2003. HLL said it was postponing its AGM to enable it to place the ... More

  • DRL board to meet on June 4
  • Sterlite `scheme'

    RESTRUCTURING


    DVC plans restructuring
    THE Damodar Valley Corporation, keen on evolving as a vibrant and growing entity in the new millenium, has chalked out a slew of organisational and operational restructuring plans. On the organisational side, the over-50-year-old multi-purpose ... More

    MERGERS & ACQUISITIONS


    Caltex gets buy-out okay with 5-yr rider
    THE Government has permitted the US-based Caltex to buy out the 49 per cent stake held by Indian shareholders in the company's joint venture Indian subsidiary for a consideration of Rs 175 crore with a mandatory disinvestment clause. The ... More

    HC okays merger scheme of Mahindra group cos
    MAHINDRA & Mahindra Ltd (M&M) has informed the Bombay Stock Exchange that the Bombay High Court has approved the scheme of arrangement involving, inter alia, amalgamation of e-Mahindra Solutions Ltd, Mahindra Auto Specialities Ltd and Mahindra ... More

    FIPB decision on Hind Lever holding deferred
    THE Foreign Investment Promotion Board (FIPB) has deferred a decision on Hindustan Lever Ltd's (HLL) application to raise FII shareholding in the company from the existing 24 per cent to 49 per cent. A decision on whether the company will be ... More

    IAPL merger with Nalco notified
    THE Department of Company Affairs (DCA) has issued a notification approving amalgamation of International Aluminium Products Ltd (IAPL) and National Aluminium Company Ltd (Nalco), both Government companies incorporated under the Companies Act, ... More

    NEW PROJECTS


    Skoda to expand assembly operations
    SKODA Auto India, the subsidiary of Czech Skoda Auto, is expanding the assembly operations at its Aurangabad plant that makes the Octavia car, its Chairman, Mr Karl-Guenter Bausching, has said. From June the company will assemble engine, gear ... More

    Essel Propack to put up US plant to serve P&G
    ESSEL Propack Ltd (EPL), pursuing its targeted 50 per cent share of the global market for laminated tubes by 2005, today said it would set up a plant in the US to service the needs of FMCG major, Procter & Gamble. The five-year contract was ... More

    Lurgi setting up PET plant for Aspet
    LURGI India Company Ltd, the Indian subsidiary of the German major Lurgi Oil-Gas Chemie GmbH, has just initiated the process of setting up a PET plant for South Asian Petrochem Ltd at Haldia. The Dhunseri group-promoted Rs 450-crore PET plant ... More

    Travancore Titanium plans to hike capacity
    IN a twin-pronged strategy aimed at consolidating its market presence, Travancore Titanium Products Ltd (TTP), a public sector undertaking under the Kerala Government, has decided to hike capacity by 30 per cent and tone up its product offerings. ... More

    Intrex mulls trade platforms abroad
    INTREX India Ltd, the country's first cashless trade exchange, and member of the Essel group, is planning to set up trade exchanges abroad. Mr Ashok Goel, Managing Director of Intrex, told presspersons here that the company was currently weighing ... More

    REGULATORY BODIES & RULINGS


    Bid to ensure compliance of co secy norms
    IN a bid to ensure proper compliance of the Companies Act provisions, the Department of Company Affairs (DCA) is contemplating further relaxation in the norms for appointment of company secretaries. The department is looking into a proposal to ... More

    ALLIANCES & JOINT VENTURES


    ONGC, IPCL sign price pact for ethane, propane
    OIL and Natural Gas Corporation Ltd (ONGC) and Indian Petrochemicals Corporation Ltd (IPCL) have signed a price agreement for ethane (C2) and propane (C3), thus, removing one of the stumbling blocks in the privatisation of IPCL. According to ... More

    Tata Power keen on venture with DVC
    TATA Power Ltd (TPL) has shown keenness to partner Damodar Valley Corporation (DVC) for setting up a power plant. Sources said that informal talks had already been held in this regard. "The Tatas have shown interest in tying up with DVC for ... More

    SICK UNITS


    Days numbered for Fertiliser Corpn units
    UNCERTAINTY stares nearly 7,000 employees of Fertiliser Corporation of India as the Appellate Authority for Industrial & Financial Reconstruction (AAIFR) has ordered the winding up of all the five units of the public sector fertiliser ... More

    7 non-operational Cement Corpn units to be closed
    THE Union Cabinet has permitted Cement Corporation of India (CCI) to shut down its seven non-operational units. "The Cabinet on Thursday permitted CCI to take advance action to close seven non-operational units under the Industrial Disputes Act ... More

    OUTLOOK


    Top Telemedia eyes 3-fold jump in profit
    TOP Telemedia Ltd is expecting a three-fold increase in net profit at Rs 21.5 crore for the year 2002-2003 fiscal, mainly on account of a substantial expansion of its business portfolio. The company had ended the 2001-2002 fiscal with a net ... More

    Decision cycles shrinking: Wipro
    WIPRO Ltd sees immediate traction from new clients as decision cycles shrink while pricing pressure is likely to continue for the first half of the current financial year. ``Decisions are being taken now,'' the Chief Financial Officer, Mr ... More

    PEOPLE


    New GM for KIOCL
    BANGALORE: Mr H. Guruprasad has assumed charge as General Manager (Technical Services), Kudremukh Iron Ore Company (KIOCL). Mr Guruprasad, who had worked in various capacities in companies such as Siemens, Mumbai, and Kirloskar ... More

    Nagarjuna Oil top brass quit
    THE six-million-tonne per annum refinery project of the Nagarjuna group has run into rough weather, with the company's Managing Director and CEO, Mr V. Shyam Sundar, and a number of senior officials putting in their papers. Mr Sundar could not be ... More

  • BHPV gets new chief
    Scoreboard
    SE Diary
    Comments & Letters to the Editor to: bleditor@thehindu.co.in
    Subscribe to: Business Line
  • Top Stories
    Watchdogs on watch


    Caltex gets buy-out okay with 5-yr rider

    Xansa, TN pact for Rs 234-cr tech park

    Auto cos get FIPB green signal for new models

    Wipro net profit up 32 pc; Q4 revenues down 6 pc

    2.31 cr new policies sold in 2001-02 -- LIC close to deal for venture in Lanka

    `I-T relief for poll funds a mockery of justice'

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Apr. 7-Apr. 13
    Manu Chhabria dead

    Norms for dividends sans depreciation under study

    Suzuki set to take control of Maruti with 56% stake -- Rights issue renunciation almost finalised

    Infy forecasts growth of 18-22 pc in 2002-03

    `A Coke IPO will sizzle the capital market'

    Ranbaxy UK arm a problem child?

    MRPL may go into Reliance fold -- Birlas, HPCL in talks to shed part of stake


    The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
    Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

    Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line