Financial Daily from THE HINDU group of publications
Wednesday, May 15, 2002
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Financial Daily from THE HINDU group of publications Wednesday, May 15, 2002 |
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CORPORATE ANNOUNCEMENTS Eveready sells Assam tea garden to Rossell EVEREADY Industries India Ltd, the flagship company of Mr Brij Mohan Khaitan, has sold its Assam-based Romai tea garden to Rossell Tea for Rs 13.91 crore. According to the official spokesperson of Eveready Industries, the company has till date ... More
Ranbaxy: A shot at US market
Guj Gas to buy extra gas from GSPC OPEN OFFERS Tata's open offer for VSNL oversubscribed THE Tata group's open offer for an additional 20 per cent stake in Videsh Sanchar Nigam Ltd (VSNL) has been oversubscribed more than 1.5 times. The group will now have a 45 per cent stake in VSNL, having earlier bought a 25 per cent stake from ... More COMPANY LAW DCA experts' panel reviewing accounts inspection norms The provisions of compounding of offences and even the process involved for the same has to be examined. "There is a need for rationalising the whole process. This can be done either by amending certain provisions of the Act or by bringing out proced ural norms," sources said. More COURTS/LEGAL ISSUES HC sets aside WBERC order on rate revision A DIVISION Bench of the Calcutta High Court comprising Mr Justice A.N. Ray and Mr Justice M. Sinha on Tuesday cancelled the order of the West Bengal Electricity Regulatory Commission (WBERC) passed on September 21, 2001. Responding to an appeal ... More RESTRUCTURING Samtel India sells unit to Color for Rs 40 crore Samtel India will now remain in only two spheres of activities - manufacturing of colour monitors and black and white televisions. More MERGERS & ACQUISITIONS West Coast to take acquisition route WEST Coast Paper Mills Ltd (WCPM) of the S.K. Bangur group plans to grow fast through the acquisition route because the company has limitations in expanding capacity at its Dandeli mill in Karnataka due to a space problem. Talking to ... More NEW PROJECTS Balco board clears Rs 5,000-cr expansion THE board of Bharat Aluminium Company Ltd (BALCO), now a part of the Sterlite Group, has approved a Rs 5,000-crore expansion of aluminium and alumina capacity at its Korba facility at Chhattisgarh. The expansion project envisages increasing ... More
INTERVIEW 
ECIL: From almost `sick' to healthy turnaround"The leadership of ECIL and the Department of Atomic Energy, particularly Dr R. Chidambaram, played an important role in bringing about a positive change. When proposals were placed before the then Cabinet Secretary, Mr Prabhat Kumar, he said: "ECIL is a national asset and we will not allow it to go to BIFR.'' More RIGHTS ISSUES 
Suzuki to take wheel at Maruti: Rights issue at Rs 3,280 a shareIN a landmark decision, the Centre today decided to hand over management control in Maruti Udyog Ltd (MUL) to Suzuki Motor Corporation (SMC) for a consideration of Rs 1,000 crore. SMC would acquire controlling stake in the country's leading ... More SICK UNITS SBI told to submit report on Jessop revival by June 15 STATE Bank of India (SBI), the operating agency (OA), for Jessop & Co Ltd, has been directed by the Board for Industrial and Financial Reconstruction (BIFR) to submit its report on the rehabilitation proposal by June 15. The Bench observed ... More OUTLOOK Pomsy promises new dimension to biscuits THE Kerala-based Pomsy Food Products Pvt Ltd, the newest entrant to the bustling biscuits and snack foods market, promises to "bake more interesting biscuits''. "Right now, biscuits are not perceived as an interesting product. The reason is ... More PERFORMANCE Leyland's sales up 23.6 pc in April ASHOK Leyland Ltd sold 23.6 per cent more number of vehicles in April 2002, against the same month in the previous year, according to a company press release. The truck maker sold 2,236 vehicles last month, as compared to 1,808 vehicles in ... More NEW PRODUCTS & SERVICES Ranbaxy's new molecule eyes hospital infections RANBAXY Laboratories Ltd (RLL) has filed an Investigational New Drug (IND) application for its molecule — Ranbezolid (RBx 7644) — with the Drug Controller-General of India (DCGI) to target hospital-acquired infections. This would ... More 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 May. 5-May. 11 Western Union has big plans in money transfer sector Board-level appointments -- DCA to tighten norms for relatives of directors India Inc views long term with greater optimism Top 15 account for Rs 53,760 cr -- Investments in 62 projects shelved Q4 results prove elusive for investors First year after sell-off to Sterlite -- Strike, power shave Balco profit Maruti to insure own vehicles -- Ties up with Bajaj-Allianz, NIC |
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