The Hindu Business Line : Thursday, May 30, 2002

Balco to invest Rs 6,000 cr more in smelter facility
BHARAT Aluminium Company Ltd (Balco) has entered into an MoU with the Chhattisgarh Government to invest an additional Rs 6,000 crore to quadruple the aluminium smelter facility in the State. According to an official press release, the MoU ... More

MSEB trips Tata Engg -- Load shedding halts production
PRODUCTION at auto major Tata Engineering's facilities in the Pimpri-Chinchwad industrial belt came to a complete halt on Wednesday even as the Maharashtra State Electricity Board (MSEB) stepped up its "distress load shedding" beginning Tuesday ... More

MERGERS & ACQUISITIONS

Khaitans, Magors hopeful of settling cross-holding issue
THE Khaitans and the Magors have partially disentangled their cross-holdings, but the two groups are continuing their talks and hope to complete the entire process within a month or two. Talking to Business Line from Hong Kong, Mr Deepak ... More

Same Deutz-Fahr buys out stake in jt venture
ITALIAN tractor maker Same Deutz-Fahr S.p.A has bought out the equity stake of Greaves Ltd in their equal joint venture for $5 million to strengthen its Indian operations, company officials said on Wednesday. The company has a manufacturing ... More

US co set to pick up 26% in Rambal -- Bets on exports to boost turnover
RAMBAL Ltd, part of the Chennai-based Shriram group, anticipates a substantial jump in export income in the next few years, mainly because of a strategic partnership it has entered into with Indimet Inc of the US. Indimet is also picking up a ... More

Wilco Intl buys German firm
WILCO International, a subsidiary of Automatic Data Processing Inc, has acquired German financial software and services provider ISAM GmbH, a Frankfurt-based firm with a subsidiary in Prague. This acquisition further enhances Wilco's and ADP's ... More

Kotak Mahindra Fin okays amalgamation
THE shareholders of Kotak Mahindra Finance Ltd (KMFL) have approved the scheme of amalgamation of Guldasta Investment & Trading Private Ltd, Mega Asset & Capital Management Private Ltd, Scope Holdings Private Ltd and Twilight Holdings Private Ltd ... More

CORPORATE GOVERNANCE

Corporate governance centre to have global tie-ups
THE Centre for Corporate Governance has sought to establish linkages with global institutions, including those in Commonwealth nations, which work on various aspects of corporate governance. The idea is to evolve what Dr Madhav Mehra, President ... More

OUTLOOK

SIS Software to invest $1 m in Hyderabad centre
SIS Software India, a wholly owned subsidiary of Surgical Information Systems Inc, a solutions provider for the US healthcare industry, is set to invest about $1 million in its India facility at Hyderabad, add more professionals and port its ... More

`Gamble' pays off for Playwin
PLAYWIN Infravest, the online lottery agency, is all set to break even in 16 weeks of its existence. It revenues are to the tune of Rs 55 crore collected in just nine weeks. In this short span, there have been nine draws, which resulted in two ... More

PERFORMANCE

Asian Paints: A few striking colours
THANKS to the perk up in conditions during the second half of fiscal 2002, Asian Paints has turned in improved performance. Sales and operating margins have improved over the previous year. Post-tax earnings have also risen. The future looks ... More

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$5-billion dream is realisable: Premji

`Strategic partner free to use reserves of divested PSUs'

Foreign shareholding in India Inc ebbs

Prepaying external debt: Quite necessary

Why India lags in wealth generation

Water privatisation -- Torrent of trouble

In Depth
Gender Justice

Simple Economics

Guide to derivatives

Looking back
May. 19-May. 25
`Park Hotels open to ideas of going overseas'

HLL tags special dividend to bonus debenture -- Scheme modified to address income-tax problem

Hind Sanitaryware to demerge glass unit to separate co

A costly miss for Indian Oil?

Pre-1971 cos continue to dominate: CMIE study

OrbiTech merges with Polaris -- Citigroup is largest stakeholder

IOC to divest stake in ONGC, GAIL -- Over Rs 2,500-cr gain seen

Significant M&A activity in offing: A.T. Kearney survey