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Monday, June 10, 2002

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ACCOUNTING STANDARDS


Revised ICAI standards on building contracts
THE Institute of Chartered Accountants of India (ICAI) has issued a revised accounting standard on construction contracts. This standard is applied in accounting for construction contracts in the financial statements of contractors. An ICAI ... More

MERGERS & ACQUISITIONS


Need to change creeping buy norms: Assocham
ACQUISTION of shares by promoters within the creeping limits of the takeover code should be pre-notified to the stock exchanges, according to the Associated Chambers of Commerce and Industry of India (Assocham). In a note on the recommendations ... More

NEW PROJECTS


Talks with contributors of UTI on new co soon
According to senior officials, talks will have to be initiated with the institutions also on the extent of their contributions to the shortfall in the assured return schemes of UTI. More

REGULATORY BODIES & RULINGS


DCA submits inspection reports of 82 cos to JPC
THE Department of Company Affairs (DCA) has submitted inspections reports on 82 companies to the Joint Parliamentary Committee (JPC) enquiring into the stock market scam of 2001. Based on the preliminary investigation report of the Securities ... More

INTERVIEW


Sharp Tools plans white goods foray; IPO in 2 years
"The entire pump industry has overcome the fear of being wrecked by cheaper Chinese imports. They did not meet the expectations of the Indian public and could not succeed in the market." More

SICK UNITS


Banks suspend credit to Pennar companies -- Foreign majors' bail-out schemes await approval
ADDING to the woes of two of the ailing Pennar group companies — Pennar Aluminium Company Ltd (Palco) and Pennar Profiles Ltd — the financial institutions and banks have suspended credit facilities. This has resulted in these ... More

PERFORMANCE


  • Graphite India to pay Rs 2.50

    NEW PRODUCTS & SERVICES


    Embark Immigration begins operations from Kolkata
    IT professionals, accountants, engineers, technicians and teachers are among the people who are welcome as immigrants to Canada, says Mr Ron Choudhury of Embark Immigration Consultants & Services, Canada. The nascent immigration services ... More

    ACL Chem launches new beta-carotene product
    ACL Chemicals Ltd, a Chennai-based R&D company, has announced the commercial launch of Natrotene, a natural beta-carotene extracted from the marine algae, dunaliella salina. Addressing a press conference at the launch, Mr S.B. Krishnan ... More

  • Castrol CRB Turbo launched
  • Greenply launches Duets
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    DNA Repository dedicated to nation


    Concern over stock, price situations: ATMA seeks early meet with Rubber Board

    Nasscom meet to discuss downturn, job scenario

    Sharp Tools plans white goods foray; IPO in 2 years

    Talks with contributors of UTI on new co soon

    Gold: The glitter is back

    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives

    Looking back
    Jun. 2-Jun. 8
    Contract farming -- Rallis ties up with SBI; replaces ICICI Bank

    Cos will be able to pay dividend to pref shares from capital -- Act change in wake of telecom row

    `LML will ride again into glory days with mobikes'

    Rs 1,000 - cr private placement -- CVC to look at UTI's Reliance exposure

    `Funds no constraint for Grasim's expansion plans'


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